Garage Unit at Mancaves of Dove
For Sale
$259,000
13303 E Adam Aircraft Cir D64, Englewood, CO 80112
Rare garage unit suitable for vehicle enthusiasts or light industrial.
Property Size755 SF
Lot Size0.02 Acres
Days on Market152
Property Features for 13303 E Adam Aircraft Cir D64
General Information
Standard status
Active
Size
755 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,044
Building Details
Building Size
755 SF
Year Built
2015
Units
1
Listing Agency:
Re/Max Professionals
(248) 770-0108
Listed By:
Elizabeth Lee · License #FA100086224
(248) 770-0108
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:16PM
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 Re/Max Professionals
Investment Insights
Based on property information with market context.
Located off Dry Creek Road and I-25, near Centennial Airport, this garage unit is situated within the gated Mancaves Of Dove Valley community, which features 24-hour surveillance. The unit is suitable for parking high-end vehicles, RVs, boats, and off-road vehicles, or for use as a workspace. An RV dump spot is available on-site. The unit includes multiple electrical outlets, an automotive two-post lift, water access, and a sink. Heat is available at the tenant's expense. The annual HOA fee is $1625.00, paid semi-annually. HOA restrictions prohibit retail, landscaping/contractors, and growers; however, light industrial woodworking is permitted. A common area provides a lounge with bathrooms, showers, and a kitchenette for all owners. The unit is also available for rent.
Key Highlights
- Secure, gated community with 24‑hour surveillance
- Automotive two‑post lift included
- Suitable for parking high‑end vehicles, RVs, boats, and off‑road vehicles
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
$13,642
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
5.27%
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%
$272,840
$272.8K
Cap Rate 7%
$194,886
$194.9K
Cap Rate 9%
$151,578
$151.6K
Market Conditions
NOI Build-Up for 755 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
$20.4K $27.00/SF
− Vacancy
−$897 −$1.19/SF
EGI
$19.5K $25.81/SF
− OpEx
−$5.8K −$7.74/SF
NOI
$13.6K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /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%
$272,840
Cap Rate 7%
$194,886
Cap Rate 9%
$151,578
Alternative Uses
Best Use
Retail
$194.9K
$170.5K – $227.4K
NOI $13,642 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$81.0K
$70.8K – $94.5K
NOI $5,667 @ 7.0% cap · market cap 2.19%
Theoretical Best
Multifamily LT 5
$11.21M
$9.81M – $13.08M
NOI $784,654 @ 7.0% cap · market cap 302.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Rare garage unit suitable for vehicle enthusiasts or light industrial.
Where is this parking lot & garage located?
The property is located at 13303 E Adam Aircraft Cir D64 Englewood, CO.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Secure, gated community with 24‑hour surveillance; Automotive two‑post lift included; Suitable for parking high‑end vehicles, RVs, boats, and off‑road vehicles
