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    9299 S Broadway Highlands Ranch, CO 80129

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    For Sale
    $2,700,000

    Two-tenant medical office building in Highlands Ranch, Colorado.

    Type:Office
    Property size:
    5,984 SF
    Added:
    Nov 21, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 1 at 11:47 pm

    Property Features for 9299 S Broadway

    General Information

    Standard status
    Active
    Size
    5,984 SF
    Property subtype
    Office

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Dallas Sandberg

    Listing agent Dallas Sandberg

    Listing office

    Listing date Nov 21, 2025

    Source Pinnaclerea

    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 Dallas Sandberg

    Overview

    Medical Office Building For Sale

    The property at 9299 S Broadway is a two-tenant medical office building with upgrades and finishes. Located in Highlands Ranch, Colorado, the area has an average household income exceeding $148,227 annually. The property is an outparcel of the Highlands Ranch Shopping Center, which includes retailers such as Home Depot, Michaels, and OfficeMax, along with other businesses. Family Dental occupies approximately one-third of the 5,984 square foot building and has been a tenant for over 10 years, recently renewing their lease in 2024. The property is suitable for an owner-user or investment opportunity, with existing income. The surrounding area of 9299 S Broadway is known for its business community and medical facilities, making it suitable for office and medical investors. The property has abundant parking and proximity to E-470. Family Dental has 5 years remaining on their initial lease term and is on a NNN lease, paying $58,848 in annual base rent. Approximately 4,000 square feet of primary care space will be available at the time of sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Hair Salon Department Store Food Market

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

    Similar Places Nearby

    • Banfield Pet Hospital — 9265 S Broadway #300, Highlands Ranch, CO 80129
    • Annies Animal Clinic — Highlands Ranch, CO 80129
    • MySimpletPetExpress Walk-In Vet Care Highlands Ranch — 9291 S Broadway, Highlands Ranch, CO 80129
    • Chewy Vet Care Highlands Ranch — 9325 Dorchester St S 128, Highlands Ranch, CO 80129
    • Vetco Total Care Animal Hospital — 1265 Sergeant Jon Stiles Dr F, Highlands Ranch, CO 80129

    Location Insight

    • Map
    • Local Demand
    City
    Highlands Ranch
    County
    Douglas
    State
    Colorado
    Longitude
    -104.993
    Latitude
    39.5463

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    FAQs

    What type of property is this?
    Medical Office Space - Two-tenant medical office building in Highlands Ranch, Colorado.
    Where is this medical office space located?
    The property is located at 9299 S Broadway Highlands Ranch, CO.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: High‑income area: Average household income exceeds $148,227 annually.; Excellent owner‑user or investment opportunity with in‑place income.; Anchored by national tenants like Home Depot, Michaels, and OfficeMax.
    (303) 407-9781
    We can help!
    Listing Contact
    Dallas Sandberg
    Learn More
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    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
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