9375 SPRUCE MOUNTAIN RD, Larkspur, CO 80118

Listing Agency: NavPoint Real Estate Group

Listed By: Matt Kulbe · License CO FA.100014080 Show Phone

Source: Crexi

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 5:31PM

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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 NavPoint Real Estate Group

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Investment Insights

Based on property information with market context.

At 9375 Spruce Mountain Road in Larkspur, this office building contains 4,290 square feet.

Key Highlights

• 4,290‑square‑foot office building
• Located at 9375 Spruce Mountain Road in Larkspur, Colorado

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,758

Cap Rate

5.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,495,160 $1.5M

Cap Rate 7%

$1,067,971 $1.1M

Cap Rate 9%

$830,644 $830.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,290 SF

Gross rent

$119.9K $27.96/SF

− Vacancy

−$20.3K −$4.73/SF

EGI

$99.7K $23.23/SF

− OpEx

−$24.9K −$5.81/SF

NOI

$74.8K $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 Rate 5%

$1,495,160

Cap Rate 7%

$1,067,971

Cap Rate 9%

$830,644

Alternative Uses

Best Use

Office B

$1.07M

$934.5K – $1.25M (±1% cap)

NOI $74,758 @ 7.0% cap · market cap 5.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,147 @ 7.0% cap · market cap 8.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

Explore this area Business Placement

Demographics for 80118, CO

6,057

Population

2,273

Households

2.7

Avg Household Size

53

Median Age

64%

College-Educated

99%

High-School Grad

131.0 sq mi

ZIP Area

46

Density / Sq Mi

$153,368

Median Household Income

$72,031

Median Earnings

$2,457

Median Rent

$826,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - The Larkspur property is configured for office use.

Where is this office building located?

The property is located at 9375 SPRUCE MOUNTAIN RD Larkspur, CO.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 4,290‑square‑foot office building; Located at 9375 Spruce Mountain Road in Larkspur, Colorado