Gas Station with Car
For Sale
$900,000
2202 W Evans Ave, Englewood, CO 80110
Commercial Sale, Englewood, CO
Property Size2,112 SF
Lot Size0.55 Acres
Price / SF$426.14
Days on Market130
Property Features for 2202 W Evans Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OTH
Subdivision
Miscellaneous
Lot features
Corner Lot, Free Standing
Elementary school
Englewood School Dist. No. 1
Middle school
Englewood School Dist. No. 1
High school
Englewood School Dist. No. 1
Standard status
Active
APN
032872560
Size
2,112 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 133 FT OF LOTS 8-10 BLK 14 EVANS PARK ESTATES
Tax Annual Amount
33967
Legal Description
N 133 FT OF LOTS 8-10 BLK 14 EVANS PARK ESTATES
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Listing Agency:
Ajax Realty Group
(303) 549-4182
Listed By:
Brett Bennett · License #40005471
(303) 770-5000
Added: May 6
Changed: Sep 8
Last Checked: Sep 12 at 9:06PM
MLS# 239782
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Englewood commercial property combines a convenience store and gas station with a separate car wash. The retail building contains 1,320 square feet, while the standalone wash facility adds 792 square feet. Eight covered fuel pumps serve the site, which occupies 0.55 acres. Improvements date to 1986 and include forced-air and natural-gas heating, central air conditioning, public water, and public sewer.
Circle K currently occupies the property under an absolute NNN lease. The asset carries a 4.8% cap rate and is positioned at 2202 W Evans Ave, just off a major thoroughfare in Englewood, Colorado. Its combination of convenience retail, fueling, and car-wash uses creates a consolidated commercial operation on one site.
Circle K currently occupies the property under an absolute NNN lease. The asset carries a 4.8% cap rate and is positioned at 2202 W Evans Ave, just off a major thoroughfare in Englewood, Colorado. Its combination of convenience retail, fueling, and car-wash uses creates a consolidated commercial operation on one site.
Key Highlights
- 1,320 sq. ft. convenience retail building
- 792 sq. ft. standalone car wash
- Eight covered fuel pumps
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,160
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,200
$763.2K
Cap Rate 7%
$545,143
$545.1K
Cap Rate 9%
$424,000
$424.0K
Market Conditions
NOI Build-Up for 2,112 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.0K $27.00/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$54.5K $25.81/SF
− OpEx
−$16.4K −$7.74/SF
NOI
$38.2K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,200
Cap Rate 7%
$545,143
Cap Rate 9%
$424,000
Alternative Uses
Best Use
Retail
$545.1K
$477.0K – $636.0K
NOI $38,160 @ 7.0% cap · market cap 4.24%
Second Best
Specialty Retail
$468.1K
$409.6K – $546.2K
NOI $32,769 @ 7.0% cap · market cap 3.64%
Theoretical Best
Multifamily LT 5
$31.36M
$27.44M – $36.58M
NOI $2,194,952 @ 7.0% cap · market cap 243.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Groceries 30%
Shops & Services 18%
Walmart
Superstores
75,571 visits/mo
0.4 miles
King Soopers
Groceries
40,500 visits/mo
0.4 miles
King Soopers Fuel Center
Shops & Services
14,908 visits/mo
0.4 miles
Circle K
Shops & Services
6,199 visits/mo
0.0 miles
KeyBank
Shops & Services
4,075 visits/mo
0.3 miles
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Gas station - Convenience retail and fueling are paired with a separate car-wash improvement.
Where is this gas station located?
The property is located at 2202 W Evans Ave Englewood, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,320 sq. ft. convenience retail building; 792 sq. ft. standalone car wash; Eight covered fuel pumps
