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18951 East Mainstreet, Parker, CO 80134
Fully occupied retail property with dining, entertainment, and professional-service tenants.
Property Size14,572 SF
Lot Size1.00 Acre
Price / SF$260.77
Days on Market109
Property Features for 18951 East Mainstreet
General Information
Standard status
Active
Size
14,572 SF
Total Parking Spaces
81
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$234,127
Financials
Asking Price
$3,800,000
Cap Rate
6.16%
Site & Location
Corner Location
Yes
Traffic Count
80,000 vehicles/day
Building Details
Year Built
2002
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 6:59AM
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 Bang Realty
Investment Insights
Based on property information with market context.
The property comprises a 14,572-square-foot shopping center on a 1.00-acre parcel, completed in 2002. Its tenant roster spans dining, entertainment, and professional services, and the building is 100% occupied. Leases have a weighted average remaining term of 5.88 years, with a 6.16% capitalization rate.
Located at 18951 East Mainstreet in Parker, Colorado, the property sits at the intersection of East Mainstreet and South Parker Road. The site benefits from exposure to more than 80,000 combined daily vehicles and access within a Denver submarket where median household income exceeds $129,000. The surrounding corridor is described as rapidly densifying, supporting a retail setting oriented toward consumer and service uses.
Located at 18951 East Mainstreet in Parker, Colorado, the property sits at the intersection of East Mainstreet and South Parker Road. The site benefits from exposure to more than 80,000 combined daily vehicles and access within a Denver submarket where median household income exceeds $129,000. The surrounding corridor is described as rapidly densifying, supporting a retail setting oriented toward consumer and service uses.
Key Highlights
- 14,572‑square‑foot shopping center on a 1.00‑acre parcel
- 100% occupied by dining, entertainment, and professional‑service tenants
- Weighted average lease term of 5.88 years
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
$300,170
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
7.90%
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%
$6,003,400
$6.0M
Cap Rate 7%
$4,288,143
$4.3M
Cap Rate 9%
$3,335,222
$3.3M
Market Conditions
NOI Build-Up for 14,572 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
$438.9K $30.12/SF
− Vacancy
−$10.1K −$0.69/SF
EGI
$428.8K $29.43/SF
− OpEx
−$128.6K −$8.83/SF
NOI
$300.2K $20.60/SF
Area
Douglas County, CO
Vacancy
2.30%
Lease Rate
$30.12 /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%
$6,003,400
Cap Rate 7%
$4,288,143
Cap Rate 9%
$3,335,222
Alternative Uses
Best Use
Retail
$4.29M
$3.75M – $5.00M
NOI $300,170 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,365 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
80,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,231
Businesses Nearby
379k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Shops & Services 25%
Superstores 25%
Home Improvements & Furnishings 11%
Target
Superstores
94,985 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
43,297 visits/mo
0.4 miles
McDonald's
Dining
41,181 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
39,005 visits/mo
0.2 miles
Dollar Tree
Shops & Services
21,866 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail property with dining, entertainment, and professional-service tenants.
Where is this shopping center located?
The property is located at 18951 East Mainstreet Parker, CO.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 14,572‑square‑foot shopping center on a 1.00‑acre parcel; 100% occupied by dining, entertainment, and professional‑service tenants; Weighted average lease term of 5.88 years
