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Shopping Center with Drive-Through
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10161-10169 S Parker Rd, Parker, CO 80134

Partially leased retail property includes a vacant two-story area and west-side pad site.

Property Size10,261 SF
Price / SF$341.10
Days on Market57

Property Features for 10161-10169 S Parker Rd

General Information

Standard status Active
Size 10,261 SF
Total Parking Spaces 74
Property subtype Retail
Occupancy 34%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 2008
Stories 2
Units 3
Tenancy Multi
Listing Agency: JLL - Denver, Colorado
Listed By: Austin Snedden · License #FA100080083
Source: Crexi
Added: Aug 19 Changed: Oct 2 Last Checked: Oct 12 at 6:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Denver, Colorado

Investment Insights

Based on property information with market context.

South Parker Shops is a 10,261-square-foot shopping center completed in 2008. The property is 34% leased to FedEx and Healix Chiropractic, while a vacant two-story area provides a drive-through opportunity. A separate vacant pad occupies the west side of the building and is available for future development.

The center fronts S Parker Road, where more than 50,000 vehicles pass daily. Its Parker, Colorado location is supported by 146,000 residents within five miles and a surrounding network of established and emerging residential neighborhoods. The site serves a retail trade area connected to the broader suburban community.

Key Highlights

  • 10,261‑square‑foot shopping center constructed in 2008
  • Currently 34% leased to FedEx and Healix Chiropractic
  • Vacant two‑story area with a drive‑through opportunity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$211,367
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,227,340 $4.2M
Cap Rate 7%
$3,019,529 $3.0M
Cap Rate 9%
$2,348,522 $2.3M
Market Conditions
NOI Build-Up for 10,261 SF
Gross rent
$309.1K $30.12/SF
− Vacancy
−$7.1K −$0.69/SF
EGI
$302.0K $29.43/SF
− OpEx
−$90.6K −$8.83/SF
NOI
$211.4K $20.60/SF
Area
Douglas County, CO
Vacancy
2.30%
Lease Rate
$30.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,227,340
Cap Rate 7%
$3,019,529
Cap Rate 9%
$2,348,522

Alternative Uses

Best Use
Retail
$3.02M
$2.64M – $3.52M (±1% cap)
NOI $211,367 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M (±1% cap)
NOI $246,712 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Grocery & Convenience Store Furniture & Home Goods Parking Lot & Garage Food Market Pharmacy Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby
166k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 47% Shops & Services 34% Home Improvements & Furnishings 19%
Lowe's Home Improvements & Furnishings
29,739 visits/mo 0.3 miles
Dutch Bros. Coffee Dining
24,737 visits/mo 0.3 miles
Circle K Shops & Services
16,382 visits/mo 0.5 miles
Starbucks Dining
9,333 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,968 visits/mo 0.2 miles

Demographics for 80134, CO

76,369
Population
28,663
Households
2.7
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
57.3 sq mi
ZIP Area
1,333
Density / Sq Mi
$142,162
Median Household Income
$66,327
Median Earnings
$2,027
Median Rent
$643,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Parker Marketplace — 9807 S Parker Rd, Parker, CO 80134
  • Coinstar Kiosk | Bitcoin ATM — Kroger - King Soopers, 12959 S Parker Rd, Parker, CO 80134

Frequently Asked Questions

What type of property is this?
Shopping center - Partially leased retail property includes a vacant two-story area and west-side pad site.
Where is this shopping center located?
The property is located at 10161-10169 S Parker Rd Parker, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,261‑square‑foot shopping center constructed in 2008; Currently 34% leased to FedEx and Healix Chiropractic; Vacant two‑story area with a drive‑through opportunity
(424) 294-3400 Call to check price and availability
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