Newer Residential Income
New
For Sale
$372,188
242 Scaup Ln, Johnstown, CO 80534
CONDOS - Other - Johnstown, CO
Property Size1,592 SF
Lot Size0.05 Acres
Price / SF$233.79
Days on Market1
Property Features for 242 Scaup Ln
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Dining Room, Bedroom 3, Bathroom 3, Bathroom 2
Appliances
No Inclusions
Subdivision
Johnstown Village Fg 2
Elementary school
Pioneer Ridge
Middle school
Milliken
High school
Roosevelt
Elementary school district
Weld RE-5J
Middle school district
Weld RE-5J
High school district
Weld RE-5J
Directions
From Hwy 60, turn south on Colorado Blvd, east on Meadowlark, South on Bluebird Ln, South on Scaup to property on your right
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
R8978049
Size
1,592 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3558
HOA Fee
$120 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
2
Building materials
Frame, Stone
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Nexus · RE/MAX International
(970) 295-4760
Listed By:
Josh Landers
(303) 819-1638
Added: Aug 12
Last Checked: Aug 12 at 8:06PM
MLS# 1066279
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2024, this 1,592-square-foot residential income property offers three bedrooms, 2.5 bathrooms, and a two-car garage within a 0.05-acre lot. The interior includes an open main-level arrangement connecting the living room and kitchen, luxury vinyl plank flooring, granite countertops, a center island, and stainless steel appliances. A front porch adds outdoor entry space, while the upper level provides laundry access. The primary bedroom includes a private bathroom and walk-in closet.
The property is located in Johnstown near I-25 and the Ledge Rock shopping center. R1 zoning, forced-air heating, central air, natural gas availability, and public sewer service are also included.
The property is located in Johnstown near I-25 and the Ledge Rock shopping center. R1 zoning, forced-air heating, central air, natural gas availability, and public sewer service are also included.
Key Highlights
- 1,592‑square‑foot residence built in 2024
- Three bedrooms, 2.5 bathrooms, and a two‑car garage
- Open main level with living room and kitchen connection
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
$16,826
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
4.52%
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%
$336,520
$336.5K
Cap Rate 7%
$240,371
$240.4K
Cap Rate 9%
$186,956
$187.0K
Market Conditions
NOI Build-Up for 1,592 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
$32.5K $20.40/SF
− Vacancy
−$1.9K −$1.18/SF
EGI
$30.6K $19.22/SF
− OpEx
−$13.8K −$8.65/SF
NOI
$16.8K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$336,520
Cap Rate 7%
$240,371
Cap Rate 9%
$186,956
Alternative Uses
Best Use
Apartment 5plus
$240.4K
$210.3K – $280.4K
NOI $16,826 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$290.1K
$253.9K – $338.5K
NOI $20,310 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance residence with modern finishes, private primary suite, attached garage, and convenient access to shopping and I-25.
Where is this residential income property located?
The property is located at 242 Scaup Ln Johnstown, CO.
What is the asking price?
The asking price for this property is $372,188.
What are key features of this property?
This property features: 1,592‑square‑foot residence built in 2024; Three bedrooms, 2.5 bathrooms, and a two‑car garage; Open main level with living room and kitchen connection
