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    7208 Tucson Way Centennial, CO 80112

    Sponsored
    For Sale
    $4,250,000

    High-Occupancy Medical Office in Centennial, CO

    Property size:
    22,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22,424 square foot medical office building, located at 7208 S Tucson Way in Centennial, Colorado (zip code 80112), presents a compelling investment opportunity. The Class B property, built on a 1.38-acre lot, boasts a modified lease structure and multi-tenant occupancy currently at 78%. The building, renovated in 2021, features modern architecture and updated finishes, appealing to a diverse range of medical tenants. The two-story structure includes convenient amenities such as an elevator, shower/locker rooms, and ample surface parking for 67 vehicles. The landscaped grounds enhance the property's curb appeal. The building's zoning is MU-PUD, allowing for flexibility in future use. With stunning front range western views from the second floor, this property offers a desirable location and a strong potential for return on investment. The asking price is $4,250,000, translating to $189.53 per square foot. This presents a rare opportunity for an owner-user or value-add acquisition in the thriving Centennial market. The property's strong occupancy rate and desirable features make it an attractive investment for discerning buyers.

    Property Features for 7208 Tucson Way

    General Information

    Property type
    Medical offices
    Square Feet
    22,424 SF
    Class
    B
    Lot Size
    60,113 SF

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    2

    HighLights

    • Ample surface parking: 67 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Frontier Communications Cell Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8352432
    Latitude
    39.5857444

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    FAQs

    What type of property is this?
    Medical office - High-Occupancy Medical Office in Centennial, CO
    Where is this medical office located?
    The property is located at 7208 Tucson Way Centennial, CO.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Ample surface parking: 67 spaces.; ;
    Request Owner's contact information
    7208 Tucson Way Centennial, CO 80112
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    Centennial, CO 80112
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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
    7208 Tucson Way Centennial, CO 80112
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