Private Garage Flex
New
For Sale
$195,000
18133 Lincoln Meadows Pkwy 109, Parker, CO 80134
Finished private garage with 24/7 access, heating, lighting, and flexible storage or workspace potential.
Property Size657 SF
Price / SF$296.80
Days on Market3
Property Features for 18133 Lincoln Meadows Pkwy 109
General Information
Standard status
Active
Size
657 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$6,249
Building Details
Building Size
657 SF
Year Built
2018
Stories
1
Units
1
Listed By:
Sharon Ramirez
(303) 522-6173
Source:
Elliman
Added: Sep 6
Last Checked: Sep 7 at 7:03AM
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 Sharon Ramirez
Investment Insights
Based on property information with market context.
Unit #109 is a 657 SF flex space within a private garage condominium development completed in 2018. The unit features an interlocking garage floor with blue accent detailing, an installed electrical panel, heating, overhead lighting, a floor drain, and a fire sprinkler system. A bathroom rough-in is in place for a potential future bath, subject to buyer verification. Vertical clearance may support a mezzanine, subject to applicable requirements.
The property provides 24/7 unlimited owner access and is positioned in Parker with connectivity to E-470, I-25, and the surrounding South Metro area. The space can accommodate vehicle or collection storage, private workspace, hobby use, business-related storage, or a customized combination, with permitted uses, utilities, improvements, and build-out requirements to be independently confirmed.
The property provides 24/7 unlimited owner access and is positioned in Parker with connectivity to E-470, I-25, and the surrounding South Metro area. The space can accommodate vehicle or collection storage, private workspace, hobby use, business-related storage, or a customized combination, with permitted uses, utilities, improvements, and build-out requirements to be independently confirmed.
Key Highlights
- 657 SF private garage condominium unit
- 2018‑built flex space with heating and overhead lighting
- Interlocking garage floor with custom blue accent
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
$9,376
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
4.81%
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%
$187,520
$187.5K
Cap Rate 7%
$133,943
$133.9K
Cap Rate 9%
$104,178
$104.2K
Market Conditions
NOI Build-Up for 657 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
$13.6K $20.76/SF
− Vacancy
−$246 −$0.37/SF
EGI
$13.4K $20.39/SF
− OpEx
−$4.0K −$6.12/SF
NOI
$9.4K $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%
$187,520
Cap Rate 7%
$133,943
Cap Rate 9%
$104,178
Alternative Uses
Best Use
Industrial
$133.9K
$117.2K – $156.3K
NOI $9,376 @ 7.0% cap · market cap 4.81%
Second Best
Flex RnD
$122.5K
$107.2K – $142.9K
NOI $8,573 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Finished private garage with 24/7 access, heating, lighting, and flexible storage or workspace potential.
Where is this flex space located?
The property is located at 18133 Lincoln Meadows Pkwy 109 Parker, CO.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 657 SF private garage condominium unit; 2018‑built flex space with heating and overhead lighting; Interlocking garage floor with custom blue accent
