Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8959 Dry Crk Rd Centennial, CO 80112-2765
    Back to Search
    Property profile & analytics

    8959 Dry Crk Rd, Centennial, CO 80112-2765

    View on Map
    • Drug stores
    • 14,605 SF
    • 1.63 lot acres
    Off-Market
    Last Sale Apr 19, 2021
    $6,000,000
    Property ID
    US13-2747330
    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
    $5,950,000
    Show details
    Cap Rate Potential
    3%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 8959 Dry Crk Rd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.63 lot acres
    Zone code
    AMU
    Property type
    Drug stores
    APN
    2075-27-3-25-001
    APU
    207527325001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 19, 2021 $6,000,000 4 Seam LLC 8959 Centennial LLC Special Warranty Deed —
    Apr 19, 2021 $749,700 8959 Centennial LLC Inntel Corporation Of America Special Warranty Deed —
    Feb 16, 2007 $4,600,000 Inntel Corp Of America Creek Development Group LLC Special Warranty Deed $2.7M · Fidelity Bank
    Oct 16, 2006 — Creek Dev Group LLC — Trustees Deed · related $3.3M · Colorado Capital Bank
    Mar 27, 2006 — Creek Dev Group LLC Lima-lincoln Executive Center Quit Claim Deed · related —
    Dec 14, 2005 $2,400,000 Lima-lincoln Executive Center Jc Penney Corp INC Grant Deed $2.3M · Colorado Capital Bank
    Jul 7, 2005 $6,100,000 J C Penney Corp INC Lindley Garden Apartments-1 Ll Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,212,000
      Market price range: $2.66M - $6.85M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,695,000
      Current use
      OFFICE BUILDING
      $6,195,000
      Change: +32% Conversion: Easy
      RESTAURANT
      $5,975,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,850,000
      Change: +25% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,740,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,725,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,540,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.885
    Latitude
    39.5811
    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
    $97,391
    $0.00
    $0.00
    $1,071,360
    -
    $1,420,060
    $2,449,940
    $3,870,000

    Comparable in this City

    • Value Estimation
      $4,850,000
      12,928 SF

      8151 Quebec St

      DRUG STORE, PHARMACY
      8151 Quebec St, Centennial, CO 80112-3187
      View Details
    • Value Estimation
      $8,600,000
      17,340 SF

      6920 Jordan Rd

      SHOW ROOM, WAREHOUSE
      6920 Jordan Rd, Centennial, CO 80112-4265
      View Details
    • Value Estimation
      $1,685,000
      3,336 SF

      13404 Broncos Pkwy

      SHOW ROOM, WAREHOUSE
      13404 Broncos Pkwy, Englewood, CO 80112-4519
      View Details
    • Value Estimation
      $13,885,000
      25,108 SF

      9632 Arapahoe Rd

      RETAIL STORES (PERSONAL SERVICES)
      9632 Arapahoe Rd, Greenwood Village, CO 80112-3703
      View Details
    • Value Estimation
      $1,175,000
      4,259 SF

      11277 Arapahoe Pl

      FINANCIAL BUILDING
      11277 Arapahoe Pl, Centennial, CO 80112-3736
      View Details
    • Value Estimation
      $8,170,000
      43,048 SF

      7475 Arapahoe Rd

      RETAIL STORES (PERSONAL SERVICES)
      7475 Arapahoe Rd, Centennial, CO 80112-1446
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,900 SF

      Englewood Retail Space Available

      Retail space available for rent in Englewood, Colorado.
      8141 E Arapahoe Rd, Englewood, CO 80112
      View Details
    • Contact for pricing
      12,438 SF

      Former Food Hall and Brewery

      Former food hall and brewery near Denver Tech Center.
      6575 Greenwood Plaza Blvd, Greenwood Village, CO 80112
      View Details
    • $424,000

      Office/Warehouse Flex Space For Sale

      Office/warehouse flex space, ideal for small business or investment.
      13853 E Briarwood Ave E B3, Englewood, CO 80112
      View Details
    • $424,000
      1,157 SF

      Office/Warehouse Flex Space For Sale

      Office/warehouse flex space, ideal for small business or investment.
      13853 E Briarwood Ave E, Englewood, CO 80112
      View Details
    • $269,000
      755 SF

      Garage Unit at Mancaves of Dove Valley

      Rare garage unit suitable for vehicle enthusiasts or light industrial.
      13303 E Adam Aircraft Cir, Englewood, CO 80112
      View Details
    • Contact for pricing
      140,416 SF

      Englewood Retail Property for Sale

      Retail property available for sale in Englewood, Colorado.
      9785 Maroon Cir, Englewood, CO 80112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Pharmacy Space For Rent

      Former pharmacy space with excellent visibility and monument signage.
      11405 E Briarwood Ave, Englewood, CO 80112
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Centennial Corridor

      Retail space available in a redeveloped shopping center.
      8223 S Quebec St, Centennial, CO 80112
      View Details
    • Contact for pricing
      1,424 SF

      Centennial Retail Space For Rent

      Retail space for lease in Centennial, Colorado.
      5730 E Otero Ave, Centennial, CO 80112
      View Details
    • $21 SF/Yr

      Centennial Retail and Office Space

      Office and retail spaces available in Centennial, Colorado.
      5730 E Otero Ave, Centennial, CO 80112
      View Details
    • Contact for pricing
      4,400 SF

      Centennial Restaurant and Retail Space

      Restaurant and retail spaces available with high traffic exposure.
      12201 E Arapahoe Rd, Centennial, CO 80112
      View Details
    • Contact for pricing
      65,000 SF

      Retail Space in Jones District

      Retail space available for lease in Centennial, Colorado.
      9300 E Mineral Ave, Englewood, CO 80112
      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.
    8959 Dry Crk Rd
    Centennial, CO 80112-2765
    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
    8959 Dry Crk Rd, Centennial, CO, 80112
    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!