5730 Otero AveCentennial, CO 80112

Property Details for 5730 Otero Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.62 AC

Property size (Sq ft)

10,880 SF

Property type

Retail properties

Property subtype

Strip malls

APN

2075-32-3-28-002

APU

207532328002

Description

This exceptional value-add opportunity presents a 11,004 square foot shopping center in Centennial, Colorado's thriving Foxridge Plaza. The property, built in 1985, consists of a single building situated on a 27,190 square foot lot and features eight units, currently 65% occupied. Five retail spaces and one office space are currently leased to a diverse mix of established businesses including Inle Massage, Denver Doll Emporium, Kumon School, Colorado School of Acting, Brixton Barbers, and State Farm. An additional 3,844 square feet of office space is available for lease, presenting a significant opportunity for increased revenue. The property boasts 37 parking spaces, including covered parking, and benefits from a prime location with easy access from Holly Street and County Line Road. The existing Modified lease structure offers the potential for significant cash flow improvement through a transition to NNN leases. Prominent building and monument signage, along with the synergistic benefits of being located within a King Soopers anchored retail center, further enhance the property's appeal. This investment presents a compelling opportunity for both value-add investors seeking to increase revenue and property value, and owner-users looking to occupy available space while generating income from existing tenants. The asking price is $2,100,000, translating to $190.84 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $3,498,347

  6.5%

  $3,229,244

  7%

  $2,998,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,265,242

  Geo Method

  $2,265,242

• Alternative Use

  Use

  Valuation

  Residential

  $2,723,988

  Hospitality

  $2,495,158

  Educational

  $2,075,942

  Medical

  $2,147,337

  Retail

  $3,229,244

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.5684

Longitude

-104.921

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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