Automotive Service Facility with Fenced
New
For Sale
$2,400,000
10535 Melody Dr, Northglenn, CO 80234
C-A zoning supports automotive, retail, office, and industrial uses.
Property Size7,238 SF
Lot Size0.77 Acres
Price / SF$331.58
Days on Market1
Property Features for 10535 Melody Dr
General Information
Standard status
Active
Size
7,238 SF
Lot size
0.77 Acres
Property subtype
Retail
Zoning
C-A
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Automotive
Service Bays
4
Automotive Uses
auto repair
Additional Details
Real Estate Included
Yes
Amenities
ample parking
Building Details
Building Size
7,238 SF
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
Lee & Associates | Denver
Listed By:
Ray Rosado, CCIM · License #CO #FA100-019395
(720) 209-5546
Source:
Lee-associates
Added: Oct 30
Last Checked: Oct 30 at 3:06PM
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 Lee & Associates | Denver
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Investment Insights
Based on property information with market context.
This freestanding automotive service facility occupies approximately 7,238 square feet on a 0.77-acre site. The single-story building has nine drive-in doors and four drive-through service bays, with a large fenced yard and parking. Automotive is the current use, and the property was built in 1971.
Zoned C-A, the site allows a range of retail, office, and industrial uses in addition to automotive. It is located just off I-25 in Northglenn’s 104th Avenue commercial corridor, near a variety of retail amenities.
Zoned C-A, the site allows a range of retail, office, and industrial uses in addition to automotive. It is located just off I-25 in Northglenn’s 104th Avenue commercial corridor, near a variety of retail amenities.
Key Highlights
- 7,238‑square‑foot freestanding automotive service facility on approximately 0.77 acres
- Nine drive‑in doors and four drive‑through service bays
- Large fenced yard and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,779
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,580
$2.6M
Cap Rate 7%
$1,868,271
$1.9M
Cap Rate 9%
$1,453,100
$1.5M
Market Conditions
NOI Build-Up for 7,238 SF
Gross rent
$195.4K $27.00/SF
− Vacancy
−$8.6K −$1.19/SF
EGI
$186.8K $25.81/SF
− OpEx
−$56.0K −$7.74/SF
NOI
$130.8K $18.07/SF
Area
Adams 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 Rate 5%
$2,615,580
Cap Rate 7%
$1,868,271
Cap Rate 9%
$1,453,100
Alternative Uses
Best Use
Retail
$1.87M
$1.63M – $2.18M
NOI $130,779 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,234 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$106.49M
$93.18M – $124.24M
NOI $7,454,514 @ 7.0% cap · market cap 310.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Service bays
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
428k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 30%
Electronics 10%
Apparel 10%
Best Buy
Electronics
44,651 visits/mo
0.4 miles
Texas Roadhouse
Dining
43,137 visits/mo
0.3 miles
IHOP
Dining
34,032 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
26,918 visits/mo
0.3 miles
Boot Barn
Apparel
25,838 visits/mo
0.4 miles
Demographics for 80234, CO
29,660
Population
12,814
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,237
Density / Sq Mi
$88,714
Median Household Income
$50,926
Median Earnings
$1,772
Median Rent
$493,900
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
Similar Off Market Nearby
- Caliber Collision — 10120 Grant St, Thornton, CO 80229
- Tires Plus — 10160 Grant St, Thornton, CO 80229
- Abra Auto Body & Glass — 10180 Grant St, Thornton, CO 80229
- Ultimate Auto Glass & Electronics — 10325 Quivas St Ste. 100, Thornton, CO 80260
- Classic Collision Thorton — 10325 quivas st, thornton, co 80260
Frequently Asked Questions
What type of property is this?
Auto shop - C-A zoning supports automotive, retail, office, and industrial uses.
Where is this auto shop located?
The property is located at 10535 Melody Dr Northglenn, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 7,238‑square‑foot freestanding automotive service facility on approximately 0.77 acres; Nine drive‑in doors and four drive‑through service bays; Large fenced yard and ample parking
