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    10371 Parkglenn Way Parker, CO 80138
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    Property profile & analytics

    10371 Parkglenn Way Parker, CO 80138

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    • Medical Office Space
    • 33,678 SF
    • 1.18 lot acres
    For Lease
    $4,740,000
    View Listing →
    Office Space Available For Lease For Lease
    $4,740,000

    Office Space Available For Lease

    Office property available for lease in Parker, Colorado.

    10371 Parkglenn Way, Parker, CO 80138
    View Listing
    Property ID
    US13-0504072
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parker Healthcare Center / Medical Clinic
    • Mountainview Periodontics / Dental Office
    • Dr. Maryanne B. Butler, DDS / Dental Office
    • Tatarko Olga DDS / Dental Office
    • Thomas L. Thomasson, DDS (formerly Southlands Dental Asssociates) / Dental Office

    Property Details for 10371 Parkglenn Way

    Year built
    1999
    Lot size
    1.18 lot acres
    Property size
    33,678 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    R0401419
    APU
    R0401419

    Description

    This exceptional 4,430 square foot medical office building in Douglas County offers a prime 1,781 square foot suite currently available for lease. The building boasts a beautifully maintained interior, featuring an attractive lobby recently updated with a new digital tenant directory. Its excellent visibility is enhanced by prominent monument signage on Parker Road, ensuring high traffic and brand recognition. The location is highly convenient, situated within minutes of the Parker RTD Park-n-Ride, providing easy access for both staff and patients. The building caters exclusively to medical tenants, prioritizing a secure environment with 24/7 access. Enjoy stunning western views of the Rocky Mountains, adding a tranquil and inspiring atmosphere to your practice. The building's parking ratio is 4.5 spaces per 1000 square feet, ensuring ample parking for patients and staff. This is a rare opportunity to secure a well-appointed medical office space in a thriving location, just 1.5 miles from Parker Adventist Hospital. The suite is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.766
    Latitude
    39.5287
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $208,604
    $128,630
    $2,408,330
    $2,536,960
    -
    $461,039
    $8,632,020
    $9,093,059

    Comparable in this City

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    • Value Estimation
      $2,730,000
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      10168 Parkglenn Way

      MEDICAL BUILDING • 15,818 SF
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    • Value Estimation
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      10345 Parkglenn Way Ste, Unit 100

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    • Value Estimation
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      88,280 SF

      9397 Crown Crst Blvd

      MEDICAL BUILDING • 88,280 SF
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      View Details

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      Healthcare Property for Lease

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      Available medical/office space near Parker Adventist and Children’s Hospital.
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      Parker Medical Office Building For Sale

      Two-story medical office building in Parker, Colorado with ample parking.
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      Parker Medical Office Opportunity

      Medical office building for lease or purchase in Parker, Colorado.
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      Medical Office Space Near Hospital

      Medical office space adjacent to Parker Adventist Hospital.
      9395-9399 Crown Crest Blvd, Parker, CO 80138
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      Office Space Available For Lease

      Office property available for lease in Parker, Colorado.
      10371 Parkglenn Way, Parker, CO 80138
      View Details
    View Listing
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    Parker, CO 80138
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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