For Sale
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9102 W Ken Caryl Ave, Littleton, CO 80128
Medical Office Space
Property Size5,000 SF
Price / SF$360
Days on Market801
Property Features for 9102 W Ken Caryl Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Zoning
C1
Occupancy
64%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2001
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Tower Realty Partners
Listed By:
Rachel Duven · License #FA.100105364
Source:
Crexi
Added: Jun 25, 2024
Changed: Sep 3
Last Checked: Aug 29 at 3:18AM
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 Tower Realty Partners
Investment Insights
Based on property information with market context.
Key Highlights
- Leased veterinary suite on the second floor provides immediate income.
- Fully equipped medical suite on the first floor is ready for immediate use.**
- Ideal for owner‑users or investors in the healthcare industry.
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
$87,130
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
4.84%
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%
$1,742,600
$1.7M
Cap Rate 7%
$1,244,714
$1.2M
Cap Rate 9%
$968,111
$968.1K
Market Conditions
NOI Build-Up for 5,000 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
$139.8K $27.96/SF
− Vacancy
−$23.6K −$4.73/SF
EGI
$116.2K $23.23/SF
− OpEx
−$29.0K −$5.81/SF
NOI
$87.1K $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%
$1,742,600
Cap Rate 7%
$1,244,714
Cap Rate 9%
$968,111
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,130 @ 7.0% cap · market cap 4.84%
Second Best
Healthcare Medical
$1.03M
$897.0K – $1.20M
NOI $71,757 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,218 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80128, CO
36,699
Population
14,573
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
97%
High-School Grad
12.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$119,827
Median Household Income
$61,034
Median Earnings
$1,934
Median Rent
$554,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this medical office space located?
The property is located at 9102 W Ken Caryl Ave Littleton, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Leased veterinary suite on the second floor provides immediate income.; Fully equipped medical suite on the first floor is ready for immediate use.**; Ideal for owner‑users or investors in the healthcare industry.
