Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Condo Near DTC Title is generated by Realmo AI

    8623 E Dry Creek Road 423, Englewood, CO 80112

    View on Map
    Claim this Listing
    For Sale
    $369,900

    Refreshed condo with new carpet, stainless appliances, and great amenities.

    Type:Condo/Townhome
    Property size:
    1,147 SF
    Price / SF:
    $322/SF
    Added:
    Mar 24, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 3:09 am

    Property Features for 8623 E Dry Creek Road 423

    General Information

    Standard status
    Active
    Size
    1,147 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Steven Izzi

    Listing agent Steven Izzi License #100054889

    Listing office Redfin Corporation

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Redfin Corporation

    HighLights

    • Largest floor plan in the complex with vaulted ceilings creating a spacious atmosphere.
    • Prime location near C‑470 and Arapahoe Rd, offering quick access to DTC.
    • Includes an attached one‑car garage and a reserved parking space.
    • Community amenities include a clubhouse, pool, hot tub, and fitness center.
    • Features brand new carpet and stainless steel appliances.
    • Located within the Cherry Creek School District.

    Overview

    This second-floor condo is located in the Saddle Ridge Condos, near C-470 and Arapahoe Rd, providing access to DTC. The unit features new carpet throughout and stainless steel appliances. As the largest floor plan in the complex, the home includes vaulted ceilings. The family room features a gas fireplace and access to a private balcony. The kitchen is equipped with tile countertops and cabinet space, with adjacent table space. The primary suite includes a full ensuite bathroom and a walk-in closet with built-ins. An additional bedroom and bathroom are located on the opposite side of the home. The unit also includes a full-size side-by-side washer and dryer. Residents have access to a clubhouse, pool, hot tub, and fitness center. The property includes an attached one-car garage and a reserved parking space. Located within the Cherry Creek School District and a short drive from Park Meadows Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8892211
    Latitude
    39.581866

    Nearby Similar for Sale

    • $900,000
      2,112 SF

      Englewood Commercial Property with Carwash

      High-visibility Englewood commercial property with convenience store, gas station, carwash.
      2202 W Evans Ave, Englewood, CO 80110
      View Details
    • $2,350,000
      5,674 SF

      Englewood Retail/Redevelopment Opportunity

      High-visibility retail building with redevelopment potential in Englewood.
      2775 S Broadway, Englewood, CO 80113
      View Details
    • $850,000

      Englewood Auto Shop Investment Property

      Commercial property leased to auto shop in high-traffic area.
      324 W Hampden Ave, Englewood, CO 80110
      View Details
    • $775,000
      2,995 SF

      Englewood Freestanding Building on Broadway

      Freestanding Englewood building with high visibility and flexible MU-B-2 zoning.
      4219 South Broadway, Englewood, CO 80113
      View Details
    • $1,550,000
      3,664 SF

      Englewood Retail Space for Lease

      Retail space in a strong corridor with high traffic.
      324-340 W Hampden Ave, Englewood, CO
      View Details
    • $825,000
      3,833 SF

      Mixed-Use Property on South Broadway

      Mixed-use property with bar, art studio, and residential units.
      4370 S Broadway, Englewood, CO
      View Details
    • $1,249,000
      4,881 SF

      Englewood Office/Warehouse with Class A Finishes

      4,881 SF office/warehouse with excellent functionality and location.
      3778 S Kalamath St, Englewood, CO 80110
      View Details
    • $1,800,000
      10,027 SF

      Englewood Multi-Tenant Industrial Asset

      10,027 SF multi-tenant industrial asset in Englewood Industrial Park.
      2492 S Tejon St, Englewood, CO 80110
      View Details
    • $3,200,000
      4,050 SF

      Restaurant with Drive-Thru on Zenith

      Free-standing restaurant with drive-thru in high-traffic location.
      9846 Zenith Meridian Drive, Englewood, CO 80112
      View Details
    • $2,280,000
      12,798 SF

      Englewood Multi-Tenant Industrial Property

      Multi-tenant industrial property in Englewood Industrial Park for sale.
      2860 S Vallejo St, Englewood, CO 80110
      View Details
    • $1,800,000
      10,027 SF

      Englewood Multi-Tenant Industrial Asset

      10,027 SF multi-tenant industrial asset in Englewood Industrial Park.
      2492 S Tejon St, Englewood, CO 80110
      View Details
    • $850,000
      2,450 SF

      Englewood Commercial Property For Sale

      Highly visible commercial property in a high-traffic Englewood corridor.
      324 W Hampden Avenue, Englewood, CO 80110
      View Details

    FAQs

    What type of property is this?
    Residential income property - Refreshed condo with new carpet, stainless appliances, and great amenities.
    Where is this residential income property located?
    The property is located at 8623 E Dry Creek Road 423 Englewood, CO.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Largest floor plan in the complex with vaulted ceilings creating a spacious atmosphere.; Prime location near C‑470 and Arapahoe Rd, offering quick access to DTC.; Includes an attached one‑car garage and a reserved parking space.
    (303) 536-8941
    We can help!
    Listing Contact
    Steven Izzi
    Real Estate License ID: 100054889
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8623 E Dry Creek Road 423, Englewood, CO 80112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!