Evergreen Commercial Investment
For Sale
Contact for pricing
1222 Bergen Pkwy, Evergreen, CO
Commercial property in Evergreen, Colorado, near dining and recreation.
Property Size7,536 SF
Lot Size1.19 Acres
Price / SF$232.22
Days on Market529
Property Features for 1222 Bergen Pkwy
General Information
Standard status
Active
Size
7,536 SF
Lot size
1.19 Acres
Property subtype
OFFICE
Listing Agency:
BellStreet
(303) 731-5800
Listed By:
Manuel Martin
(970) 698-0188
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Sep 2
Last Checked: Sep 12 at 10:19AM
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 BellStreet
Investment Insights
Based on property information with market context.
Located in Evergreen, Colorado, this property offers a setting suitable for commercial investment. The surrounding area balances work and leisure, with local dining options such as The Wild Game Entertainment Experience and Willow Creek Restaurant nearby. Evergreen Lake and Dedisse Park provide recreational opportunities. The property contains 7536 square feet of space and is located at 1222 Bergen Pkwy.
Key Highlights
- Serene location in Evergreen, Colorado, offering a balance of work and leisure.
- Ideal for commercial investment due to its attractive location.
- Proximity to local dining favorites like The Wild Game Entertainment Experience and Willow Creek Restaurant.
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
$101,556
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
5.80%
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%
$2,031,120
$2.0M
Cap Rate 7%
$1,450,800
$1.5M
Cap Rate 9%
$1,128,400
$1.1M
Market Conditions
NOI Build-Up for 7,536 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
$152.8K $20.28/SF
− Vacancy
−$17.4K −$2.31/SF
EGI
$135.4K $17.97/SF
− OpEx
−$33.9K −$4.49/SF
NOI
$101.6K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$2,031,120
Cap Rate 7%
$1,450,800
Cap Rate 9%
$1,128,400
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,556 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.77M
$14.67M – $19.57M
NOI $1,173,923 @ 7.0% cap · market cap 67.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
707
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property in Evergreen, Colorado, near dining and recreation.
Where is this office building located?
The property is located at 1222 Bergen Pkwy Evergreen, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Serene location in Evergreen, Colorado, offering a balance of work and leisure.; Ideal for commercial investment due to its attractive location.; Proximity to local dining favorites like The Wild Game Entertainment Experience and Willow Creek Restaurant.
