Renovated Retail Building For
220 Oak Ave Eaton, CO 80615
220 Oak Ave, Eaton, CO, 80615
$385,000
For Sale
$385,000
Retail building renovated in 2020 with offices and storage.
Property Size1,147 SF
Price / SF$335.66
Days on Market87
Property Features for 220 Oak Ave
General Information
- Standard status
- Active
- Size
- 1,147 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1919
Listing agency
Wheeler Properties, Inc
(970) 545-0709
Listed by
Jessica Florez · License #FA.100099707
(970) 545-0709
Source
Elliman
Added: Apr 27 Updated: Jul 10 at 1:28PM Checked: Jul 21 at 8:19AM
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 Wheeler Properties, Inc
Investment Insights
Based on property information with market context.
This retail building, renovated in 2020, offers 1,147 square feet of space. The main floor includes a lobby or reception room, multiple offices, a kitchenette, and a bathroom. The basement provides an additional 167 square feet of storage space. Additional parking spaces are located around the back of the building. A ramp from the sidewalk to the front door provides easy access to the main level.
Key Highlights
- Renovated in 2020
- Multiple offices on the main floor
- Lobby/reception room
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 | $20.6k | $18.00 |
| − Vacancy | −$2.1k | −$1.85 |
| EGI | $18.5k | $16.15 |
| − OpEx | −$5.6k | −$4.84 |
| NOI | $13.0k | $11.30 |
1,147 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$185.2K
$162.1K – $216.1K
NOI $12,964 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$209.0K
$182.9K – $243.9K
NOI $14,633 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Richmond Jewelry Design
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building renovated in 2020 with offices and storage.
Where is this retail space located?
The property is located at 220 Oak Ave Eaton, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Renovated in 2020; Multiple offices on the main floor; Lobby/reception room
