5490 S Parmalee Gulch Rd, Indian Hills, CO
Unique retail investment opportunity in the heart of Indian Hills.
- Added:
- Jun 22, 2024
- Days on Market:
- 723
- Last Refresh:
- May 19 at 11:02 pm
Property Features for 5490 S Parmalee Gulch Rd
General Information
- Standard status
- Active
- Size
- 2,918 SF
- Lot size
- 2.15 Acres
- Property subtype
- RETAIL
Listing agent Bill Downes, CCIM (303) 880-9880
Listing office Evergreen Commercial Group (303) 880-9880
Listing date Jun 22, 2024
Source Moodyscre
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 Evergreen Commercial Group
HighLights
- Prime retail investment opportunity in Indian Hills, Colorado.
- Versatile C1 zoning suitable for various retail concepts or office/work‑live conversion.
- 2,918 SF building updated with a modern flair, retaining historic charm.
- Bonus 777 SF heated garage/warehouse/shop space with a 220 line.
- Located on a large 2.15‑acre lot.
- Ideal for street retail investors seeking a unique property.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.4k | $24.12 |
| − Vacancy | −$3.8k | −$1.30 |
| EGI | $66.6k | $22.82 |
| − OpEx | −$20.0k | −$6.85 |
| NOI | $46.6k | $15.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indian Hills
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.237
- Latitude
- 39.6175