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 Market209
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.
(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 5:08AM
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 = 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
$43,480
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
3.22%
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%
$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
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
$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 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%
$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
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 - 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
