7940 University BlvdCentennial, CO 80122

Property Details for 7940 University Blvd

Year built

1999

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,870 SF

Property type

Office properties

Property subtype

Office buildings

APN

2077-36-3-30-009

APU

207736330009

Description

This exceptional 3,928-square-foot vacant office condo presents a unique investment opportunity in Littleton, Colorado. Located at 7940 S University Blvd, this single-story, Class B building boasts a prime location within Arapahoe County, zip code 80122. Built in 1999, the property sits on a 0.14-acre lot and is zoned MU-PUD. The unit features a spacious lobby/reception area, a large conference room complete with a bar area, and multiple entrances, making it ideal for subleasing. Additional amenities include a utility and storage room, a breakroom, and two restrooms. Abundant natural light fills the space, and the property offers direct access to nearby walking trails and a natural area. A significant improvement is underway: a new parking lot expansion is scheduled for completion in Summer 2024, enhancing the property's appeal and functionality. The asking price is $995,000. This is a single-unit, vacant property with 3,928 square feet of net rentable space. The property's APN is 2077-36-3-30-009. Don't miss this chance to acquire a well-located, versatile office space with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $351,811

  6.5%

  $324,749

  7%

  $301,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,495

  Geo Method

  $154,499

• Alternative Use

  Use

  Valuation

  Residential

  $402,688

  Hospitality

  $368,860

  Educational

  $306,887

  Medical

  $317,442

  Retail

  $477,380

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.573

Longitude

-104.959

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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