Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10390 Hwy 2 Commerce City, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for multifamily residences, retail, and restaurants.

    Type:LAND
    Lot size:
    10.62 Acres
    Added:
    Aug 27, 2024
    Days on Market:
    606
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 10390 Hwy 2

    General Information

    Standard status
    Active
    Lot size
    10.62 Acres
    Property subtype
    LAND

    Properties For Sale

    at 10390 Hwy 2 Contact us

    We can help!

    Listing Contact
    Grant Maves
    Grant Maves

    Listing agent Grant Maves License #CO FA.040034738

    Listing office SullivanHayes Brokerage Corp

    Listing date Aug 27, 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 SullivanHayes Brokerage Corp

    Overview

    Development Land with Multifamily Potential

    This commercial land offers permitted uses including multifamily residences and townhouses under the PUD designation, providing diverse development opportunities. The location features a full turn lighted intersection with several other points of access to the development. The area has several thousand homes existing and under construction. The trade area is currently underserved and in need of restaurants and other retail options. Allowed uses for the property include general office, tire store, general auto, medical, drive-thru restaurant, liquor store and general retail.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.848
    Latitude
    39.8846

    Nearby Similar for Sale

    • $395,000

      Two-Unit Office Building For Sale

      Two-unit office building with high visibility and ample parking.
      7250-7260 Magnolia St, Commerce City, CO 80022
      View Details
    • $988,470

      Mixed-Use Property with Highway Access

      Mixed-use property with highway access, ideal for owner-occupied business.
      6630 Monaco St, Commerce City, CO 80022
      View Details
    • $850,000
      4,320 SF

      Industrial Building with Fenced Yard

      4,320 SF industrial building with office and warehouse space.
      6301 E 71st Avenue, Commerce City, CO 80022
      View Details
    • $1,775,000
      7,903 SF

      Freestanding Retail Building on 72nd

      7,903 SF retail building on 33,670 SF lot.
      6071 E 72nd Ave, Commerce City, CO 80022
      View Details
    • $1,044,000
      5,100 SF

      Leased Creative Building with Upside

      5,261 SF building, fully leased, potential for rent increases.
      6600 E 74th Avenue, Commerce City, CO 80022
      View Details
    • $1,850,000
      7,903 SF

      Retail Property in Commerce City

      Retail property with established tenant, ideal for investors/owner-users.
      5983 E 72nd Ave, Commerce City, CO
      View Details
    • $1,649,000
      15,312 SF

      Commerce City Commercial Property For Sale

      15,312 SF building on 0.69 acres with highway frontage.
      6350 E 72nd Place, Commerce City, CO 80022
      View Details
    • $350,000

      Commerce City Redevelopment Corner Parcel

      Corner parcel with redevelopment potential in established Commerce City corridor.
      7301 Leyden Street, Commerce City, CO 80022
      View Details
    • $350,000

      Corner Parcel Redevelopment Opportunity

      0.49 acre corner parcel in Commerce City corridor.
      7301 Leyden, Commerce City, CO 80022
      View Details
    • $2,500,000
      12,690 SF

      Freestanding Industrial Flex Building

      12,690 SF industrial/flex building in Commerce City, Colorado.
      4995 Monaco Street, Commerce City, CO 80022
      View Details
    • $850,000
      1,500 SF

      Corner Lot Car Dealership Opportunity

      Corner lot with car dealership approval and garage space.
      8581 Rosemary Street, Commerce City, CO 80022
      View Details
    • $580,000

      Prime Commercial Land Opportunity

      Nearly one acre of commercial land in a growing area.
      12353 E 104th, Commerce City, CO 80022
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for multifamily residences, retail, and restaurants.
    Where is this land located?
    The property is located at 10390 Hwy 2 Commerce City, CO.
    What are key features of this property?
    This property features: Permitted for multifamily residences and townhouses under PUD.; Full turn lighted intersection access.; Several thousand homes existing and under construction nearby.
    (303) 534-0900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Grant Maves
    Grant Maves
    Real Estate License ID: CO FA.040034738
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!