6568 Racine CirCentennial, CO 80111

Property Details for 6568 Racine Cir

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.14 AC

Property size (Sq ft)

12,697 SF

Zone code

AMU

Property type

Office properties

Property subtype

Office buildings

APN

2075-24-3-17-004

APU

207524317004

Description

This exceptional two-story office building, located at 6568 S. Racine Circle in Centennial, Colorado, presents a unique opportunity for businesses seeking a versatile and well-maintained workspace. Spanning 12,697 square feet, the property offers a spacious and functional interior layout ideal for a single tenant. The building is classified as Class B and is situated in Arapahoe County. A significant advantage is the ample parking provision, with 54 spaces available for employees and visitors. The property also features a large outdoor patio, providing a pleasant outdoor area for employees or clients. The interior is in excellent condition and includes negotiable furniture and workstations, offering a turnkey solution for immediate occupancy. This significantly reduces the upfront costs and time associated with setting up a new office space. The building's location within a thriving business community in Centennial ensures easy access to amenities and a strong network of potential clients and partners. This property is perfect for a company seeking a move-in ready, well-equipped office space in a desirable location. The sale or lease of this property presents a compelling investment opportunity in a robust commercial market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,724,596

  6.5%

  $2,515,012

  7%

  $2,335,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,049,026

  Geo Method

  $1,049,026

• Alternative Use

  Use

  Valuation

  Residential

  $3,118,614

  Hospitality

  $2,856,634

  Educational

  $2,376,686

  Medical

  $2,458,424

  Retail

  $3,697,067

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.5979

Longitude

-104.843

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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