5 University Ln Greenwood Village, CO 80121
- Commercial real estate
- 100,188 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5 University Ln
- Property size
- 100,188 SF
- Property type
- Commercial real estate
- APN
- 207714102011
Description
This exceptional 100,188 square foot mixed-use land parcel presents a compelling investment opportunity in Greenwood Village, Colorado. Located at 5 E University LN, 80121, this Class A property boasts a stabilized investment profile with a pro-forma cap rate of 3.00% and a pro-forma NOI of $45,000. The asking price is $2,450,000, translating to $24.45 per square foot. The land value alone is assessed at $24.95 per square foot. The property is currently vacant, offering significant development potential. The zoning designation is 08005C0452, allowing for a range of commercial and residential uses. The site features 100,188 square feet of air rights. While a survey is unavailable, the lot size is confirmed at 100,188 square feet. The net rentable area is 50,000 square feet. Lease options are available, providing flexibility in terms of square footage and lease duration. This property is offered with 100% ownership and presents a unique chance to capitalize on favorable demographics and the potential for increased land value and income generation. The APN is 207714102011. Consider this prime location in Arapahoe County for your next development project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood Village
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9615733
- Latitude
- 39.6208023
