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10290 S Progress Way

10,035 SF 76% Leased Office Building Parker, CO 80134 $2,100,000 ($209/SF) 6.57% Cap Rate

Investment Highlights

  • 95% Occupied
  • Potential space for an Owner/User mid-2025
  • Excellent Parker Location with ample parking

Executive Summary

Two Buildings Included:
7,786 SF Office Building & 2,246 SF Flex Building with drive-in door/warehouse/yard at $209.33 PSF.
Investment Note: Current NOI of $137K at 95% Occupied and $149K at 100% Occupied.
Owner/User Note: 2,332 SF coming available 7/2025 (Tenant would like to stay but has no option to renew). This 2nd building is a rare freestanding building with a mix of office/warehouse and a 5,000 SF yard space.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,035 SF
Building Class
B
Year Built
1983
Price
$2,100,000
Price Per SF
$209
Cap Rate
6.57%
NOI
$137,972
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,893 SF
Slab To Slab
12’
Building FAR
0.23
Lot Size
1.00 AC
Zoning
Commercial - Commercial
Parking
49 Spaces (4.88 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 102
  • 496 SF
  • Office
  • Full Build-Out
  • Now

1st floor suite with a large, open reception area and a large executive size office. The executive office is large enough for a desk, plus a 4 person meeting table.

Space Size Space Use Condition Available
1st Fl-Ste 102 496 SF Office Full Build-Out Now

1st Fl-Ste 102

Size
496 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 102

Size 496 SF
Space Use Office
Condition Full Build-Out
Available Now

1st floor suite with a large, open reception area and a large executive size office. The executive office is large enough for a desk, plus a 4 person meeting table.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2233-152-04-020
Land Assessment
$88,110
Improvements Assessment
$289,790
Total Assessment
$377,900
  • Listing ID: 32559907

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 10290 S Progress Way, Parker, CO 80134

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