Office Building in Business
For Sale
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8381 Southpark Ln, Littleton, CO 80120
Office building within the Southpark Business Centre, accessed from County Line Road and near major highway routes.
Property Size17,792 SF
Price / SF$252.92
Days on Market443
Property Features for 8381 Southpark Ln
General Information
Standard status
Active
Size
17,792 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
RC Myles, CCIM, SIOR
(303) 947-7850
Source:
Moodyscre
Added: Jun 27, 2025
Changed: Aug 12
Last Checked: Sep 11 at 10:48AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
Located at 8381 Southpark Lane within the Southpark Business Centre, this office building is part of a planned business park in the Southwest Suburban Market. Southpark is bordered by Mineral Avenue to the north, Santa Fe to the west, County Line to the south, and Broadway to the east.
Access to the property is gained from County Line Road, a major east/west arterial stretching from Littleton eastward to Centennial Airport. C-470 is the nearest highway, with an exit accessing the area via Broadway or Kendrick Castillo Way.
Southpark Business Centre is described as having strict development guidelines and an established reputation among local businesses, with restaurants, shopping, and entertainment available in close proximity. Mineral Place, a 45-acre development, is also being developed with a new Costco on the north side of the park at 700 West Mineral.
Access to the property is gained from County Line Road, a major east/west arterial stretching from Littleton eastward to Centennial Airport. C-470 is the nearest highway, with an exit accessing the area via Broadway or Kendrick Castillo Way.
Southpark Business Centre is described as having strict development guidelines and an established reputation among local businesses, with restaurants, shopping, and entertainment available in close proximity. Mineral Place, a 45-acre development, is also being developed with a new Costco on the north side of the park at 700 West Mineral.
Key Highlights
- Office building in the Southpark Business Centre within the Southwest Suburban Market
- Southpark Business Centre is bordered by Mineral Avenue, Santa Fe, County Line, and Broadway
- Access to the building is from County Line Road, a major east/west arterial from Littleton to Centennial Airport
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
$310,045
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
6.89%
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%
$6,200,900
$6.2M
Cap Rate 7%
$4,429,214
$4.4M
Cap Rate 9%
$3,444,944
$3.4M
Market Conditions
NOI Build-Up for 17,792 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
$497.5K $27.96/SF
− Vacancy
−$84.1K −$4.73/SF
EGI
$413.4K $23.23/SF
− OpEx
−$103.3K −$5.81/SF
NOI
$310.0K $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 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%
$6,200,900
Cap Rate 7%
$4,429,214
Cap Rate 9%
$3,444,944
Alternative Uses
Best Use
Office B
$4.43M
$3.88M – $5.17M
NOI $310,045 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,785 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
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 building - Office building within the Southpark Business Centre, accessed from County Line Road and near major highway routes.
Where is this office building located?
The property is located at 8381 Southpark Ln Littleton, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Office building in the Southpark Business Centre within the Southwest Suburban Market; Southpark Business Centre is bordered by Mineral Avenue, Santa Fe, County Line, and Broadway; Access to the building is from County Line Road, a major east/west arterial from Littleton to Centennial Airport
