Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    71 Panama Dr Centennial, CO 80121-2333
    Back to Search
    Property profile & analytics

    71 Panama Dr, Centennial, CO 80121-2333

    View on Map
    • Specialty properties
    • 3,655 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Dec 27, 2022
    Property ID
    US13-0240539
    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

    • Specialty properties

    Property Details for 71 Panama Dr

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.32 lot acres
    Property type
    Specialty properties
    APN
    2077-22-4-04-032
    APU
    207722404032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2022 — The Lift Lyl LLC Special Warranty Deed —
    Mar 21, 2013 $345,000 Lyl LLC Colorado Cu Warranty Deed —
    Sep 4, 2012 — Cu Colorado Chief Deputy Public Te Of Arapaho Trustees Deed · related —
    Aug 3, 2012 $328,950 Sky Petroleum LLC Public Trustee Of Arapahoe Cnty Certificate Of Purchase $400k
    — — Sky Petroleum LLC — Deed Of Trust · related $400k · Colorado Cu
    — — Sky Petroleum LLC — Deed Of Trust · related $25k · Guaranty Bank & Trust Co
    — — Sky Petroleum LLC — Deed Of Trust · related $185k · Compass Bank
    — — Sky Petroleum LLC — Deed Of Trust · related $50k · Compass Bank

    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
    Centennial
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.985
    Latitude
    39.6011
    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
    $13,438
    $0.00
    $0.00
    $291,276
    -
    $210,000
    $864,000
    $1,074,000

    Comparable in this City

    • Value Estimation by Request
      9,758 SF

      6574 Broadway

      VETERINARY, ANIMAL HOSPITAL
      6574 Broadway, Littleton, CO 80121-2372
      View Details
    • Value Estimation by Request
      1,134 SF

      3200 Orch Rd

      CHARITABLE ORGANIZATION
      3200 Orch Rd, Centennial, CO 80121-3047
      View Details
    • Value Estimation
      $2,885,000
      11,988 SF

      6631 University Blvd

      DAY CARE, PRE-SCHOOL
      6631 University Blvd, Centennial, CO 80121-2913
      View Details
    • Value Estimation
      $1,345,000
      4,367 SF

      6559 Broadway

      AUTO REPAIR, GARAGE
      6559 Broadway, Littleton, CO 80121-8018
      View Details
    • Value Estimation
      $16,840,000
      42,163 SF

      5445 Broadway

      VEHICLE SALES, RENTALS
      5445 Broadway, Littleton, CO 80121-8002
      View Details
    • Value Estimation
      $710,000
      6,300 SF

      5809 Broadway

      SHOPPING CENTER, STRIP CENTER
      5809 Broadway, Littleton, CO 80121-8087
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,081 SF

      New KinderCare Lease in Centennial

      New 15-year KinderCare absolute net lease in affluent Denver suburb.
      6631 S University Blvd, Centennial, CO 80121
      View Details
    • $6,161,000

      New KinderCare Lease in Centennial

      Brand-new KinderCare lease with annual rental increases in affluent Centennial.
      6631 S University Blvd, Centennial, CO 80121
      View Details
    • $1,150,000

      Renovated Multifamily Investment Opportunity

      Six renovated units with rental upside near Littleton High School.
      5710 S Pennsylvania St, Littleton, CO 80121
      View Details
    • $1,125,000

      Centennial Apartment Building Sold

      7-unit apartment building in Centennial, Colorado.
      5701 S Pearl St, Centennial, CO 80121
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Littleton Office Spaces For Lease

      Office spaces for lease with ample parking in prime location.
      5601 South Broadway, Littleton, CO 80121
      View Details
    • $8,118 /Mo
      8,200 SF

      Retail Space Available For Rent

      Retail space available, suitable for various businesses.
      5555 S Broadway, Littleton, CO 80121
      View Details
    • Contact for pricing
      550 SF

      Retail Space in Cherry Hills

      Retail space available in affluent Cherry Hills/Greenwood Village area.
      5900 S University Blvd, Greenwood Village, CO 80121
      View Details
    • Contact for pricing

      Retail Space in Affluent Neighborhood

      Retail space available in Littleton's affluent University & Orchard area.
      5910 South University Blvd, Littleton, CO 80121
      View Details
    • Contact for pricing

      Centennial Office/Medical Space Available

      Office and medical spaces for lease with 24-hour access.
      6650 S Vine St, Centennial, CO 80121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    71 Panama Dr
    Centennial, CO 80121-2333
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    71 Panama Dr, Centennial, CO, 80121
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!