Remodeled Flex Space with Drive-In
New
For Sale
$549,000
18133 Lincoln Meadows Pkwy Unit 107, Parker, CO 80134
Recently remodeled space with a drive-in door, updated finishes, and an on-site bathroom.
Property Size1,679 SF
Price / SF$326.98
Days on Market2
Property Features for 18133 Lincoln Meadows Pkwy Unit 107
General Information
Standard status
Active
Size
1,679 SF
Warehouse & Industrial
Drive-In Doors
1
Loading
drive-in
Additional Details
Highway Access
Yes
Building Details
Year Built
2017
Listing Agency:
Unique Properties LLC
Listed By:
Justin Herman · License #FA.100041438
(303) 321-5888
Source:
Englehomesgroup
Added: Sep 14
Last Checked: Sep 14 at 2:49PM
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 1,679-square-foot flex space was built in 2017 and recently remodeled for a clean, updated presentation. Improvements include new epoxy flooring, lighting, interior paint, and a bathroom, along with a 16' x 18' drive-in door. The space has not previously been used.
The property is located in Parker with access to Interstate 25 and E470. Shopping, dining, and entertainment are nearby. Unit 107 may also be combined with Unit 106 to create a total of 3,358 square feet.
The property is located in Parker with access to Interstate 25 and E470. Shopping, dining, and entertainment are nearby. Unit 107 may also be combined with Unit 106 to create a total of 3,358 square feet.
Key Highlights
- 1,679 SF flex space in Parker
- 16' x 18' drive‑in door
- Recently remodeled with new epoxy flooring, lighting, paint, and bathroom
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
4.36%
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 4.36%
Second Best
Flex RnD
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$576.7K
$504.6K – $672.8K
NOI $40,369 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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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 space with a drive-in door, updated finishes, and an on-site bathroom.
Where is this flex space located?
The property is located at 18133 Lincoln Meadows Pkwy Unit 107 Parker, CO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,679 SF flex space in Parker; 16' x 18' drive‑in door; Recently remodeled with new epoxy flooring, lighting, paint, and bathroom
