9299 BroadwayHighlands Ranch, CO 80129

Property Details for 9299 Broadway

Year built

2008

Lot size

0.70 AC

Property size (Sq ft)

5,984 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

R0408739

APU

R0408739

Description

This single-story, 5,984-square-foot medical office building, constructed in 2008, is situated on a 0.69-acre lot at 9299 S. Broadway in Highlands Ranch, Colorado, zip code 80129. Currently, the building has 30.73% occupancy, with a projected full occupancy date of May 1, 2024. The property features 25 parking spaces (a ratio of 4.16 per 1,000 square feet) and is one of only four office buildings in Highlands Ranch ranging from 5,000 to 10,000 square feet. The asking price is $2,999,950, translating to $501.33 per square foot. A significant portion of the building, 4,145 square feet, is currently available for an owner-user or tenant. This Class A building presents a unique investment opportunity in a highly sought-after, undersupplied office market in South Denver. The property's ideal location near South Broadway and Highlands Ranch Parkway offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,127,489

  6.5%

  $1,040,759

  7%

  $966,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,742

  Geo Method

  $494,398

• Alternative Use

  Use

  Valuation

  Residential

  $1,290,541

  Hospitality

  $1,182,129

  Educational

  $983,517

  Medical

  $1,017,342

  Retail

  $1,529,916

Location Insight

City

Highlands Ranch

County

Douglas

State

Colorado

Latitude

39.5463

Longitude

-104.993

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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