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    Retail Space For Sale Title is generated by Realmo AI

    18364 E 104th Ave, Commerce City, CO 80022

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    Retail space available for purchase.

    Type:Retail
    Property size:
    7,225 SF
    Price / SF:
    $334/SF
    Added:
    Apr 3, 2024
    Days on Market:
    803
    Last Refresh:
    May 12 at 9:50 pm

    Property Features for 18364 E 104th Ave

    General Information

    Standard status
    Active
    Size
    7,225 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

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    Listing Contact
    Kristjan Danis
    Kristjan Danis

    Listing agent Kristjan Danis License #CO FA.100087888

    Listing office Colliers

    Listing date Apr 3, 2024

    Source Crexi

    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 Colliers

    HighLights

    • Built in 2007, offering relatively modern construction.

    Overview

    This retail space, comprising 7,225 square feet, is available for sale.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $195.1k $27.00
    − Vacancy −$8.6k −$1.19
    EGI $186.5k $25.81
    − OpEx −$55.9k −$7.74
    NOI $130.5k $18.07
    7,225 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.86M
    $1.63M – $2.18M (±1% cap)
    NOI $130,544 @ 7.0% cap · market cap 5.41%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $106.30M
    $93.01M – $124.02M (±1% cap)
    NOI $7,441,125 @ 7.0% cap · market cap 308.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.7731342
    Latitude
    39.8852057

    FAQs

    What type of property is this?
    Retail space - Retail space available for purchase.
    Where is this retail space located?
    The property is located at 18364 E 104th Ave Commerce City, CO.
    What is the asking price?
    The asking price for this property is $2,415,000.
    What are key features of this property?
    This property features: Built in 2007, offering relatively modern construction.
    (303) 753-6227 Call to check price and availability
    More about this property
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