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    10168 Parkglenn Way Parker, CO 80138

    For Sale
    $4,852,000

    Medical Office Building, Owner/User Opportunity

    Property size:
    20,078 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A medical office building, located at 10168 Parkglenn Way in Parker, Colorado, presents a unique investment or owner-user opportunity. The 20,078 square foot building, constructed in 2009, sits on a 1.71-acre lot and features a desirable stucco and stone exterior. Currently 100% occupied by a credit-rated tenant under a NNN lease expiring October 31, 2025, offering a remaining lease term of approximately 0.9 years. The property boasts ample parking (6.46 spaces per 1,000 square feet, totaling 98 spaces) and a complete medical build-out, including extensive plumbing infrastructure for exam rooms, medical imaging, and a pharmacy. The building is zoned Planned Development and offers 15,164 square feet of net rentable space. The asking price is $4,852,000, representing a price per square foot of $241.66 and a 9.87% cap rate with a current NOI of $478,901. This presents a compelling opportunity for an owner-user to occupy the space after the current lease expires or for an investor to reposition the property for multi-tenant or single-tenant occupancy. The property's location in a coveted suburban area with walkable amenities adds to its appeal. The property's APN is 2233-151-05-020 and 2233-151-05-019.

    Property Features for 10168 Parkglenn Way

    General Information

    Property type
    Medical offices
    Square Feet
    20,078 SF
    Class
    A
    Lot Size
    74,488 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    2

    HighLights

    • Priced well below replacement cost at $314/RSF.
    • Located in a coveted suburban area with walkable amenities.
    • Short remaining lease term (approx. 0.9 years) allows for flexible future occupancy.
    • Fully built‑out medical office space with extensive plumbing infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pharmacy | Kaiser Permanente ... Pharmacy Scott Anthony Isbell, ... Family Practice Physician Steven Brett Wolkenberg, ... Family Practice Physician Carly Greene Nurse Practitioner Anne Heenan, MD ... Internist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.7654483
    Latitude
    39.5341951

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    FAQs

    What type of property is this?
    Medical office - Medical Office Building, Owner/User Opportunity
    Where is this medical office located?
    The property is located at 10168 Parkglenn Way Parker, CO.
    What is the asking price?
    The asking price for this property is $4,852,000.
    What are key features of this property?
    This property features: Priced well below replacement cost at $314/RSF.; Located in a coveted suburban area with walkable amenities.; Short remaining lease term (approx. 0.9 years) allows for flexible future occupancy.
    Request Owner's contact information
    10168 Parkglenn Way Parker, CO 80138
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    Realmo Value Estimation

    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.

    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.

    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
    10168 Parkglenn Way Parker, CO 80138
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