Retail/Office Property in Aspen
For Sale
$650,000
26497 Conifer Road Aspen, Conifer, CO 80433
Retail/office property with highway access and high visibility.
Property Size3,734 SF
Days on Market283
Property Features for 26497 Conifer Road Aspen
General Information
Standard status
Active
Size
3,734 SF
Class
C
Property subtype
Multi Tenant Office
Building Details
Building Size
3,734 SF
Year Built
1961
Listing Agency:
Evergreen Commercial Group LLC
Listed By:
William Downes · License #FA40043918
(303) 838-2000
Source:
Thebrokerlist
Added: Nov 25, 2025
Changed: Sep 3
Last Checked: Sep 4 at 2:07AM
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 Evergreen Commercial Group LLC
Investment Insights
Based on property information with market context.
This property is primarily a retail property situated in the business center of Aspen Park. It benefits from easy access to both north and south Highway 285 and is located at a key intersection over the highway. The property offers great visibility from Conifer Road. It is suitable for versatile office or retail use and is well-parked. The property is fully leased and features a new septic system. The building has a size of 3734 square feet.
Key Highlights
- Fully leased, providing immediate income.
- Great visibility from Conifer Rd, maximizing exposure.
- Easy access from north and south Hwy 285, ensuring convenient commutes.
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
$59,640
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
9.18%
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%
$1,192,800
$1.2M
Cap Rate 7%
$852,000
$852.0K
Cap Rate 9%
$662,667
$662.7K
Market Conditions
NOI Build-Up for 3,734 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
$90.1K $24.12/SF
− Vacancy
−$4.9K −$1.30/SF
EGI
$85.2K $22.82/SF
− OpEx
−$25.6K −$6.85/SF
NOI
$59.6K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /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%
$1,192,800
Cap Rate 7%
$852,000
Cap Rate 9%
$662,667
Alternative Uses
Best Use
Retail
$852.0K
$745.5K – $994.0K
NOI $59,640 @ 7.0% cap · market cap 9.18%
Second Best
Office B
$718.9K
$629.0K – $838.7K
NOI $50,320 @ 7.0% cap · market cap 7.74%
Theoretical Best
Multifamily LT 5
$8.31M
$7.27M – $9.69M
NOI $581,665 @ 7.0% cap · market cap 89.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 80433, CO
8,209
Population
3,578
Households
2.3
Avg Household Size
48
Median Age
57%
College-Educated
98%
High-School Grad
66.5 sq mi
ZIP Area
123
Density / Sq Mi
$128,580
Median Household Income
$73,650
Median Earnings
$2,651
Median Rent
$697,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail/office property with highway access and high visibility.
Where is this retail property located?
The property is located at 26497 Conifer Road Aspen Conifer, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully leased, providing immediate income.; Great visibility from Conifer Rd, maximizing exposure.; Easy access from north and south Hwy 285, ensuring convenient commutes.
