8100 Maplewood Ave Greenwood Village, CO 80111-4829
- Office buildings
- 52,848 SF
- 4.50 lot acres
Dec 19, 2024
Current Use by Public Records
- Office buildings
Property Details for 8100 Maplewood Ave
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 4.50 lot acres
- Property size
- 52,848 SF
- Zone code
- GTC
- Property type
- Office buildings
- APN
- 2075-21-1-33-001
- APU
- 207521133001
Description
This exceptional Greenwood Village, Colorado office portfolio, Vista 25 @ Arapahoe Station, presents a compelling value-add investment opportunity. Comprising three buildings totaling 197,991 square feet on 8.673 acres, this Class B property boasts a diverse tenant mix across 8 leases with a 54% occupancy rate and a remaining lease term of 4.2 years. Built in 1981 and renovated in 2016, the property features three to four stories, 642 parking spaces, and attractive amenities including two conference centers, a high-end fitness center with lockers and showers, and ample outdoor collaboration areas. The buildings showcase unique design elements such as covered executive parking, floor-to-ceiling windows, and elevated pillar construction. Strategically located near I-25 and the Arapahoe at Village Center Light Rail Station, the property offers convenient access to major transportation arteries and a variety of nearby amenities, including the Fiddler's Green Amphitheater, Arapahoe Entertainment District, and Landmark Center. The property is divided into two parcels, offering flexibility for both portfolio sale and potential user occupancy, particularly within the larger 8300 building. The existing tenant base includes a strong anchor tenant occupying 53,456 square feet, providing immediate income and stability. Several vacant suites ranging from 1,928 to 8,407 square feet present significant lease-up potential in a high-demand submarket, allowing for substantial value creation. This property is situated in a highly desirable area of suburban Denver, within a submarket boasting average rents exceeding $41 per square foot, offering significant upside potential for a new owner. Rent bumps are available.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,160,000
- ML approach
- $9,160,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,275,000
- 6.5%
- $9,485,000
- 7%
- $8,805,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,417,000
- AI Estimate
- $10,559,000
Market price range: $7.53M - $12.9MMarket price range: $6.89M - $12.9M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $10,050,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Greenwood Village
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.893
- Latitude
- 39.6046
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA