Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7208 S Tucson Way Centennial, CO 80112

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    22,424 RSF office building with updated finishes and easy access.

    Type:Office
    Property size:
    22,424 SF
    Added:
    Jul 30, 2024
    Days on Market:
    631
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 7208 S Tucson Way

    General Information

    Standard status
    Active
    Size
    22,424 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Natasha Felten

    Listing agent Natasha Felten License #CO ER.040012418

    Listing office Natasha Felten

    Listing date Jul 30, 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 Natasha Felten

    Overview

    Modern Suburban Office Building For Sale

    This 22,424 RSF suburban midrise building features modern architecture and updated finishes. The two-story property offers easy access and includes an elevator, shower/locker areas, and multiple tenant occupants. Landscaped grounds surround the building, bordering a surface parking lot. The second floor provides front-range western views. Approximately 5,200 square feet can be assembled for an owner/user.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Jefferson
    State
    Colorado
    Longitude
    -104.859
    Latitude
    39.5742

    Nearby Similar for Sale

    • $1,634,475
      3,441 SF

      Centennial Office with Perimeter Glass

      Second-floor office unit with high-end finishes and private balconies.
      7384 South Alton Way #203-204, Centennial, CO 80112
      View Details
    • $1,423,750
      3,350 SF

      Centennial Office with New Buildout

      Ground floor office unit with recent buildout near I-25.
      7374 South Alton Way #101-102, Centennial, CO 80112
      View Details
    • $685,000
      2,181 SF

      Modern Flex Space in Centennial

      Modern flex condominium with expansion potential in South Metro Denver.
      13833 E Briarwood Ave, Centennial, CO 80016
      View Details
    • $497,000
      1,530 SF

      Centennial Office/Flex Condo For Sale

      1,530 SF office/flex condo in well-maintained business park.
      12354 East Caley Avenue, Centennial, CO 80111
      View Details
    • $4,000,000
      35,514 SF

      Renovated Centennial Office Building

      Recently renovated multi-tenant office building in a sought-after suburban location.
      13275 E Fremont Pl, Centennial, CO 80012
      View Details
    • $1,700,000
      2,400 SF

      Freestanding Retail Building in Centennial

      Highly visible retail building in an established commercial corridor.
      7560 S University Blvd, Centennial, CO 80122
      View Details
    • $6,210,000
      31,332 SF

      Centennial Office Building Near I-25

      31,332 SF office building with easy access to Denver.
      9137 E Mineral Cir | Centennial, CO 80112, CO 80112
      View Details
    • $975,000
      827 SF

      Centennial Office Building For Sale

      827 SF office building in Centennial, Colorado, for sale.
      6909 S Holly Cir, Centennial, CO
      View Details
    • $360,000
      3,652 SF

      Centennial Office Space with Views

      Corner office space with high-end finishes and great views.
      9085 E Mineral Cir, Centennial, CO
      View Details
    • $579,000
      2,069 SF

      Centennial Industrial/Flex Space For Sale

      Versatile industrial/flex space in Centennial's accessible business corridor.
      14883 E Hinsdale Ave, Centennial, CO
      View Details
    • $22,200,000
      194,088 SF

      Multi-Tenant Office Building For Sale

      138,771 RSF multi-tenant office building with 98% occupancy.
      8085 South Chester Street, Centennial, CO 80112
      View Details
    • $1,250,000
      5,798 SF

      Centennial Office Building Investment Opportunity

      Commercial office building for sale in Centennial, Colorado.
      3969 E Arapahoe Rd., Centennial, CO
      View Details

    FAQs

    What type of property is this?
    Office building - 22,424 RSF office building with updated finishes and easy access.
    Where is this office building located?
    The property is located at 7208 S Tucson Way Centennial, CO.
    What is the asking price?
    The asking price for this property is $3,924,000.
    What are key features of this property?
    This property features: Can assemble +/-5,200SF for an owner/user.; Modern architecture and updated finishes.; Easy to access two story property with elevator.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Natasha Felten
    Real Estate License ID: CO ER.040012418
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!