Renovated Retail Building For
For Sale
$350,000
220 Oak Ave, Eaton, CO 80615
Retail building renovated in 2020 with offices and storage.
Property Size1,147 SF
Price / SF$305.14
Days on Market184
Property Features for 220 Oak Ave
General Information
Standard status
Active
Size
1,147 SF
Building Details
Year Built
1919
Listing Agency:
Wheeler Properties, Inc
Listed By:
Jessica Florez · License #FA.100099707
(970) 545-0709
Source:
Thestrohmangroup
Added: Apr 27
Changed: Oct 25
Last Checked: Oct 26 at 7:49PM
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 Wheeler Properties, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail building, renovated in 2020, offers 1,147 square feet of space. The main floor includes a lobby or reception room, multiple offices, a kitchenette, and a bathroom. The basement provides an additional 167 square feet of storage space. Additional parking spaces are located around the back of the building. A ramp from the sidewalk to the front door provides easy access to the main level.
Key Highlights
- Renovated in 2020
- Multiple offices on the main floor
- Lobby/reception room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,964
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,280
$259.3K
Cap Rate 7%
$185,200
$185.2K
Cap Rate 9%
$144,044
$144.0K
Market Conditions
NOI Build-Up for 1,147 SF
Gross rent
$20.6K $18.00/SF
− Vacancy
−$2.1K −$1.85/SF
EGI
$18.5K $16.15/SF
− OpEx
−$5.6K −$4.84/SF
NOI
$13.0K $11.30/SF
Area
Weld County, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,280
Cap Rate 7%
$185,200
Cap Rate 9%
$144,044
Alternative Uses
Best Use
Retail
$185.2K
$162.1K – $216.1K
NOI $12,964 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$209.0K
$182.9K – $243.9K
NOI $14,633 @ 7.0% cap · market cap 4.18%
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
341
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 17%
Home Improvements & Furnishings 14%
McDonald's
Dining
18,952 visits/mo
0.3 miles
A&W Restaurant
Dining
7,883 visits/mo
0.4 miles
Poulsen Ace Hardware
Home Improvements & Furnishings
7,505 visits/mo
0.4 miles
Exxon
Shops & Services
4,313 visits/mo
0.1 miles
Casa Maria
Dining
4,070 visits/mo
0.5 miles
Demographics for 80615, CO
9,486
Population
3,684
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
105.9 sq mi
ZIP Area
90
Density / Sq Mi
$106,948
Median Household Income
$54,897
Median Earnings
$1,661
Median Rent
$489,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building renovated in 2020 with offices and storage.
Where is this retail space located?
The property is located at 220 Oak Ave Eaton, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Renovated in 2020; Multiple offices on the main floor; Lobby/reception room
