Two-Unit Office
7970 Sheridan Boulevard #200, Arvada, CO 80003
For Sale
Contact for pricing
The building offers two office units along Sheridan Boulevard with surface parking.
Property Size10,103 SF
Price / SF$0.40
Days on Market62
Property Features for 7970 Sheridan Boulevard #200
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Key Real Estate Group LLC
(303) 740-7676
Listed By:
Christian Younit · License CO #100051614
(303) 918-2399
Source:
Teamlassen
Added: Sep 10
Changed: Nov 10
Last Checked: Nov 9 at 3:56PM
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 Key Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This office property contains 10,103 square feet across two units and was built in 1983. The space is described as suitable for professional office configurations, with dental and medical office uses identified among the options.
The property is on Sheridan Boulevard in Arvada, with surface parking and access to nearby neighborhoods, businesses, and major roadways. Both units are available for lease, and the owner is open to buildouts and updates.
The property is on Sheridan Boulevard in Arvada, with surface parking and access to nearby neighborhoods, businesses, and major roadways. Both units are available for lease, and the owner is open to buildouts and updates.
Key Highlights
- 10,103‑square‑foot office property built in 1983
- Two units available for lease
- Surface parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,209
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,764,180
$2.8M
Cap Rate 7%
$1,974,414
$2.0M
Cap Rate 9%
$1,535,656
$1.5M
Market Conditions
NOI Build-Up for 10,103 SF
Gross rent
$242.5K $24.00/SF
− Vacancy
−$58.2K −$5.76/SF
EGI
$184.3K $18.24/SF
− OpEx
−$46.1K −$4.56/SF
NOI
$138.2K $13.68/SF
Area
Arvada, CO
Vacancy
24.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,764,180
Cap Rate 7%
$1,974,414
Cap Rate 9%
$1,535,656
Alternative Uses
Best Use
Healthcare Medical
$2.06M
$1.80M – $2.40M
NOI $144,028 @ 7.0% cap
Second Best
Office B
$1.97M
$1.73M – $2.30M
NOI $138,209 @ 7.0% cap
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $189,128 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
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Business Placement
Demographics for 80003, CO
36,258
Population
14,193
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
6.6 sq mi
ZIP Area
5,494
Density / Sq Mi
$82,754
Median Household Income
$51,667
Median Earnings
$1,729
Median Rent
$486,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Jefferson County, CO
Properties on Market for Office Units in Jefferson County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The building offers two office units along Sheridan Boulevard with surface parking.
Where is this office unit located?
The property is located at 7970 Sheridan Boulevard #200 Arvada, CO.
What are key features of this property?
This property features: 10,103‑square‑foot office property built in 1983; Two units available for lease; Surface parking on site
