Contemporary Duplex
New
For Sale
$595,000
5966 Rendezvous Pkwy, Timnath, CO 80547
Residential, Timnath, CO
Property Size2,473 SF
Lot Size0.08 Acres
Price / SF$240.60
Days on Market3
Property Features for 5966 Rendezvous Pkwy
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Res
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 3, Game Room, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Laundry Room, Dining Room, Laundry Room
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Cathedral Ceiling(s), Open Floorplan, Pantry, Walk-In Closet(s), Kitchen Island, High Ceilings
Exterior features
Sprinkler System
Fencing
Fenced
Basement
Full, Partially Finished
Appliances
Gas Range, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Subdivision
Rendezvous Filing 2
Lot features
Paved, Curbs, Gutters, Sidewalks, Street Light, Alley
Elementary school
Timnath
Middle school
Timnath Middle-High School
High school
Timnath Middle-High School
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
GPS will take you to the back of the home, please park in the front of the home.
Standard status
Active
APN
R1672710
Size
2,473 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5283
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2022
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Jessica Harris · License #FA100050645
(970) 373-9459
Added: Sep 17
Last Checked: Sep 19 at 1:06AM
MLS# 1068854
Copyright © 2026 IRES MLS. 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.
Built in 2022, this contemporary duplex property provides 2,473 square feet of residential space on a 0.08-acre lot. The main living area features a vaulted great room, open kitchen, quartz countertops, gray cabinetry, matte black finishes, gas appliances, an island, pantry, and dining area. Central air and forced-air heat serve the home, while ceiling fans provide additional cooling support.
The finished basement expands the layout with a family room, dry bar, additional bedroom, and bathroom. The property also includes a laundry room, walk-in closet, patio, fenced outdoor area, sprinkler system, composition roof, frame construction, and a two-car garage. Public sewer service and cable availability are provided. Located in Timnath, the residence carries Res zoning and includes a gas range, dishwasher, refrigerator, washer, dryer, microwave, and self-cleaning oven.
The finished basement expands the layout with a family room, dry bar, additional bedroom, and bathroom. The property also includes a laundry room, walk-in closet, patio, fenced outdoor area, sprinkler system, composition roof, frame construction, and a two-car garage. Public sewer service and cable availability are provided. Located in Timnath, the residence carries Res zoning and includes a gas range, dishwasher, refrigerator, washer, dryer, microwave, and self-cleaning oven.
Key Highlights
- 2,473‑square‑foot property on a 0.08‑acre lot
- Built in 2022 with contemporary architectural style
- Finished basement with family room, dry bar, bedroom, and bathroom
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
$25,454
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
4.28%
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%
$509,080
$509.1K
Cap Rate 7%
$363,629
$363.6K
Cap Rate 9%
$282,822
$282.8K
Market Conditions
NOI Build-Up for 2,473 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
$38.0K $15.36/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$36.4K $14.70/SF
− OpEx
−$10.9K −$4.41/SF
NOI
$25.5K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$509,080
Cap Rate 7%
$363,629
Cap Rate 9%
$282,822
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.2K – $424.2K
NOI $25,454 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$336.2K
$294.2K – $392.3K
NOI $23,537 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 80547, CO
6,536
Population
2,843
Households
2.3
Avg Household Size
35
Median Age
73%
College-Educated
99%
High-School Grad
5.7 sq mi
ZIP Area
1,147
Density / Sq Mi
$171,971
Median Household Income
$79,285
Median Earnings
$2,040
Median Rent
$719,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary residential property with a finished basement, quartz kitchen, fenced yard, and two-car garage.
Where is this duplex located?
The property is located at 5966 Rendezvous Pkwy Timnath, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,473‑square‑foot property on a 0.08‑acre lot; Built in 2022 with contemporary architectural style; Finished basement with family room, dry bar, bedroom, and bathroom
