Building Details

Building Size 10,661 SF

Listing Agency: Hoff & Leigh Show Phone

Listed By: Holly Trinidad · License #ER.100022369 Show Phone

Source: Hoffleigh

Added: Oct 27, 2023 Changed: Oct 4 Last Checked: Oct 19 at 3:11AM

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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 Hoff & Leigh

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Investment Insights

Based on property information with market context.

Located off Interstate 25, 7501 Village Square Drive offers connectivity to South Denver and Castle Rock. The property is move-in ready. It is situated in a community near restaurants and shopping destinations. The building includes a shared conference room with a patio and views. This location is suitable for businesses. The property contains 11697 square feet.

Key Highlights

• Strategic location off I‑25 providing easy access to South Denver and Castle Rock.
• Move‑in ready, turnkey property for a swift business transition.
• Located near restaurants and shopping destinations.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$185,779

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,715,580 $3.7M

Cap Rate 7%

$2,653,986 $2.7M

Cap Rate 9%

$2,064,211 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,661 SF

Gross rent

$298.1K $27.96/SF

− Vacancy

−$50.4K −$4.73/SF

EGI

$247.7K $23.23/SF

− OpEx

−$61.9K −$5.81/SF

NOI

$185.8K $17.43/SF

Area

Douglas County, CO

Vacancy

16.90%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,715,580

Cap Rate 7%

$2,653,986

Cap Rate 9%

$2,064,211

Alternative Uses

Best Use

Office B

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,779 @ 7.0% cap · market cap 4.76%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.66M

$3.20M – $4.27M (±1% cap)

NOI $256,330 @ 7.0% cap · market cap 6.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Garden Center Plumbing Service Furniture & Home Goods Big Box & Wholesale Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

512

Businesses Nearby

Explore this area Business Placement

Demographics for 80108, CO

32,188

Population

12,801

Households

2.5

Avg Household Size

41

Median Age

66%

College-Educated

98%

High-School Grad

35.3 sq mi

ZIP Area

912

Density / Sq Mi

$178,670

Median Household Income

$80,000

Median Earnings

$1,995

Median Rent

$813,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - Exceptional opportunity in a prime location along Colorado’s Front Range.

Where is this office building located?

The property is located at 7501 Village Square Drive Castle Pines, CO.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Strategic location off I‑25 providing easy access to South Denver and Castle Rock.; Move‑in ready, turnkey property for a swift business transition.; Located near restaurants and shopping destinations.