3540 Poplar StDenver, CO 80237

Property Details for 3540 Poplar St

Year built

1974

Construction

CONCRETE

Lot size

1.16 AC

Property size (Sq ft)

24,448 SF

Zone code

S-MX-3

Property type

Office buildings

APN

07051-10-025-000

APU

705110025000

Description

This exceptional three-story, Class B medical office building, located at 3540 S Poplar St in Denver, Colorado's Hampden Corridor, offers a rare opportunity for medical professionals. The 22,562 square foot building, constructed in 1974 and extensively renovated in 2017, boasts 1,880 square feet of immediately available space, divided into two suites ranging from 1,526 to 1,636 square feet. The building currently enjoys 100% occupancy, a testament to its desirability. Recent upgrades include a complete overhaul of the common areas, modernized lighting and HVAC systems, and refurbished elevator cabs and mechanics. The parking lot has been resurfaced, and the roof has been replaced. Improvements also include a redesigned first-floor common area restroom and ADA-compliant entry from the parking lot. The building provides ample parking with a ratio of 4.2 spaces per 1,000 square feet. One elevator serves all three floors. This prime location offers excellent signage opportunities and convenient access, situated near Southmoor Park in Denver County, zip code 80237. This is a unique chance to acquire space in a well-maintained, highly sought-after medical office building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,165,786

  6.5%

  $4,768,417

  7%

  $4,427,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,606,443

  Geo Method

  $2,019,894

• Alternative Use

  Use

  Valuation

  Residential

  $5,912,838

  Hospitality

  $5,416,127

  Educational

  $4,506,154

  Medical

  $4,661,128

  Retail

  $7,009,574

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6522

Longitude

-104.904

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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