Remodeled Flex Suite with Drive-In
For Sale
$599,000
18133 Lincoln Meadows Parkway Unit 107, Parker, CO 80134
Recently remodeled flex space with a 16' x 18' drive-in door, new epoxy flooring, lighting, paint, and bathroom.
Property Size1,679 SF
Days on Market128
Property Features for 18133 Lincoln Meadows Parkway Unit 107
General Information
Standard status
Active
Size
1,679 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$15,968
Building Details
Building Size
1,679 SF
Year Built
2017
Listing Agency:
Unique Properties LLC
(303) 321-5888
Listed By:
Justin Herman · License #FA.100041438
Source:
Eliselosassore
Added: Apr 27
Changed: Aug 24
Last Checked: Aug 30 at 10:15PM
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 LLC
Investment Insights
Based on property information with market context.
This remodeled flex space in Parker has been recently updated and is reported as never used. The interior improvements include new epoxy flooring, new lighting, fresh paint, and a bathroom. The unit is designed for practical access and operation, featuring a large 16' x 18' drive-in door.
The property offers easy access to Interstate 25 and E470. Shopping, dining, and entertainment options are also described as nearby.
If additional space is needed, this unit can be combined with Unit 106 (also for sale) for a total of 3,358 SF.
The property offers easy access to Interstate 25 and E470. Shopping, dining, and entertainment options are also described as nearby.
If additional space is needed, this unit can be combined with Unit 106 (also for sale) for a total of 3,358 SF.
Key Highlights
- 2017‑built flex space in Parker, recently remodeled and never used
- Oversized 16' x 18' drive‑in door for easy loading and access
- New epoxy flooring, lighting, and paint throughout
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
$23,960
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
4.00%
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%
$479,200
$479.2K
Cap Rate 7%
$342,286
$342.3K
Cap Rate 9%
$266,222
$266.2K
Market Conditions
NOI Build-Up for 1,679 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
$34.9K $20.76/SF
− Vacancy
−$627 −$0.37/SF
EGI
$34.2K $20.39/SF
− OpEx
−$10.3K −$6.12/SF
NOI
$24.0K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /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%
$479,200
Cap Rate 7%
$342,286
Cap Rate 9%
$266,222
Alternative Uses
Best Use
Industrial
$342.3K
$299.5K – $399.3K
NOI $23,960 @ 7.0% cap · market cap 4.00%
Second Best
Flex RnD
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$576.7K
$504.6K – $672.8K
NOI $40,369 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Sweet Lorraines Catering — 10465 S Parker Rd, Parker, CO 80134
- Charminar Express Indian Food Truck — S Parker Rd, Parker, CO 80134
Frequently Asked Questions
What type of property is this?
Flex space - Recently remodeled flex space with a 16' x 18' drive-in door, new epoxy flooring, lighting, paint, and bathroom.
Where is this flex space located?
The property is located at 18133 Lincoln Meadows Parkway Unit 107 Parker, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2017‑built flex space in Parker, recently remodeled and never used; Oversized 16' x 18' drive‑in door for easy loading and access; New epoxy flooring, lighting, and paint throughout
