DTC Office Space with
For Sale
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8301 E Prentice Avenue, Greenwood Village, CO
Condominium office space in Denver Technological Center with parking.
Property Size2,403 SF
Lot Size2.40 Acres
Price / SF$330.84
Days on Market1025
Property Features for 8301 E Prentice Avenue
General Information
Standard status
Active
Size
2,403 SF
Lot size
2.40 Acres
Property subtype
OFFICE
Listing Agency:
Trevey Commercial Real Estate
(303) 841-1400
Listed By:
Nick Beach · License #FA.100086684
(719) 237-0880
Source:
Moodyscre
Added: Dec 20, 2023
Changed: Oct 4
Last Checked: Oct 7 at 12:25PM
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 Trevey Commercial Real Estate
Investment Insights
Based on property information with market context.
This condominium office space is located in the Denver Technological Center (DTC) submarket. The property features Class A common area finishes, a common area patio, and a break area. Furniture and cubicles are available. The location provides walkability to numerous restaurants and amenities at Belleview Promenade and is located minutes from the Belleview RTD light rail station. The property includes three deeded covered garage parking spaces. The unit measures 2403 square feet.
Key Highlights
- 3 deeded covered garage parking spaces
- Located in the heart of the Denver Technological Center
- Walk to numerous restaurants and amenities at Belleview Promenade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,279
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,580
$525.6K
Cap Rate 7%
$375,414
$375.4K
Cap Rate 9%
$291,989
$292.0K
Market Conditions
NOI Build-Up for 2,403 SF
Gross rent
$42.7K $17.76/SF
− Vacancy
−$7.6K −$3.18/SF
EGI
$35.0K $14.58/SF
− OpEx
−$8.8K −$3.65/SF
NOI
$26.3K $10.94/SF
Area
Arapahoe County, CO
Vacancy
17.90%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,580
Cap Rate 7%
$375,414
Cap Rate 9%
$291,989
Alternative Uses
Best Use
Office B
$375.4K
$328.5K – $438.0K
NOI $26,279 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.68M
$31.22M – $41.62M
NOI $2,497,381 @ 7.0% cap · market cap 314.14%
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
4,649
Businesses Nearby
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Business Placement
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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 - Condominium office space in Denver Technological Center with parking.
Where is this office units located?
The property is located at 8301 E Prentice Avenue Greenwood Village, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3 deeded covered garage parking spaces; Located in the heart of the Denver Technological Center; Walk to numerous restaurants and amenities at Belleview Promenade
