Centennial Office with New
For Sale
$1,150,000
7374 South Alton Way #101-102, Centennial, CO 80112
Ground floor office unit with recent buildout near I-25.
Property Size3,350 SF
Price / SF$343.28
Days on Market209
Property Features for 7374 South Alton Way #101-102
General Information
Standard status
Active
Size
3,350 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,350 SF
Year Built
2007
Listing Agency:
Unique Properties, Inc.
(303) 668-3733
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Tcnworldwide
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 24 at 3:16AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
This ground floor office unit, located in Centennial, features a new buildout with four private offices, a conference room, two ADA restrooms, a copier room, and a large open bullpen area. The property is part of the Alton Way Office Village and offers exterior signage. It is situated just a few minutes from I-25 and E. Dry Creek Ave, and is two blocks from the Dry Creek Light Rail Station. The property's association dues are $1,504.20 per month, and the property taxes are $27,258 per year. The seller will deliver the space in a "vanilla shell" condition; additional finish can be negotiated if desired. The property size is 3,350 square feet. There are hundreds of restaurants in the area.
Key Highlights
- Reduced Sale Price: $425/sf or $1,423,750
- New Buildout: Includes four private offices, conference room, two ADA restrooms, copier room and large open bullpen area
- Convenient Location: Close proximity to I‑25 and 2 blocks from the Dry Creek Light Rail Station
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$846,620
$846.6K
Cap Rate 7%
$604,729
$604.7K
Cap Rate 9%
$470,344
$470.3K
Market Conditions
NOI Build-Up for 3,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.4K $21.60/SF
− Vacancy
−$15.9K −$4.75/SF
EGI
$56.4K $16.85/SF
− OpEx
−$14.1K −$4.21/SF
NOI
$42.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$846,620
Cap Rate 7%
$604,729
Cap Rate 9%
$470,344
Alternative Uses
Best Use
Office B
$604.7K
$529.1K – $705.5K
NOI $42,331 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.6K
$711.1K – $948.1K
NOI $56,885 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground floor office unit with recent buildout near I-25.
Where is this office units located?
The property is located at 7374 South Alton Way #101-102 Centennial, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Reduced Sale Price: **$425/sf or $1,423,750**; New Buildout: Includes **four private offices, conference room, two ADA restrooms, copier room and large open bullpen area**; Convenient Location: Close proximity to I‑25 and 2 blocks from the Dry Creek Light Rail Station
