2916 Glendale Dr, Evans, CO 80620
18-unit apartment complex in Evans, Colorado.
- Added:
- Oct 9, 2024
- Days on Market:
- 612
- Last Refresh:
- May 12 at 11:01 pm
Property Features for 2916 Glendale Dr
General Information
- Standard status
- Active
- Size
- 13,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agent Jim Knowlton License #CO FA100032419
Listing office Pinnacle Real Estate Advisors
Listing date Oct 9, 2024
Source Crexi
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 Pinnacle Real Estate Advisors
HighLights
- Value‑add opportunity through proven renovation strategy.
- Below replacement cost acquisition basis.
- Individually deeded units offering flexibility.
- Well‑maintained 18‑unit apartment complex.
- Located in Evans, CO.
- Three 6‑unit buildings.
Overview
Local Financial Insights For Apartment 5plus
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 | $267.0k | $20.40 |
| − Vacancy | −$15.5k | −$1.18 |
| EGI | $251.5k | $19.22 |
| − OpEx | −$113.2k | −$8.65 |
| NOI | $138.3k | $10.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Evans
- County
- Weld
- State
- Colorado
- Longitude
- -104.693021
- Latitude
- 40.3896717
