Centennial Office with Perimeter
For Sale
$1,350,000
7384 South Alton Way #203-204, Centennial, CO 80112
Second-floor office unit with high-end finishes and private balconies.
Property Size3,441 SF
Price / SF$392.33
Days on Market255
Property Features for 7384 South Alton Way #203-204
General Information
Standard status
Active
Size
3,441 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,441 SF
Year Built
2007
Listing Agency:
Unique Properties, Inc.
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 8
Last Checked: Oct 9 at 6:41PM
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 second-floor office unit, located in Centennial, features three full sides of perimeter glass. The property is part of the Alton Way Office Village, situated just off of I-25 and E. Dry Creek Road, and is located 2 blocks from the Dry Creek Light Rail Station. The unit has new high-end finishes throughout and includes two private balconies. The buildout consists of three executive offices, a conference room, two ADA restrooms, a kitchen, and a large open bullpen area. Exterior signage is available. The property's association dues are $1,545.06 per month, and the property taxes are $28,045 per year. The unit offers close proximity to I-25 and hundreds of restaurants in the area. The property contains 3,441 square feet.
Key Highlights
- New high‑end finishes throughout and two private balconies
- Features three full sides of perimeter glass
- Price reduced to $475/sf or $1,634,475
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,480
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,600
$869.6K
Cap Rate 7%
$621,143
$621.1K
Cap Rate 9%
$483,111
$483.1K
Market Conditions
NOI Build-Up for 3,441 SF
Gross rent
$74.3K $21.60/SF
− Vacancy
−$16.4K −$4.75/SF
EGI
$58.0K $16.85/SF
− OpEx
−$14.5K −$4.21/SF
NOI
$43.5K $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%
$869,600
Cap Rate 7%
$621,143
Cap Rate 9%
$483,111
Alternative Uses
Best Use
Office B
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.7K
$730.4K – $973.8K
NOI $58,430 @ 7.0% cap · market cap 4.33%
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
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
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 units - Second-floor office unit with high-end finishes and private balconies.
Where is this office units located?
The property is located at 7384 South Alton Way #203-204 Centennial, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: New high‑end finishes throughout and two private balconies; Features three full sides of perimeter glass; Price reduced to $475/sf or $1,634,475
