Two-Story End-Unit
For Sale
$518,000
14220 Alpine Lily Trl, Parker, CO 80134
Contemporary residence with a fenced side yard, unfinished basement, and flexible interior living space.
Property Size1,786 SF
Days on Market53
Property Features for 14220 Alpine Lily Trl
General Information
Standard status
Active
Size
1,786 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,379
Amenities
covered front porch
private fenced side yard
courtyard
great room
kitchen with island
primary suite with walk-in closet and tile shower
second-floor laundry room
unfinished basement
Building Details
Building Size
1,786 SF
Year Built
2023
Stories
2
Listing Agency:
RE/MAX of Cherry Creek
(303) 521-0360
Listed By:
Leo Rowen · License #40026894
(303) 521-0360
Source:
Corken
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 29 at 7:27PM
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 of Cherry Creek
Investment Insights
Based on property information with market context.
Built in 2023, this two-story end-unit duplex residence combines an open main level with contemporary finishes and an unfinished basement. The great room connects with a kitchen equipped with a center island, white quartz surfaces, 42-inch cabinetry, and Whirlpool stainless steel appliances, including a gas range. The primary suite includes a walk-in closet and tiled shower, while two additional bedrooms, a full bathroom, and second-floor laundry provide a practical upper-level layout.
Additional features include 9-foot ceilings, luxury plank flooring, Shaw carpet on the stairs, low-VOC interior paint, Generation Lighting fixtures, and a Wi-Fi smart thermostat. An 8-foot front door opens toward a landscaped courtyard, and the fenced side yard adds outdoor space for entertaining, gardening, pets, or relaxation. The basement includes rough-in plumbing for future customization.
Additional features include 9-foot ceilings, luxury plank flooring, Shaw carpet on the stairs, low-VOC interior paint, Generation Lighting fixtures, and a Wi-Fi smart thermostat. An 8-foot front door opens toward a landscaped courtyard, and the fenced side yard adds outdoor space for entertaining, gardening, pets, or relaxation. The basement includes rough-in plumbing for future customization.
Key Highlights
- 2023 construction with a two‑story end‑unit layout
- Three bedrooms, including a primary suite with walk‑in closet and tiled shower
- Unfinished basement with rough‑in plumbing
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
$29,442
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
5.68%
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%
$588,840
$588.8K
Cap Rate 7%
$420,600
$420.6K
Cap Rate 9%
$327,133
$327.1K
Market Conditions
NOI Build-Up for 1,786 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
$43.9K $24.60/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$42.1K $23.55/SF
− OpEx
−$12.6K −$7.06/SF
NOI
$29.4K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /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%
$588,840
Cap Rate 7%
$420,600
Cap Rate 9%
$327,133
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,442 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$387.6K
$339.1K – $452.2K
NOI $27,130 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 80134, CO
76,369
Population
28,663
Households
2.7
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
57.3 sq mi
ZIP Area
1,333
Density / Sq Mi
$142,162
Median Household Income
$66,327
Median Earnings
$2,027
Median Rent
$643,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary residence with a fenced side yard, unfinished basement, and flexible interior living space.
Where is this duplex located?
The property is located at 14220 Alpine Lily Trl Parker, CO.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: 2023 construction with a two‑story end‑unit layout; Three bedrooms, including a primary suite with walk‑in closet and tiled shower; Unfinished basement with rough‑in plumbing
