High-Visibility Retail Space on
For Sale
Contact for pricing
2199 S Parker Rd, Denver, CO 80231
Retail-zoned space on a high-traffic corridor in Denver.
Property Size10,100 SF
Lot Size0.84 Acres
Price / SF$297.03
Days on Market180
Property Features for 2199 S Parker Rd
General Information
Standard status
Active
Size
10,100 SF
Total Parking Spaces
41
Lot size
0.84 Acres
Property subtype
Retail
Zoning
B-1, Denver
Occupancy
100%
Net Operating Income
$208,996
Building Details
Year Built
1983
Stories
1
Tenancy
Multi
Listing Agency:
Brockman Group
(303) 668-4930
Listed By:
Jules Hochman · License #ER 04002671
Source:
Crexi
Added: Feb 24
Changed: Aug 15
Last Checked: Aug 22 at 6:20AM
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 Brockman Group
Investment Insights
Based on property information with market context.
Located on a highly trafficked arterial corridor in Denver, 2199 S Parker Rd is a commercial property offering visibility and accessibility in the southeast submarket. The property is positioned on approximately 0.84 acres and includes 10,100 sq ft of retail-zoned space. The location benefits from strong traffic counts, a dense nearby residential population, and proximity to retail and employment hubs. Zoned B-1 and priced at $3,000,000, the site offers flexibility for owner-occupiers or investors seeking a visible presence along a major thoroughfare with commercial demand.
Key Highlights
- Premier commercial property on a highly trafficked arterial corridor in Denver.
- Rare visibility and accessibility in the southeast submarket.
- 10,100 sq ft of retail‑zoned space on approximately 0.84 acres.**
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
$138,258
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
4.61%
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%
$2,765,160
$2.8M
Cap Rate 7%
$1,975,114
$2.0M
Cap Rate 9%
$1,536,200
$1.5M
Market Conditions
NOI Build-Up for 10,100 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
$207.3K $20.52/SF
− Vacancy
−$9.7K −$0.96/SF
EGI
$197.5K $19.56/SF
− OpEx
−$59.3K −$5.87/SF
NOI
$138.3K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /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%
$2,765,160
Cap Rate 7%
$1,975,114
Cap Rate 9%
$1,536,200
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.30M
NOI $138,258 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.81M – $3.75M
NOI $225,064 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
246k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 35%
Apparel 29%
T.J. Maxx
Apparel
59,743 visits/mo
0.3 miles
Murphy USA
Shops & Services
26,313 visits/mo
0.2 miles
Five Below
Shops & Services
16,693 visits/mo
0.5 miles
Bubba's 33
Dining
16,198 visits/mo
0.2 miles
First Watch
Dining
9,636 visits/mo
0.4 miles
Demographics for 80231, CO
36,014
Population
18,252
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
7,350
Density / Sq Mi
$73,961
Median Household Income
$48,062
Median Earnings
$1,727
Median Rent
$489,900
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail-zoned space on a high-traffic corridor in Denver.
Where is this retail space located?
The property is located at 2199 S Parker Rd Denver, CO.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Premier commercial property on a highly trafficked arterial corridor in Denver.; Rare visibility and accessibility in the southeast submarket.; 10,100 sq ft of retail‑zoned space on approximately 0.84 acres.**
