Centennial Office Building Investment
For Sale
$1,250,000
3969 E Arapahoe Rd, Centennial, CO 80122
Commercial office building for sale in Centennial, Colorado.
Property Size5,798 SF
Lot Size0.06 Acres
Days on Market315
Property Features for 3969 E Arapahoe Rd
General Information
Standard status
Active
Size
5,798 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,743
Building Details
Building Size
5,798 SF
Year Built
1982
Stories
3
Units
12
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Listed By:
John Dovenbarger · License #1318931
(303) 591-8771
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 8
Last Checked: Oct 7 at 1:09PM
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 Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial office investment opportunity is located at 3969 E Arapahoe Rd, Centennial, CO 80122. The office building has 5,798 square feet on three levels above grade, with an additional 1,398 square foot unfinished basement. Situated on a 2,737 square foot lot, the property is located just one half block south of Arapahoe Rd. Currently, 10 of the 12 office suites are rented, primarily on 1-year leases. Tenants pay gross rents, and the landlord covers building expenses, including utilities, internet, janitorial services, and phone. A potential value-add opportunity exists in converting the basement space into rentable storage.
Key Highlights
- Commercial office building investment opportunity.
- 5,798 s.f. office building on three levels.
- Located just one half block south of Arapahoe Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,264
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,280
$1.5M
Cap Rate 7%
$1,046,629
$1.0M
Cap Rate 9%
$814,044
$814.0K
Market Conditions
NOI Build-Up for 5,798 SF
Gross rent
$125.2K $21.60/SF
− Vacancy
−$27.6K −$4.75/SF
EGI
$97.7K $16.85/SF
− OpEx
−$24.4K −$4.21/SF
NOI
$73.3K $12.64/SF
Area
Centennial, CO
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,280
Cap Rate 7%
$1,046,629
Cap Rate 9%
$814,044
Alternative Uses
Best Use
Office B
$1.05M
$915.8K – $1.22M
NOI $73,264 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,453 @ 7.0% cap · market cap 7.88%
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
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 80122, CO
32,336
Population
13,180
Households
2.5
Avg Household Size
43
Median Age
63%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
4,554
Density / Sq Mi
$120,181
Median Household Income
$64,116
Median Earnings
$2,094
Median Rent
$599,400
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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Frequently Asked Questions
What type of property is this?
Office building - Commercial office building for sale in Centennial, Colorado.
Where is this office building located?
The property is located at 3969 E Arapahoe Rd Centennial, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Commercial office building investment opportunity.; 5,798 s.f. office building on three levels.; Located just one half block south of Arapahoe Rd.
