Northglenn Retail Center For
1400 - 1490 W 104th Avenue Northglenn, CO 80234
1400 - 1490 W 104th Avenue, Northglenn, CO, 80234
$6,900,000
For Sale
$6,900,000
Value-add retail center with high occupancy in Northglenn, Colorado.
Property Size34,272 SF
Price / SF$201.33
Days on Market295
Property Features for 1400 - 1490 W 104th Avenue
General Information
- Standard status
- Active
- Size
- 34,272 SF
- Property subtype
- Office & Retail
Building Details
- Year Built
- 1973
Listing Agency
Unique Properties, Inc.
(303) 321-5888
Listed by
Marc S. Lippitt · License #ER.000183921
Source
Tcnworldwide
Added: Sep 25, 2025 Checked: Jul 16 at 8:54 am
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
Hillcrest Plaza, constructed in 1973, is a retail center located in Northglenn (Denver MSA), Colorado. The property has 34,138 square feet of space and is situated on 3.5 acres. Currently, the property is 95% leased, with 1,412 square feet vacant, presenting a value-add opportunity for future investors to increase rents with stabilized cash flow. The property is positioned along one of Northglenn's major east-west thoroughfares, providing good access and visibility.
Key Highlights
- 95% leased, providing stabilized cash flow.
- Value‑add retail center with opportunity to raise rents.
- Located on a major east‑west thoroughfare in Northglenn.
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 | $925.3k | $27.00 |
| − Vacancy | −$40.7k | −$1.19 |
| EGI | $884.6k | $25.81 |
| − OpEx | −$265.4k | −$7.74 |
| NOI | $619.2k | $18.07 |
34,272 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.85M
$7.74M – $10.32M
NOI $619,240 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$504.25M
$441.21M – $588.29M
NOI $35,297,195 @ 7.0% cap · market cap 511.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Neighborhood center - Value-add retail center with high occupancy in Northglenn, Colorado.
Where is this neighborhood center located?
The property is located at 1400 - 1490 W 104th Avenue Northglenn, CO.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 95% leased, providing stabilized cash flow.; Value‑add retail center with opportunity to raise rents.; Located on a major east‑west thoroughfare in Northglenn.
