2202 W Evans Ave, Englewood, CO 80110
COMMERCIAL - Englewood, CO
Property Features for 2202 W Evans Ave
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The property is located at 2202 W Evans Ave in Englewood, Colorado, positioned just off a major thoroughfare for drive-by visibility and convenient access.
An absolute triple-net lease is in place with Circle K. The current lease runs until the end of November, with potential 15-year renewal terms to be negotiated. The current base cap rate is reported at 4.8%.
Key Highlights
- 0.55‑acre site with a 1,320 SF Circle K convenience store retail building
- 792 SF standalone car wash
- Eight covered fuel pumps
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.0k | $27.00 |
| − Vacancy | −$2.5k | −$1.19 |
| EGI | $54.5k | $25.81 |
| − OpEx | −$16.4k | −$7.74 |
| NOI | $38.2k | $18.07 |
Alternative Uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Foot Traffic Nearby
Demographics for 80110, CO
Market
Vacancy Rate% for Retail in West region