For sale
Office Units
CO
Englewood
80112
9085 E Mineral Cir

Spacious Office Condo Near I-25

9085 E Mineral Cir, Englewood, CO 80112

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For Sale

Contact for pricing

1,623 SF office condo near Denver Tech Center.

Type:Office

Property size:

1,623 SF

Price / SF:

$160/SF

HighLights

Prime location: close to I‑25, Denver Tech Center, Dry Creek light rail station, and with easy access to Denver, Castle Rock, and DIA.
Spacious 1,623 sq ft office condo featuring two private offices, conference room (convertible to a third office), break room, copy/work room, and reception area.
Rare opportunity to own an office condo in this desirable area.
Private offices benefit from abundant natural light and attractive views.
Functional amenities include a separate break room and copy/work room.
Ample parking ensures convenient parking for employees and clients.

We can help!

Listing Contact

Bart Boranian Allen

For Sale

Contact for pricing

1,623 SF office condo near Denver Tech Center.

Type:Office

Property size:

1,623 SF

Price / SF:

$160/SF

Added:: Aug 19, 2024
Days on Market:: 671
Last Refresh:: May 13 at 8:26 pm

Property Features for 9085 E Mineral Cir

General Information

Standard status: Active
Size: 1,623 SF
Property subtype: Office

Building Details

Year Built: 1984

We can help!

Listing Contact

Bart Boranian Allen

Listing agent Bart Boranian Allen License #CO 100085689

Listing office Benchmark Commercial Real Estate

Listing date Aug 19, 2024

Source Crexi

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 Benchmark Commercial Real Estate

HighLights

Prime location: close to I‑25, Denver Tech Center, Dry Creek light rail station, and with easy access to Denver, Castle Rock, and DIA.
Spacious 1,623 sq ft office condo featuring two private offices, conference room (convertible to a third office), break room, copy/work room, and reception area.
Rare opportunity to own an office condo in this desirable area.
Private offices benefit from abundant natural light and attractive views.
Functional amenities include a separate break room and copy/work room.
Ample parking ensures convenient parking for employees and clients.

Overview

Located adjacent to Dry Creek Road and I-25, near the Denver Tech Center, Unit 125 at the Panorama Falls Office Condominiums offers 1,623 square feet of office space. Built in 1982, this office condo features two private offices with natural light and views, a conference room adaptable as a third private office, a break room, a copy/work room, and a reception area. The property is located a 20-minute drive from downtown and Castle Rock, and less than 35 minutes from Denver International Airport (DIA), with a 10-minute walk to the Dry Creek light rail station. The building is of masonry construction and equipped with a wet sprinkler system. Ample parking is available. The 2024 property taxes are $10,298.93, and condo dues are $1,111.74. Furniture is negotiable. This office unit presents an opportunity to own commercial real estate in an area with limited availability.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$28.8k	$17.76
− Vacancy	−$5.2k	−$3.18
EGI	$23.7k	$14.58
− OpEx	−$5.9k	−$3.65
NOI	$17.7k	$10.94

1,623 SF · lease $17.76/SF/yr · vacancy 17.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$253.6K

$221.9K – $295.8K (±1% cap)

NOI $17,749 @ 7.0% cap · market cap 6.83%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$24.10M

$21.08M – $28.11M (±1% cap)

NOI $1,686,746 @ 7.0% cap · market cap 648.75%

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

Property Profile Location Intelligence

Current Use by Public Records

Business Aviation Group Construction Company

Suggested Use

Location Insight

Map
Local Demand

City: Englewood
County: Arapahoe
State: Colorado
Longitude: -104.8852046
Latitude: 39.576403

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For sale
Office Units
CO
Englewood
80112
9085 E Mineral Cir

What type of property is this?

Office units - 1,623 SF office condo near Denver Tech Center.

Where is this office units located?

The property is located at 9085 E Mineral Cir Englewood, CO.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: Prime location: close to I‑25, Denver Tech Center, Dry Creek light rail station, and with easy access to Denver, Castle Rock, and DIA.; Spacious 1,623 sq ft office condo featuring two private offices, conference room (convertible to a third office), break room, copy/work room, and reception area.; Rare opportunity to own an office condo in this desirable area.