7185 Tucson WayCentennial, CO 80112

Property Details for 7185 Tucson Way

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.65 AC

Property size (Sq ft)

10,398 SF

Property type

Office properties

Property subtype

Office buildings

APN

2075-25-4-21-001

APU

207525421001

Description

This exceptional 13,695 square foot office building, situated on a 1.65-acre lot in Centennial, Colorado, presents a unique owner-user or investment opportunity. Built in 1998 and extensively renovated in 2013 (including a new roof, stucco, and parking lot), this two-story Class B property boasts a flexible layout ideal for various uses, including creative office, medical office, or traditional office space. The building features 15 individual offices, a conference room, two breakrooms, and a media room. A notable feature is the inclusion of laboratory space with a grade-level roll-up door. The floor plan comprises approximately 2,667 square feet on the second floor, 7,145 square feet on the first floor, and 3,570 square feet in a garden-level basement. This property is strategically located in the Dove Valley submarket, close to Centennial Airport, Boom Supersonic headquarters, and the Denver Broncos headquarters, offering excellent access to amenities such as Cornerstar Shopping Center and Centennial Center Park. Its proximity to Arapahoe Road and I-25 ensures easy commutes throughout the Denver Metro Area. The asking price is $2,599,999, translating to $189.85 per square foot. The property is currently vacant, allowing for immediate occupancy and customization to suit a new owner's needs. The Centennial Airport Center HOA provides additional community support. Expansion potential on the existing site offers future growth opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,274,398

  6.5%

  $2,099,444

  7%

  $1,949,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $859,083

  Geo Method

  $859,083

• Alternative Use

  Use

  Valuation

  Residential

  $2,603,311

  Hospitality

  $2,384,619

  Educational

  $1,983,975

  Medical

  $2,052,207

  Retail

  $3,086,184

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.5855

Longitude

-104.836

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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