7208 Tucson Way Centennial, CO 80112
- Office buildings
- 23,184 SF
- 1.38 lot acres
Current Use by Public Records
- New Frontier Communications / Cell Phone Store / Consultant
Property Details for 7208 Tucson Way
- Year built
- 1982
- Construction
- FRAME
- Lot size
- 1.38 lot acres
- Property size
- 23,184 SF
- Zone code
- PUD
- Property type
- Office buildings
- APN
- 2075-25-4-04-004
- APU
- 207525404004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,530,000
- 6.5%
- $2,565,000
- 7%
- $2,560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,435,000
- Geo Method
- $2,250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,270,000
- Retail
- $2,015,000
- Mixed-Use
- $2,540,000
- Hospitality
- $2,095,000
- Educational
- $1,960,000
- Residential Income
- $2,595,000
- Energy
- $2,450,000
- Income-Based Land
- $2,370,000
- Food Service
- $2,400,000
Location Insight
- Map
- Local Demand
- City
- Centennial
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.835
- Latitude
- 39.5858
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
