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    FOR SALE
    Medical Office Space

    10168 Parkglenn Way, Parker, CO 80138

    15,818 SF 1.35 ac lot Built 2008
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US13-2307158
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 10168 Parkglenn Way in Parker, Colorado, presents a unique investment or owner-user opportunity. The 20,078 square foot building, constructed in 2009, sits on a 1.71-acre lot and features a desirable stucco and stone exterior. Currently 100% occupied by a credit-rated tenant under a NNN lease expiring October 31, 2025, offering a remaining lease term of approximately 0.9 years. The property boasts ample parking (6.46 spaces per 1,000 square feet, totaling 98 spaces) and a complete medical build-out, including extensive plumbing infrastructure for exam rooms, medical imaging, and a pharmacy. The building is zoned Planned Development and offers 15,164 square feet of net rentable space. The asking price is $4,852,000, representing a price per square foot of $241.66 and a 9.87% cap rate with a current NOI of $478,901. This presents a compelling opportunity for an owner-user to occupy the space after the current lease expires or for an investor to reposition the property for multi-tenant or single-tenant occupancy. The property's location in a coveted suburban area with walkable amenities adds to its appeal. The property's APN is 2233-151-05-020 and 2233-151-05-019.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2008
    Total area 15,818 SF
    Lot 1.35 ac (58,806 SF)
    APN R0496860
    UPID US13-2307158
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pharmacy | Kaiser Permanente Parker Medical Office Pharmacy
    • Scott Anthony Isbell, MD | Kaiser Permanente Pediatrician Physician
    • Steven Brett Wolkenberg, MD | Kaiser Permanente Pediatrician Physician
    • Carly Greene Physician
    • Anne Heenan, MD | Kaiser Permanente Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.49M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.73M
    Owner & transaction history
    Kaiser Foundation Health Plan INC · 4 yrs held
    Kaiser Foundation Health Plan INC
    since 2021
    3 recorded transactions
    2021
    2016
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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