Car Storage Condo
For Sale
$702,100
18233 Lincoln Meadows Pkwy Unit 103, Parker, CO 80134
Secure, condo-style vehicle storage with dedicated main floor space and added mezzanine area.
Property Size2,006 SF
Price / SF$350
Days on Market94
Property Features for 18233 Lincoln Meadows Pkwy Unit 103
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Garage Condo
Building Details
Building Size
2,006 SF
Stories
1
Listing Agency:
Lincoln Property Company | Denver
(303) 877-1620
Listed By:
Mark Dwyer · License #FA.100112370
(303) 877-1620
Source:
Lpc
Added: Jun 1
Changed: Aug 24
Last Checked: Sep 1 at 3:33PM
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 Lincoln Property Company | Denver
Investment Insights
Based on property information with market context.
This for-sale Vehicle Vault car storage condo unit is designed for dedicated vehicle storage, with a main floor of 1,543 SF plus an additional 463 SF mezzanine. The unit is part of a managed facility structure, supported by association dues of $485 per month.
Located at 18233 Lincoln Meadows Pkwy Unit 103 in Parker, CO 80134, the property is offered for sale as a standalone condo unit within the Vehicle Vault car storage setting. Current 2024 property taxes are listed at $12,697.
The configuration supports buyers who want private, dedicated space for vehicle storage, whether for personal collection use or as an investment in the car storage condo segment. With the added mezzanine area, the unit can also support supplementary storage needs associated with vehicle ownership, while the HOA structure helps maintain a consistent operating framework for the property.
Located at 18233 Lincoln Meadows Pkwy Unit 103 in Parker, CO 80134, the property is offered for sale as a standalone condo unit within the Vehicle Vault car storage setting. Current 2024 property taxes are listed at $12,697.
The configuration supports buyers who want private, dedicated space for vehicle storage, whether for personal collection use or as an investment in the car storage condo segment. With the added mezzanine area, the unit can also support supplementary storage needs associated with vehicle ownership, while the HOA structure helps maintain a consistent operating framework for the property.
Key Highlights
- Vehicle Vault car storage condo unit for sale in Parker, CO
- Main floor space: 1,543 SF
- Additional mezzanine area: 463 SF
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
$28,626
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
4.08%
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%
$572,520
$572.5K
Cap Rate 7%
$408,943
$408.9K
Cap Rate 9%
$318,067
$318.1K
Market Conditions
NOI Build-Up for 2,006 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
$41.6K $20.76/SF
− Vacancy
−$750 −$0.37/SF
EGI
$40.9K $20.39/SF
− OpEx
−$12.3K −$6.12/SF
NOI
$28.6K $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%
$572,520
Cap Rate 7%
$408,943
Cap Rate 9%
$318,067
Alternative Uses
Best Use
Industrial
$408.9K
$357.8K – $477.1K
NOI $28,626 @ 7.0% cap · market cap 4.08%
Second Best
Self Storage
$284.4K
$248.8K – $331.8K
NOI $19,905 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$689.0K
$602.9K – $803.9K
NOI $48,232 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,139
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secure, condo-style vehicle storage with dedicated main floor space and added mezzanine area.
Where is this self storage facility located?
The property is located at 18233 Lincoln Meadows Pkwy Unit 103 Parker, CO.
What is the asking price?
The asking price for this property is $702,100.
What are key features of this property?
This property features: Vehicle Vault car storage condo unit for sale in Parker, CO; Main floor space: 1,543 SF; Additional mezzanine area: 463 SF
