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    460 E Colfax Ave Bennett, CO 80102

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    For Sale
    $2,735,000

    Thirteen-unit manufactured home community with additional commercial potential.

    Lot size:
    1.32 Acres

    Property Features for 460 E Colfax Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.32 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Matt Brinkhoff
    Matt Brinkhoff
    Source: Elliman

    Listing Agency: COLDWELL BANKER REALTY 24 Listing Agent: Matt Brinkhoff

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

    Learn more

    Overview

    Turnkey Investment Opportunity in Bennett

    This property presents an opportunity to own multiple income streams in Bennett, Colorado. It features a 13-unit manufactured home community, Bennett Homes, which is registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as MHP-003371. The community is turnkey, with newer Champion homes built between 2017 and 2019. All units are park-owned and rented. Each spacious 1,150 sq ft unit includes a 2 bed/2 bath layout, 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (installed in 2021), and a two-car driveway. Each unit is separately metered for gas and electric, and the community is served by city water and sewer, with a sub meter system for individual water utility billing. As of December 31, 2025, gross operating income has increased 8.24% year over year. The property includes additional land value with 100 ft of high-visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. An approximately 1,200 sq ft 1940’s structure offers potential for future retail or office space. Bennett has experienced a notable population increase since 2020, with an average annual growth rate of 8.7%. Population is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029 (Source: Town of Bennett publication, November 2024). The location is convenient to Denver International Airport, Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park. The in-place cap rate is 6.74%, with a pro forma cap rate of 7.35%+ (including professional management).
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bennett
    County
    Adams
    State
    Colorado
    Longitude
    -104.426573
    Latitude
    39.755746

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    FAQs

    What type of property is this?
    Mobile home & RV park - Thirteen-unit manufactured home community with additional commercial potential.
    Where is this mobile home & rv park located?
    The property is located at 460 E Colfax Ave Bennett, CO.
    What is the asking price?
    The asking price for this property is $2,735,000.
    What are key features of this property?
    This property features: - Turnkey 13-unit manufactured home community with newer (2017-2019) park-owned Champion homes, providing immediate income streams.; - Significant income growth with an 8.24% year-over-year increase in gross operating income (as of December 31, 2025).; - High growth area: Bennett is experiencing rapid population growth (8.7% annual average since 2020) with projected growth of 12%-20% per year through 2029.
    (303) 409-1300
    Request Owner's contact information
    460 E Colfax Ave Bennett, CO 80102
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    Bennett, CO 80102
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    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
    460 E Colfax Ave Bennett, CO 80102
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    We can help!
    Listing Contact
    Matt Brinkhoff
    Matt Brinkhoff
    Real Estate License ID: FA.100073407
    (303) 409-1300 (303) 324-0241
    Learn more
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