11479 Pine DrParker, CO 80134

Property Details for 11479 Pine Dr

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 AC

Property size (Sq ft)

6,181 SF

Property type

Office properties

APN

R0356614

APU

R0356614

Description

This three-story, 9,300 square foot Class B office building in Parker, Colorado, presents a compelling investment opportunity. Built in 1984 and renovated in 2003, the property boasts a timeless glass design and impeccable maintenance. Currently 75% occupied across 31 units, the building offers 6,000 square feet of net rentable space, with a gross lease structure. The asking price is $2,500,000, representing a $268.82 per square foot cost and a 6.00% cap rate. Situated on a 0.518-acre lot at 11479 S Pine Dr, 80134, the building is ideally suited for various uses, including medical administration, corporate offices, legal practices, and financial services. Many leases are below market rates, providing significant potential for rental income growth. Amenities include a staffed lobby, conference room, gym, kitchen, and gazebo. The building's strong rental history and fully furnished suites add to its appeal. This is a rare opportunity to acquire a well-maintained, multi-tenant office building in a desirable Colorado location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,351,996

  6.5%

  $1,247,996

  7%

  $1,158,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,674

  Geo Method

  $510,674

• Alternative Use

  Use

  Valuation

  Residential

  $1,547,516

  Hospitality

  $1,417,516

  Educational

  $1,179,357

  Medical

  $1,219,916

  Retail

  $1,834,555

Location Insight

City

Parker

County

Douglas

State

Colorado

Latitude

39.5079

Longitude

-104.76

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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