Income-Generating Acreage with Storage
For Sale
$1,600,000
2151 Elizabeth, Parker, CO 80138
35-acre property with home and 15,000 sq ft building.
Property Size2,592 SF
Lot Size35.00 Acres
Price / SF$617.28
Days on Market293
Property Features for 2151 Elizabeth
General Information
Standard status
Active
Size
2,592 SF
Lot size
35.00 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$2,089
Amenities
Patio
Composition Roof
Cul-De-Sac
Forced Air Heating
Outbuildings
Sloping Lot
Building Details
Year Built
2016
Listing Agency:
HomesIQ
(303) 898-0598
Listed By:
DAVID MATHEWES · License #100013250
(303) 457-4800
Source:
Corcoran
Added: Dec 29, 2025
Changed: Oct 8
Last Checked: Oct 16 at 9:22AM
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 HomesIQ
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Investment Insights
Based on property information with market context.
This 35-acre property features a 2,592 sq. ft. ranch-style home with 3 bedrooms and 2 bathrooms. The house is built with 2x6 construction and 5/8" drywall. Attached to the home is a 15,000 sq. ft. building with a zoning variance that allows for an indoor storage business. The current owner operates a storage business, and many renters wish to stay, presenting a turnkey income opportunity. The space can be expanded or reimagined. Part of the building is used as an RV and boat repair shop, with an upper-level storage area that could be expanded for more revenue. The property offers options to continue the storage business, add new services, live onsite and manage it, or rent out the house. Agricultural zoning keeps possibilities open. Additional features include a lofting shed, chicken coop, small orchard, a small shooting range, and a backup generator. The property is located in Parker, CO.
Key Highlights
- Turnkey income opportunity with existing storage business and potential for expansion.
- Rare zoning variance allowing an indoor storage business.
- Substantial 15,000 sq. ft. building attached to the home, suitable for various business ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,393
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,860
$1.1M
Cap Rate 7%
$762,757
$762.8K
Cap Rate 9%
$593,256
$593.3K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$78.1K $30.12/SF
− Vacancy
−$1.8K −$0.69/SF
EGI
$76.3K $29.43/SF
− OpEx
−$22.9K −$8.83/SF
NOI
$53.4K $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%
$1,067,860
Cap Rate 7%
$762,757
Cap Rate 9%
$593,256
Alternative Uses
Best Use
Retail
$762.8K
$667.4K – $889.9K
NOI $53,393 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$528.4K
$462.4K – $616.5K
NOI $36,989 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$890.3K
$779.0K – $1.04M
NOI $62,321 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 80138, CO
34,337
Population
12,752
Households
2.7
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
61.9 sq mi
ZIP Area
555
Density / Sq Mi
$142,397
Median Household Income
$60,990
Median Earnings
$1,919
Median Rent
$679,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - 35-acre property with home and 15,000 sq ft building.
Where is this self storage facility located?
The property is located at 2151 Elizabeth Parker, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turnkey income opportunity with existing storage business and potential for expansion.; Rare zoning variance allowing an indoor storage business.; Substantial 15,000 sq. ft. building attached to the home, suitable for various business ventures.
