Shopping Center with
For Sale
Contact for pricing
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 Market12
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
(303) 260-6500
Listed By:
Austin Snedden · License #FA100080083
Source:
Crexi
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 1:19AM
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.
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 = 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
$211,367
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
6.04%
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%
$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
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
$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 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%
$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
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
NOI $246,712 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
166k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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
