Turnkey Medical Office
For Sale
$3,750,000
20 W Dry Creek Circle, Littleton, CO 80120
Modernized medical office building in Littleton's healthcare corridor.
Property Size14,846 SF
Lot Size2.00 Acres
Price / SF$252.59
Days on Market170
Property Features for 20 W Dry Creek Circle
General Information
Standard status
Active
Size
14,846 SF
Total Parking Spaces
60
Lot size
2.00 Acres
Zoning
CM/PL-O
Taxes and HOA fees
Annual Taxes
$64,776
Building Details
Building Size
14,846 SF
Year Built
1999
Stories
1
Listing Agency:
CBRE, INC.
Listed By:
Colton Reimer · License #100090094
(303) 628-1787
Source:
Evrealestate
Added: Apr 24
Changed: Oct 5
Last Checked: Oct 9 at 8:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, INC.
Investment Insights
Based on property information with market context.
This is a 14,846 square foot medical office building located in Littleton. The property was fully modernized in 2022 with $1.5 million in upgrades. Situated on a two-acre site, the building includes 60 surface parking spaces. The building offers multiple direct-entry suites. The property is located near C-470, South Broadway, and Littleton Adventist Hospital. The location offers high accessibility. The building is suitable for medical or professional users. The bike score is 44, indicating it is somewhat bikeable. The walk score is 54, indicating it is somewhat walkable. The transit score is 32, indicating some transit options are available. The property will be delivered vacant for immediate owner-user occupancy.
Key Highlights
- Turnkey 14,846 SF medical office building (MOB) delivered vacant for immediate owner‑user occupancy.
- $1.5M in 2022 upgrades; fully modernized.
- Located in Littleton’s premier healthcare corridor near C‑470, South Broadway, and Littleton Adventist Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,019
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,380
$3.5M
Cap Rate 7%
$2,485,986
$2.5M
Cap Rate 9%
$1,933,544
$1.9M
Market Conditions
NOI Build-Up for 14,846 SF
Gross rent
$329.6K $22.20/SF
− Vacancy
−$39.5K −$2.66/SF
EGI
$290.0K $19.54/SF
− OpEx
−$116.0K −$7.81/SF
NOI
$174.0K $11.72/SF
Area
Arapahoe County, CO
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,380
Cap Rate 7%
$2,485,986
Cap Rate 9%
$1,933,544
Alternative Uses
Best Use
Healthcare Medical
$2.49M
$2.18M – $2.90M
NOI $174,019 @ 7.0% cap · market cap 4.64%
Second Best
Office B
$2.32M
$2.03M – $2.71M
NOI $162,352 @ 7.0% cap · market cap 4.33%
Theoretical Best
Multifamily LT 5
$220.42M
$192.86M – $257.15M
NOI $15,429,097 @ 7.0% cap · market cap 411.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Southwest Veterinary Hospital PC — 250 E Dry Creek Rd #106, Littleton, CO 80122
- The Rehab Vets — 20 W Dry Creek Cir, Littleton, CO 80120
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modernized medical office building in Littleton's healthcare corridor.
Where is this medical office space located?
The property is located at 20 W Dry Creek Circle Littleton, CO.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Turnkey 14,846 SF medical office building (MOB) delivered vacant for immediate owner‑user occupancy.; $1.5M in 2022 upgrades; fully modernized.; Located in Littleton’s premier healthcare corridor near C‑470, South Broadway, and Littleton Adventist Hospital.
