Commerce City Shop
For Sale
$620,000
6971 Forest Street, Commerce City, CO 80022
Shop space with three drive-in doors on a corner lot.
Property Size2,059 SF
Price / SF$301.12
Days on Market273
Property Features for 6971 Forest Street
General Information
Standard status
Active
Size
2,059 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
2,059 SF
Year Built
1956
Listing Agency:
Colliers
(303) 888-4476
Listed By:
Kristjan Danis · License #FA.100087888
(303) 888-4476
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Aug 14
Last Checked: Aug 21 at 5:02AM
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 Colliers
Investment Insights
Based on property information with market context.
This property in Commerce City, Colorado, features shop space with three drive-in doors. Situated on a corner lot, the property includes a yard and offers access from both Forest Street and Fairfax Drive. The property has C3 zoning and includes covered outdoor storage. The building contains separate bathrooms for the office and warehouse areas. The office space has been recently renovated. The property's size is 2059 square feet.
Key Highlights
- Shop space featuring 3 drive‑in doors.
- Corner lot with a yard.
- C3 zoning (Commerce City).
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
$29,788
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
4.80%
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%
$595,760
$595.8K
Cap Rate 7%
$425,543
$425.5K
Cap Rate 9%
$330,978
$331.0K
Market Conditions
NOI Build-Up for 2,059 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
$38.1K $18.48/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$35.0K $17.02/SF
− OpEx
−$5.3K −$2.55/SF
NOI
$29.8K $14.47/SF
Area
Adams County, CO
Vacancy
7.90%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
15.00%
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%
$595,760
Cap Rate 7%
$425,543
Cap Rate 9%
$330,978
Alternative Uses
Best Use
Warehouse
$425.5K
$372.4K – $496.5K
NOI $29,788 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$350.4K
$306.6K – $408.9K
NOI $24,531 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$30.29M
$26.51M – $35.34M
NOI $2,120,592 @ 7.0% cap · market cap 342.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 7273 Kearney St, Commerce City, CO 80022
- Crestlne Self Storage — 7330 Brighton Rd, Commerce City, CO 80022
Frequently Asked Questions
What type of property is this?
Warehouse - Shop space with three drive-in doors on a corner lot.
Where is this warehouse located?
The property is located at 6971 Forest Street Commerce City, CO.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Shop space featuring 3 drive‑in doors.; Corner lot with a yard.; C3 zoning (Commerce City).
