5055 Kentucky AveDenver, CO 80246

  • Healthcare properties
  • 5,656 SF
For Lease
$27/SF/YR View listing

Property Details for 5055 Kentucky Ave

Year built
1969
Construction
WOOD
Lot size
0.50 AC
Property size (Sq ft)
5,656 SF
Zone code
S-MX-3
Property type
Healthcare properties
Property subtype
Medical offices
APN
06184-12-005-000
APU
618412005000

Description

This exceptional 1,088-square-foot medical office suite is ideally located at 5055 E Kentucky Ave, Denver, CO 80246, within the desirable Cherry Creek, Glendale, Hilltop, Virginia Village submarket. Situated in a single-story, 5,500-square-foot building constructed in 1969 and extensively renovated in 2020, this suite boasts excellent natural light and high visibility. The space features a welcoming waiting room, a dedicated laboratory area, and a private office, perfect for a physician or medical professional. The property offers convenient on-site parking, a significant advantage in this vibrant area. The suite's 8-foot ceilings contribute to a spacious and comfortable atmosphere. While there is no elevator, the single-story building ensures easy accessibility. This single-tenant occupancy presents a unique opportunity for a medical practice seeking a well-maintained, conveniently located space with strong curb appeal. The property's location provides easy access to major thoroughfares and is near the intersection of E Kentucky Ave and Cherry Street. This turnkey medical office suite is ready for immediate occupancy. The property benefits from its location in a thriving Denver submarket known for its high concentration of medical facilities and strong patient demographics.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,213,697
    6.5%
    $1,120,336
    7%
    $1,040,312
  • Comparable approach

    Method
    Valuation
    Relative Method
    $467,299
    Geo Method
    $467,299
  • Alternative Use

    Use
    Valuation
    Residential
    $1,389,217
    Hospitality
    $1,272,515
    Educational
    $1,058,718
    Medical
    $1,095,128
    Retail
    $1,646,894
5055 Kentucky Ave, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7005
Longitude
-104.928
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
2023
$20,073
$111,990
$147,060
$259,050
-
$431,400
$527,100
$958,500

FAQs

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