Retail Space in Parker,
For Sale
Contact for pricing
11160 S Pikes Peak Dr, Parker, CO 80138
6,736 SqFt retail space available for sale.
Property Size6,736 SF
Price / SF$705.17
Days on Market167
Property Features for 11160 S Pikes Peak Dr
General Information
Standard status
Active
Size
6,736 SF
Property subtype
Retail
Zoning
MC
Building Details
Year Built
2021
Listing Agency:
Cushman & Wakefield Denver
Listed By:
Patrick McGlinchey · License #CO FA100069925
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Cushman & Wakefield Denver
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 6,736 square foot retail space. The property is located in Parker, Colorado.
Key Highlights
- Retail Property
- 6,736 SqFt of space
- Built in 2021
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
$138,755
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
2.92%
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%
$2,775,100
$2.8M
Cap Rate 7%
$1,982,214
$2.0M
Cap Rate 9%
$1,541,722
$1.5M
Market Conditions
NOI Build-Up for 6,736 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
$202.9K $30.12/SF
− Vacancy
−$4.7K −$0.69/SF
EGI
$198.2K $29.43/SF
− OpEx
−$59.5K −$8.83/SF
NOI
$138.8K $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%
$2,775,100
Cap Rate 7%
$1,982,214
Cap Rate 9%
$1,541,722
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,755 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,958 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,254
Businesses Nearby
593k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 20%
Superstores 16%
Apparel 14%
Target
Superstores
94,985 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
43,297 visits/mo
0.1 miles
Kohl's
Apparel
42,075 visits/mo
0.4 miles
McDonald's
Dining
41,181 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
39,005 visits/mo
0.3 miles
Demographics for 80138, CO
34,337
Population
12,752
Households
2.7
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
61.9 sq mi
ZIP Area
555
Density / Sq Mi
$142,397
Median Household Income
$60,990
Median Earnings
$1,919
Median Rent
$679,800
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.
Frequently Asked Questions
What type of property is this?
Retail space - 6,736 SqFt retail space available for sale.
Where is this retail space located?
The property is located at 11160 S Pikes Peak Dr Parker, CO.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Retail Property; 6,736 SqFt of space; Built in 2021
