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    6041 S Syracuse Way Greenwood Village, CO 80111
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    Property profile & analytics

    6041 S Syracuse Way Greenwood Village, CO 80111

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    • Office buildings
    • 56,900 SF
    • 2.49 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Greenwood Village Office Space Available For Lease
    $23 SF/Yr
    3,662 SF

    Greenwood Village Office Space Available

    Office space available for rent in Greenwood Village, Colorado.

    6041 S Syracuse Way, Greenwood Village, CO 80111
    View Listing
    Property ID
    US13-1203637
    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

    • Office buildings

    Property Details for 6041 S Syracuse Way

    Year built
    1984
    Construction
    FRAME
    Lot size
    2.49 lot acres
    Property size
    56,900 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    2075-21-2-11-002
    APU
    207521211002

    Description

    Syracuse Hill II, located at 6041 S Syracuse Way in Greenwood Village, CO 80111, offers prime executive office space for lease. This three-story building, totaling 55,886 square feet, underwent renovations in 2019 and boasts a modern aesthetic. The property sits on a 2.49-acre lot and provides ample parking with 159 spaces. Multiple tenancy options are available, with spaces ranging from a minimum of 1,870 square feet to a maximum contiguous space of 4,325 square feet. Currently, 20,798 square feet of space is vacant and ready for immediate occupancy. The building features convenient elevators for easy access to all floors. Built in 1985, Syracuse Hill II is ideally situated in Arapahoe County, offering easy access to major transportation routes and amenities. This executive office space presents a unique opportunity for businesses seeking a modern, well-maintained, and conveniently located workspace. The property's size and flexible space options cater to a variety of business needs, from small startups to established companies. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,105,000
      Market price range: $8.11M - $13.9M
      AI Estimate
      $7,418,000
      Market price range: $7.42M - $13.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,820,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood Village
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.901
    Latitude
    39.6046
    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
    2021
    $119,053
    $0.00
    $0.00
    $1,482,048
    -
    $2,171,040
    $3,170,960
    $5,342,000

    Comparable in this City

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      80,001 SF

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      View Details
    • Value Estimation by Request
      231,696 SF

      6312 Fiddlers Grn Cir

      OFFICE BUILDING • 231,696 SF
      6312 Fiddlers Grn Cir, Greenwood Village, CO 80111-4943
      View Details
    • Value Estimation
      $1,220,000
      5,804 SF

      6070 Greenwood Plz Blvdb

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 5,804 SF
      6070 Greenwood Plz Blvdb, Greenwood Village, CO 80111-4802
      View Details
    • Value Estimation
      $15,760,000
      115,520 SF

      5670 Greenwood Plz Blvd

      OFFICE BUILDING • 115,520 SF
      5670 Greenwood Plz Blvd, Greenwood Village, CO 80111-2448
      View Details
    • Value Estimation
      $10,600,000
      77,720 SF

      7000 Belleview Ave

      OFFICE BUILDING • 77,720 SF
      7000 Belleview Ave, Greenwood Village, CO 80111-1617
      View Details
    • Value Estimation by Request
      222,833 SF

      Englewood, CO 80111

      OFFICE BUILDING • 222,833 SF
      Englewood, CO 80111
      View Details

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      Solarium For Sale

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      Class A Office Space

      Class A office space in amenity-rich Denver Tech Center.
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      Greenwood Village Office Building

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      54,496 SF

      Greenwood Village Office Building

      Two-story, 52,931 SF office building with data center.
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      Greenwood Village Office Space Available

      Office building in Greenwood Village with easy access to I-25.
      6021 S Syracuse Way, Greenwood Village, CO 80111
      View Details
    • Contact for pricing

      Professionally Managed Office Building

      Professionally managed office building with easy access to I-25.
      7340 E Caley Ave, Centennial, CO 80111
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      18,160 SF

      Englewood Office Space Available

      Office building in Englewood, Colorado with 18,160 square feet.
      5290 Dtc Pkwy, Englewood, CO 80111
      View Details
    • Contact for pricing

      Prime Office Space in DTC

      Highly visible and accessible office space in Denver Tech Center.
      5105 Dtc Pkwy, Greenwood Village, CO 80111
      View Details
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      Office Space Available For Lease

      Office building available for lease in Greenwood Village, Colorado.
      6041 South Syracuse Way, Greenwood Village, CO 80111
      View Details
    View Listing
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    Greenwood Village, CO 80111
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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.

    More about this property
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