Four-Unit Office
For Sale
$1,250,000
24928 Genesee Trail Road, Golden, CO 80401
PD zoning and a four-unit configuration support a range of business occupancies.
Property Size7,266 SF
Price / SF$172.03
Days on Market727
Property Features for 24928 Genesee Trail Road
General Information
Standard status
Active
Size
7,266 SF
Property subtype
Commercial
Zoning
PD
Additional Details
Office Units
4
Property Use
Office
Taxes and HOA fees
Annual Taxes
$32,313
Building Details
Year Built
2000
Buildings
1
Units
4
Listing Agency:
Colorado Commercial Advisors
(303) 877-8329
Listed By:
Jason Parker · License #ER.100023261
Source:
Comeonhomecolorado
Added: Oct 28, 2024
Changed: Oct 23
Last Checked: Oct 23 at 5:44PM
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 Colorado Commercial Advisors
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Investment Insights
Based on property information with market context.
This office building contains 7,266 square feet arranged across four units. Built in 2000, the property is zoned PD.
Located at 24928 Genesee Trail Road in Golden, the property offers a multi-unit office configuration within the Golden area.
Located at 24928 Genesee Trail Road in Golden, the property offers a multi-unit office configuration within the Golden area.
Key Highlights
- 7,266‑square‑foot office building
- Four units
- Built in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,917
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,340
$2.0M
Cap Rate 7%
$1,398,814
$1.4M
Cap Rate 9%
$1,087,967
$1.1M
Market Conditions
NOI Build-Up for 7,266 SF
Gross rent
$147.4K $20.28/SF
− Vacancy
−$16.8K −$2.31/SF
EGI
$130.6K $17.97/SF
− OpEx
−$32.6K −$4.49/SF
NOI
$97.9K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,340
Cap Rate 7%
$1,398,814
Cap Rate 9%
$1,087,967
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,917 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.17M
$14.15M – $18.86M
NOI $1,131,863 @ 7.0% cap · market cap 90.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - PD zoning and a four-unit configuration support a range of business occupancies.
Where is this office building located?
The property is located at 24928 Genesee Trail Road Golden, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,266‑square‑foot office building; Four units; Built in 2000
