Renovated Retail Building For
For Sale
$350,000
220 Oak Ave, Eaton, CO 80615
Retail building renovated in 2020 with offices and storage.
Property Size1,147 SF
Price / SF$305.14
Days on Market132
Property Features for 220 Oak Ave
General Information
Standard status
Active
Size
1,147 SF
Building Details
Year Built
1919
Listing Agency:
Wheeler Properties, Inc
Listed By:
Jessica Florez · License #FA.100099707
(970) 352-5860
Source:
Thestrohmangroup
Added: Apr 27
Changed: Sep 4
Last Checked: Sep 5 at 11:50AM
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
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
$12,964
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
3.70%
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%
$259,280
$259.3K
Cap Rate 7%
$185,200
$185.2K
Cap Rate 9%
$144,044
$144.0K
Market Conditions
NOI Build-Up for 1,147 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
$20.6K $18.00/SF
− Vacancy
−$2.1K −$1.85/SF
EGI
$18.5K $16.15/SF
− OpEx
−$5.6K −$4.84/SF
NOI
$13.0K $11.30/SF
Area
Weld County, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$259,280
Cap Rate 7%
$185,200
Cap Rate 9%
$144,044
Alternative Uses
Best Use
Retail
$185.2K
$162.1K – $216.1K
NOI $12,964 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$209.0K
$182.9K – $243.9K
NOI $14,633 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 17%
Home Improvements & Furnishings 14%
McDonald's
Dining
18,952 visits/mo
0.3 miles
A&W Restaurant
Dining
7,883 visits/mo
0.4 miles
Poulsen Ace Hardware
Home Improvements & Furnishings
7,505 visits/mo
0.4 miles
Exxon
Shops & Services
4,313 visits/mo
0.1 miles
Casa Maria
Dining
4,070 visits/mo
0.5 miles
Demographics for 80615, CO
9,486
Population
3,684
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
105.9 sq mi
ZIP Area
90
Density / Sq Mi
$106,948
Median Household Income
$54,897
Median Earnings
$1,661
Median Rent
$489,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $350,000.
What are key features of this property?
This property features: Renovated in 2020; Multiple offices on the main floor; Lobby/reception room
