Leased Mixed-Use
For Sale
Contact for pricing
1552 Bergen Parkway, Evergreen, CO 80439
Mixed-use property is 100% leased and listed for sale.
Property Size12,570 SF
Price / SF$174.62
Days on Market139
Property Features for 1552 Bergen Parkway
General Information
Standard status
Active
Size
12,570 SF
Property subtype
Retail, Office, Mixed Use
Occupancy
100%
Net Operating Income
$148,342
Building Details
Year Built
1920
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Brandon Kramer · License #CO FA100045203
(303) 328-2020
Source:
Crexi
Added: Apr 20
Changed: Aug 22
Last Checked: Aug 29 at 7:09AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This mixed-use commercial building is offered for sale as a 100% leased asset. The property includes office and retail space within the overall mixed-use configuration.
The offering is located at 1552 Bergen Parkway in Evergreen, Colorado.
At the time of listing, the property is fully occupied, providing an immediately leased investment profile based on the information provided.
The offering is located at 1552 Bergen Parkway in Evergreen, Colorado.
At the time of listing, the property is fully occupied, providing an immediately leased investment profile based on the information provided.
Key Highlights
- Mixed‑use property built in 1920
- 100% leased mixed‑use property
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
$200,771
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
9.15%
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%
$4,015,420
$4.0M
Cap Rate 7%
$2,868,157
$2.9M
Cap Rate 9%
$2,230,789
$2.2M
Market Conditions
NOI Build-Up for 12,570 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
$303.2K $24.12/SF
− Vacancy
−$16.4K −$1.30/SF
EGI
$286.8K $22.82/SF
− OpEx
−$86.0K −$6.85/SF
NOI
$200.8K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /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%
$4,015,420
Cap Rate 7%
$2,868,157
Cap Rate 9%
$2,230,789
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.35M
NOI $200,771 @ 7.0% cap · market cap 9.15%
Second Best
Mixed Use
$2.52M
$2.20M – $2.94M
NOI $176,243 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$27.97M
$24.48M – $32.63M
NOI $1,958,096 @ 7.0% cap · market cap 89.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 80439, CO
24,711
Population
11,137
Households
2.2
Avg Household Size
49
Median Age
71%
College-Educated
98%
High-School Grad
168.8 sq mi
ZIP Area
146
Density / Sq Mi
$152,156
Median Household Income
$67,162
Median Earnings
$1,870
Median Rent
$838,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property is 100% leased and listed for sale.
Where is this mixed-use property located?
The property is located at 1552 Bergen Parkway Evergreen, CO.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Mixed‑use property built in 1920; 100% leased mixed‑use property
