Commercial Land with Existing
2031 N State Highway 83, Franktown, CO 80116
For Sale
New
Contact for pricing
An existing building is situated on an 8,635-square-foot commercial property along State Highway 83.
Property Size8,635 SF
Price / SF$330.05
Days on Market4
Property Features for 2031 N State Highway 83
General Information
Standard status
Size
Property subtype
Listing Agency:
Trevey Commercial Real Estate
(303) 841-1400
Listed By:
Thomas Daher
(303) 916-8231
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 10:52AM
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 Trevey Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,635-square-foot commercial property in Franktown includes an existing structure. The property is classified as commercial land, with the building providing an existing physical improvement on site.
The address is on North State Highway 83. The property information also identifies Highway 86 in describing access in the area.
The address is on North State Highway 83. The property information also identifies Highway 86 in describing access in the area.
Key Highlights
- 8,635‑square‑foot commercial property
- Existing structure on site
- Located on North State Highway 83 in Franktown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,873
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,557,460
$3.6M
Cap Rate 7%
$2,541,043
$2.5M
Cap Rate 9%
$1,976,367
$2.0M
Market Conditions
NOI Build-Up for 8,635 SF
Gross rent
$260.1K $30.12/SF
− Vacancy
−$6.0K −$0.69/SF
EGI
$254.1K $29.43/SF
− OpEx
−$76.2K −$8.83/SF
NOI
$177.9K $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 Rate 5%
$3,557,460
Cap Rate 7%
$2,541,043
Cap Rate 9%
$1,976,367
Alternative Uses
Best Use
Retail
$2.54M
$2.22M – $2.96M
NOI $177,873 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,617 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Conoco
Shops & Services
7,023 visits/mo
0.3 miles
Sinclair
Shops & Services
5,919 visits/mo
0.0 miles
Wells Fargo
Shops & Services
2,906 visits/mo
0.0 miles
SUBWAY
Dining
1,911 visits/mo
0.0 miles
Demographics for 80116, CO
4,716
Population
1,973
Households
2.4
Avg Household Size
50
Median Age
58%
College-Educated
99%
High-School Grad
92.0 sq mi
ZIP Area
51
Density / Sq Mi
$151,250
Median Household Income
$68,706
Median Earnings
$2,058
Median Rent
$904,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Commercial land in Douglas County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial land - An existing building is situated on an 8,635-square-foot commercial property along State Highway 83.
Where is this commercial land located?
The property is located at 2031 N State Highway 83 Franktown, CO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 8,635‑square‑foot commercial property; Existing structure on site; Located on North State Highway 83 in Franktown
