Gas Station with Car
For Sale
$900,000
Pending
2202 W Evans Avenue, Englewood, CO 80110
Operating convenience retail includes a separate vehicle-wash facility and covered fueling area.
Property Size2,112 SF
Days on Market162
Property Features for 2202 W Evans Avenue
General Information
Standard status
Pending
Size
2,112 SF
Property subtype
Retail
Net Operating Income
$43,044
Additional Details
Cap Rate
4.8%
Fuel Pumps
8
Taxes and HOA fees
Annual Taxes
$33,967
Building Details
Building Size
2,112 SF
Year Built
1986
Buildings
2
Tenancy
Single
Listing Agency:
Ajax Realty Group
Listed By:
Brett Bennett · License #40005471
(303) 549-4182
Source:
Corken
Added: May 6
Changed: Oct 6
Last Checked: Oct 12 at 11:37PM
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 Ajax Realty Group
Investment Insights
Based on property information with market context.
The property combines a convenience store, fueling operation, and standalone car wash. The retail building contains 1,320 square feet, while the separate wash structure adds 792 square feet. Eight covered fuel positions serve the site, and the improvements date to 1986.
Circle K occupies the convenience store and gas station under an absolute NNN lease. The property is located at 2202 W Evans Avenue in Englewood, Colorado, near a major thoroughfare with drive-by exposure. The existing configuration brings together convenience retail, fuel service, and vehicle washing on one commercial site.
Circle K occupies the convenience store and gas station under an absolute NNN lease. The property is located at 2202 W Evans Avenue in Englewood, Colorado, near a major thoroughfare with drive-by exposure. The existing configuration brings together convenience retail, fuel service, and vehicle washing on one commercial site.
Key Highlights
- 1,320‑square‑foot convenience retail building
- 792‑square‑foot standalone car wash
- Eight covered fuel pumps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,160
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,200
$763.2K
Cap Rate 7%
$545,143
$545.1K
Cap Rate 9%
$424,000
$424.0K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$57.0K $27.00/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$54.5K $25.81/SF
− OpEx
−$16.4K −$7.74/SF
NOI
$38.2K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,200
Cap Rate 7%
$545,143
Cap Rate 9%
$424,000
Alternative Uses
Best Use
Retail
$545.1K
$477.0K – $636.0K
NOI $38,160 @ 7.0% cap · market cap 4.24%
Second Best
Specialty Retail
$468.1K
$409.6K – $546.2K
NOI $32,769 @ 7.0% cap · market cap 3.64%
Theoretical Best
Multifamily LT 5
$31.36M
$27.44M – $36.58M
NOI $2,194,952 @ 7.0% cap · market cap 243.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Groceries 30%
Shops & Services 18%
Walmart
Superstores
75,571 visits/mo
0.4 miles
King Soopers
Groceries
40,500 visits/mo
0.4 miles
King Soopers Fuel Center
Shops & Services
14,908 visits/mo
0.4 miles
Circle K
Shops & Services
6,199 visits/mo
0.0 miles
KeyBank
Shops & Services
4,075 visits/mo
0.3 miles
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Gas station - Operating convenience retail includes a separate vehicle-wash facility and covered fueling area.
Where is this gas station located?
The property is located at 2202 W Evans Avenue Englewood, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,320‑square‑foot convenience retail building; 792‑square‑foot standalone car wash; Eight covered fuel pumps
