Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27888 Mdw Dr Evergreen, CO

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    1,817 SF move-in ready retail or office condo for sale.

    Property size:
    1,817 SF
    Lot size:
    0.04 Acres

    Property Features for 27888 Mdw Dr

    General Information

    Size
    1,817 SF
    Lot size
    0.04 Acres

    We can help!

    Listing Contact
    Renee Spicer
    Renee Spicer
    Source: Moodyscre

    Listing Agent: Renee Spicer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Evergreen Retail or Office Condo

    Located on Meadow Drive near Colorado Highway 74, this 1,817 square-foot condo is suitable for retail or office use. The layout features a large open area, four private rooms, a large storage room with shelving, a kitchenette, and a restroom. The unit is in move-in condition and has been well maintained by the owner/user. The condo association dues are $245 per month. The roof is less than one year old. Free parking is available in front of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Dental Office Law Firm Big Box & Wholesale Store Building Supply Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.3199999
    Latitude
    39.63

    Nearby Similar for Sale

    • $2,995,000

      Evergreen Cabins on Bear Creek

      Boutique resort with nine furnished units on three scenic acres.
      27400 Colorado 74, Evergreen, CO 80439
      View Details
    • $455,000
      2,016 SF

      Evergreen Business Condo with Licenses

      2,016 sq ft condo with cannabis licenses in Evergreen, CO.
      35715 Hwy 40, Evergreen, CO 80439
      View Details
    • $2,485,000
      15,907 SF

      Historic Inn Ideal for Many

      Historic inn suitable for various uses near Downtown Evergreen.
      8136 S Brook Forest Rd, Evergreen, CO 80439
      View Details
    • $625,000
      3,300 SF

      Evergreen Office/Warehouse Versatile Building

      3,300 SF building ideal for office or office warehouse use.
      35715 U.S Hwy 40, Evergreen, CO 80439
      View Details
    • $800,000

      Historic Building in Downtown Evergreen

      Retail and office space in a high-traffic, walkable location.
      28235 Hwy, Evergreen, CO
      View Details
    • $3,260,000
      18,464 SF

      Evergreen Flex Showroom Asset

      Premier showroom with high visibility and utility in Evergreen, CO.
      114 Homestead Rd, Evergreen, CO
      View Details
    • $700,000
      3,355 SF

      Evergreen Office/Warehouse Investment Opportunity

      3,355 SF office/warehouse in Evergreen, move-in ready with ample parking.
      35715 Unit D201 - D202, Evergreen, CO 80439
      View Details
    • $1,999,999
      10,229 SF

      Evergreen Office/Medical Building For Sale

      Renovated 10,229 SF building suitable for office or medical use.
      30616 Bryant Dr, Evergreen, CO 80439
      View Details
    • $3,550,000
      20,890 SF

      Evergreen Class A Office Building

      Fully leased Class A office building in Evergreen, Colorado.
      32135 Castle Ct, Evergreen, CO
      View Details
    • $1,999,999
      7,536 SF

      Evergreen Commercial Investment Opportunity

      Commercial property in Evergreen, Colorado, near dining and recreation.
      1222 Bergen Pkwy, Evergreen, CO
      View Details
    • $199,500
      40,000 SF

      Spacious Office Condos with Views

      Combined office condos with mountain views and underground parking.
      1202 Bergen Pkwy, Evergreen, CO
      View Details
    • $230,000

      Evergreen Office Units For Sale

      Two office units with open floorplan and outdoor patio.
      30752 Southview Dr, Evergreen, CO 80439
      View Details

    FAQs

    What type of property is this?
    Office space - 1,817 SF move-in ready retail or office condo for sale.
    Where is this office space located?
    The property is located at 27888 Mdw Dr Evergreen, CO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Excellent location on Meadow Drive near Colorado Highway 74.; - Move-in condition, well maintained by owner/user.; - Flexible layout: features a large open area, four private rooms, large storage room, kitchenette, and restroom.
    (720) 476-5226
    Request Owner's contact information
    27888 Mdw Dr Evergreen, CO
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27888 Mdw Dr
    Evergreen, CO
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27888 Mdw Dr Evergreen, CO
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Renee Spicer
    Renee Spicer
    Real Estate License ID: CO EA.001015135
    (720) 476-5226
    Learn more
    Google sign-in failed. Please try again or use another login method.