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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Strip malls
20209 Smoky Hl Rd Centennial, CO 80015-3104
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0838505
Property summary
AI-generated overview
This exceptional Class A retail space, totaling 1,167 square feet, is situated within the vibrant Smoky Hill Town Center at 20209 E Smoky Hill Rd, Centennial, CO 80015. Built in 2003, this property is part of a three-building complex offering a total of 7,859 square feet of retail space. The space is immediately available and features a minimum divisible space of 1,167 square feet, with a maximum contiguous space of 1,167 square feet. The property boasts a desirable Planned Unit Development (PUD) zoning. Benefit from a strong national tenant co-tenancy, anchored by the newly opened VASA Fitness and Big Blue Swim School, attracting high-income demographics. Enjoy convenient proximity to the Southlands Mall, enhancing visibility and foot traffic. This location offers a compelling opportunity for businesses seeking a high-profile space in a thriving community. The address is easily accessible via the cross street, Himalaya. This space is perfect for a variety of businesses seeking a well-located, modern retail space in a high-traffic area. The property's prime location and strong tenant mix make it an ideal investment opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,180 SF
Lot
1.2 ac (52,272 SF)
Zoning code
AMU
APN
2073-14-3-34-002
UPID
US13-0838505
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.14M
Owner & transaction history
Cse 3 LLC · 21 yrs held
Cse 3 LLC
since 2004
2 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Restaurant
$5.0M
+40.6%
Auto repair, garage
$4.2M
+20.1%
Retail stores
$3.6M
+1.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,525,000
Current use
RESTAURANT
$4,960,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,235,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$3,560,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$3,140,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,955,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$308 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$62,268
Tax year 2021
Assessed value
$580,599
Assessed 2023
Previous assessed
$644,960
-10.0% YoY
Effective rate
10.72%
On assessed value
Land market value
$1,048,118
Improvement market value
$1,062,882
Total market value
$2,111,000
Applied tax rate
778.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
20
Total area
10,180 SF
Lot
1.2 ac (52,272 SF)
Zoning code
AMU
APN
2073-14-3-34-002
UPID
US13-0838505
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, COZoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
20
Lot
1.2 ac
Current owner
From public records · entity-resolved
Cse 3 LLC
Entity
Mailing address
43 INVERNESS DR E, ENGLEWOOD, CO 80112-5412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2014
—
Cse 2 LLC
—
Grant Deed
related
$7,460,000 · S&t Bk
Aug 20, 2004
—
Cse 3 LLC
Cse 1 LLC
Quit Claim Deed
related
$2,600,000 · General Electric Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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