7853 Arapahoe CtCentennial, CO 80112

Property Details for 7853 Arapahoe Ct

Year built

1981

Construction

FRAME

Lot size

1.48 AC

Property size (Sq ft)

31,590 SF

Zone code

PUD

Property type

Office buildings

APN

2075-28-2-17-006

APU

207528217006

Description

This exceptional investment opportunity presents two three-story, Class C office buildings totaling 63,180 square feet, situated on a 2.58-acre lot in Centennial, Colorado. Located on the Arapahoe Corridor, just south of the Denver Tech Center, this stabilized multi-tenant property boasts a 95% occupancy rate and a strong NOI of $421,040, yielding an 8.44% cap rate. The asking price is $4,990,000 ($78.98/sq ft). Built in 1981, these buildings feature excellent visibility and signage on Arapahoe Road, ample parking, and easy access to I-25. The property benefits from a prime location near numerous amenities, including shopping centers, restaurants, and residential areas, offering tenants convenient access to the Denver Tech Center, Cherry Creek North, and Downtown Denver. The B-1 zoning allows for flexibility, and the diverse tenant mix with smaller office suites ensures consistent cash flow and minimal vacancy downtime. This value-add opportunity presents significant potential for rent growth and management improvements, making it an attractive investment in a thriving submarket. The property includes a gross lease type and is currently operating at a high occupancy rate.

• CAP approach

  CAP return

  Valuation

  6%

  $6,909,814

  6.5%

  $6,378,290

  7%

  $5,922,697

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,609,966

  Geo Method

  $2,609,966

• Alternative Use

  Use

  Valuation

  Residential

  $7,909,078

  Hospitality

  $7,244,674

  Educational

  $6,027,484

  Medical

  $6,234,778

  Retail

  $9,376,085

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.5945

Longitude

-104.897

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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