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    Property profile & analytics

    6650 Vine St Centennial, CO 80121

    • Medical offices
    • 28,167 SF
    • 1.22 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Sep 09, 2021
    $1,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0240528
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 6650 Vine St

    Year built
    1975
    Construction
    FRAME
    Lot size
    1.22 lot acres
    Property size
    28,167 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2077-23-4-01-042
    APU
    207723401042

    Description

    This Centennial, Colorado office building, known as the Southglenn Professional Center, offers a variety of spaces ideal for various business needs. Located at 6650 S Vine St, 80121, this Class B property boasts 28,219 square feet across three stories within a single building on 1.22 acres. The building, constructed in 1974 and renovated in 2021, features 20 total suites, with a minimum divisible space of 638 square feet and a maximum contiguous space of 3,429 square feet. Currently, 5,855 square feet are available for lease. The property includes ample parking with 85 spaces, providing a ratio of 3.02 spaces per 1,000 square feet. Two passenger elevators serve the building. Building amenities include 24-hour access, prominent signage opportunities, and a security system. The property is zoned B-2 and its APN is 2077-23-4-01-042. The versatile space is suitable for medical, creative, executive, and traditional office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.963
    Latitude
    39.5963
    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
    $68,677
    $0.00
    $0.00
    $551,862
    -
    $1,062,860
    $945,140
    $2,008,000

    Comparable in this City

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      5990 University Blvd

      MEDICAL BUILDING • 4,824 SF
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    • Value Estimation by Request
      4,233 SF

      Centennial, CO 80121

      HOMES (RETIRED, NURSING) • 4,233 SF
      Centennial, CO 80121
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    • Value Estimation
      $19,630,000
      205,026 SF

      6675 Holly St

      HOMES (RETIRED, NURSING) • 205,026 SF
      6675 Holly St, Centennial, CO 80121-3588
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    • Value Estimation
      $7,835,000
      72,526 SF

      6005 Holly St

      HOMES (RETIRED, NURSING) • 72,526 SF
      6005 Holly St, Centennial, CO 80121-3460
      View Details
    • Value Estimation
      $39,885,000
      379,096 SF

      5500 Peakview Ave

      HOMES (RETIRED, NURSING) • 379,096 SF
      5500 Peakview Ave, Centennial, CO 80121-3539
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      28,219 SF

      Southglenn Professional Center Office Suites

      Centennial, CO office space for lease. Multiple suites available.
      6650 Vine St, Centennial, CO 80121
      View Details
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      Littleton Office Spaces For Lease

      Office spaces for lease with ample parking in prime location.
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      Littleton Office Space For Lease

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    • Contact for pricing
      1,725 SF

      Littleton Retail Spaces for Lease

      Multiple retail spaces available for lease in Littleton, Colorado.
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      Retail Space Available For Lease

      Retail space suitable for various businesses, available for lease.
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      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Littleton

      Retail space available for lease in Littleton, Colorado.
      100 W Littleton Blvd, Littleton, CO 80121
      View Details
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    6650 Vine St
    Centennial, CO 80121
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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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