Building Details

Year Built 1980

Stories 1

Units 20

Listing Agency: Sheldon-Gold Realty Inc

Listed By: Greg Johnson · License #CO EA040004145 Show Phone

Source: Crexi

Added: May 12 Changed: Oct 11 Last Checked: Oct 19 at 6:57AM

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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 Sheldon-Gold Realty Inc

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Investment Insights

Based on property information with market context.

This modern end cap flex office suite offers a work environment built for flexibility, with a thoughtfully designed layout and move-in-ready configurations. The space features high-end finishes, abundant natural light, and glass on three sides, along with vibrant interior accents.

Located at 99 Inverness Dr E in Englewood, the suite’s end cap positioning and open, light-filled design support a range of office and light industrial uses.

Overall, the property combines office finishes with flex functionality, making it well-suited for tenants looking to operate in a polished, functional setting.

Key Highlights

• Modern end cap flex office space built in 1980
• Three‑sided glass for abundant natural light
• Move‑in‑ready office/light industrial layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,501

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,410,020 $2.4M

Cap Rate 7%

$1,721,443 $1.7M

Cap Rate 9%

$1,338,900 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,019 SF

Gross rent

$195.7K $17.76/SF

− Vacancy

−$35.0K −$3.18/SF

EGI

$160.7K $14.58/SF

− OpEx

−$40.2K −$3.65/SF

NOI

$120.5K $10.94/SF

Area

Arapahoe County, CO

Vacancy

17.90%

Lease Rate

$17.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,410,020

Cap Rate 7%

$1,721,443

Cap Rate 9%

$1,338,900

Alternative Uses

Best Use

Office B

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,501 @ 7.0% cap · market cap 4.39%

Second Best

Industrial

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,710 @ 7.0% cap · market cap 3.01%

Theoretical Best

Multifamily LT 5

$163.60M

$143.15M – $190.86M (±1% cap)

NOI $11,451,786 @ 7.0% cap · market cap 417.34%

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

Property Analytics

Current Use

Dr. Prusmack (Rocky ... Physician Resilience Code Physical ... Medical Clinic Resilience Imaging Medical Clinic Corporate Properties Inc Real Estate Agency Ed Carriere MD Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Parking Lot & Garage Tanning Salon Daycare Center Locksmith

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

1,551

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 80112, CO

35,713

Population

16,874

Households

2.1

Avg Household Size

36

Median Age

62%

College-Educated

97%

High-School Grad

17.8 sq mi

ZIP Area

2,006

Density / Sq Mi

$107,504

Median Household Income

$61,944

Median Earnings

$1,948

Median Rent

$627,500

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?

Flex space - Modern end cap flex office with three-sided glass and move-in-ready office/light industrial layout.

Where is this flex space located?

The property is located at 99 INVERNESS DR E Englewood, CO.

What is the asking price?

The asking price for this property is $2,744,000.

What are key features of this property?

This property features: Modern end cap flex office space built in 1980; Three‑sided glass for abundant natural light; Move‑in‑ready office/light industrial layout