Gas Station with Car
For Sale
Contact for pricing
2900 S Wadsworth Blvd, Denver, CO 80227
Multi-tenant property combines convenience retail with automotive service uses.
Property Size8,390 SF
Price / SF$381.41
Days on Market15
Property Features for 2900 S Wadsworth Blvd
General Information
Standard status
Active
Size
8,390 SF
Class
B
Total Parking Spaces
20
Property subtype
Retail, Business for Sale
Zoning
Commercial Retail / Automotive Use Aligned
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1999
Year Renovated
2026
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
LREI
Listed By:
Joey Laratta · License #CO EA100069513
Source:
Crexi
Added: Aug 19
Changed: Sep 1
Last Checked: Sep 1 at 9:24PM
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 LREI
Investment Insights
Based on property information with market context.
This 8,390-square-foot gas station property, built in 1999, combines an unbranded convenience store with automotive-oriented improvements. The site includes a Grease Monkey service operation, a fuel delivery asset, and a recently renovated car wash within a multi-tenant configuration. Zoning is identified as Commercial Retail / Automotive Use Aligned.
The property is located at 2900 S Wadsworth Blvd in Denver's Bear Valley neighborhood, along South Wadsworth Boulevard, identified in the source as State Highway 121. Its position between W Yale Ave and W Hampden Ave places the asset within an established Southwest Denver retail corridor.
The property is located at 2900 S Wadsworth Blvd in Denver's Bear Valley neighborhood, along South Wadsworth Boulevard, identified in the source as State Highway 121. Its position between W Yale Ave and W Hampden Ave places the asset within an established Southwest Denver retail corridor.
Key Highlights
- 8,390‑square‑foot gas station property built in 1999
- Unbranded convenience store with Grease Monkey anchor
- Recently renovated car wash
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
$123,053
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
3.85%
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%
$2,461,060
$2.5M
Cap Rate 7%
$1,757,900
$1.8M
Cap Rate 9%
$1,367,256
$1.4M
Market Conditions
NOI Build-Up for 8,390 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
$172.2K $20.52/SF
− Vacancy
−$8.1K −$0.96/SF
EGI
$164.1K $19.56/SF
− OpEx
−$41.0K −$4.89/SF
NOI
$123.1K $14.67/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
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%
$2,461,060
Cap Rate 7%
$1,757,900
Cap Rate 9%
$1,367,256
Alternative Uses
Best Use
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $123,053 @ 7.0% cap · market cap 3.85%
Second Best
Retail
$1.64M
$1.44M – $1.91M
NOI $114,850 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,959 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Dining 37%
Shops & Services 18%
Home Improvements & Furnishings 2%
Kohl's
Apparel
47,127 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,126 visits/mo
0.2 miles
Red Robin Gourmet Burgers
Dining
13,564 visits/mo
0.5 miles
Village Inn
Dining
8,964 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,382 visits/mo
0.2 miles
Demographics for 80227, CO
35,567
Population
16,509
Households
2.2
Avg Household Size
39
Median Age
44%
College-Educated
93%
High-School Grad
10.8 sq mi
ZIP Area
3,293
Density / Sq Mi
$88,796
Median Household Income
$55,937
Median Earnings
$1,786
Median Rent
$535,000
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Multi-tenant property combines convenience retail with automotive service uses.
Where is this gas station located?
The property is located at 2900 S Wadsworth Blvd Denver, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 8,390‑square‑foot gas station property built in 1999; Unbranded convenience store with Grease Monkey anchor; Recently renovated car wash
