372 Inverness S Dr Englewood, CO 80112-5899
- Assisted living facilities
- 47,751 SF
- 5.86 lot acres
Current Use by Public Records
- Reunion Rehabilitation Hospital Inverness / Physical Therapy Clinic / Occupational Health Service
Property Details for 372 Inverness S Dr
- Year built
- 2021
- Lot size
- 5.86 lot acres
- Property size
- 47,751 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- R0610281
- APU
- R0610281
Description
This exceptional Class A medical office building presents a compelling investment opportunity. Located at 372 Inverness Dr S, Englewood, CO 80112, this 49,106 square foot, three-story facility is a fully occupied, 40-bed inpatient rehabilitation hospital. Built in 2022, the property boasts a 22.3-year remaining lease term (expiring February 28, 2047) with a corporate guarantee from Reunion Rehabilitation Hospital Inverness, LLC. The lease is an Absolute NNN structure, featuring a 2% year-over-year rent increase. Two five-year lease options are included, maintaining the 2% annual increase. The property sits on a 3-acre lot and offers ample parking (98 spaces per 1,000 sq ft). The building is zoned for Planned Development and features modern amenities including private rooms, therapy gyms, an outdoor courtyard, a café, and family meeting areas. This stabilized investment offers significant long-term value in a high-demand location within the affluent Inverness/Denver Tech Center area. The property is offered fee simple, free and clear of debt. The building's location provides access to a substantial population base, with 210,000 residents within a 5-mile radius and an average household income of $146,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,840,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,215,000
- 6.5%
- $3,305,000
- 7%
- $3,410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,510,000
- Geo Method
- $3,055,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,360,000
- Retail
- $3,360,000
- Mixed-Use
- $3,520,000
- Hospitality
- $3,925,000
- Educational
- $3,180,000
- Residential Income
- $3,100,000
- Energy
- $3,800,000
- Income-Based Land
- $3,850,000
- Food Service
- $3,190,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Douglas
- State
- Colorado
- Longitude
- -104.864
- Latitude
- 39.5607
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA