88 Inverness CirEnglewood, CO 80112

Property Details for 88 Inverness Cir

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

872 SF

Property type

Office buildings

APN

2075-35-2-14-016

APU

207535214016

Description

This exceptional Class A office condo, located at 88 Inverness Circle East, Unit I-103 in Englewood, Colorado, presents a unique owner-user investment opportunity. Boasting 1,196 square feet of meticulously designed space, this unit is currently 100% occupied within a 14-building complex situated in the heart of Inverness, adjacent to the Inverness Golf Course. Built in 2005, the property offers a blend of creative, executive, and traditional office styles, catering to diverse business needs. The unit features 10-foot ceilings, operable windows for natural light and ventilation, and individually controlled HVAC systems for optimal comfort. Ample on-site parking is provided, with a ratio of 4 spaces per 1,000 square feet. Its prime location offers easy access to major thoroughfares, including Arapahoe Road, I-25, and I-225, ensuring convenient commuting for employees and clients. The complex provides amenities typically found in larger office parks, such as private entrances and building signage, enhancing the professional image and operational efficiency of the business. The asking price is $376,740, translating to $315 per square foot. The total net rentable area is 3,671 square feet. This property offers a compelling combination of location, amenities, and functionality, making it an ideal investment for businesses seeking a high-quality, well-maintained office space in a desirable location. The property is zoned for office use.

• CAP approach

  CAP return

  Valuation

  6%

  $190,736

  6.5%

  $176,064

  7%

  $163,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,045

  Geo Method

  $72,045

• Alternative Use

  Use

  Valuation

  Residential

  $218,320

  Hospitality

  $199,980

  Educational

  $166,381

  Medical

  $172,103

  Retail

  $258,814

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.5766

Longitude

-104.862

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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