Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Evergreen Development Opportunity Title is generated by Realmo AI

    29259-29339 US Hwy 40, Evergreen, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with I-70 frontage in Evergreen, Colorado.

    Type:LAND
    Lot size:
    8.75 Acres
    Added:
    May 27, 2025
    Days on Market:
    365
    Last Refresh:
    May 20 at 9:23 pm

    Property Features for 29259-29339 US Hwy 40

    General Information

    Standard status
    Active
    Lot size
    8.75 Acres
    Property subtype
    LAND

    Properties For Sale

    at 29259-29339 US Hwy 40 Contact us

    We can help!

    Listing Contact
    Steve Markey
    Steve Markey

    Listing agent Steve Markey

    Listing office JLL | Denver

    Listing date May 27, 2025

    Source Moodyscre

    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 JLL | Denver

    HighLights

    • Unmatched exposure with direct‑frontage along I‑70, seeing nearly 80,000 cars per day.
    • Premier development opportunity in Evergreen.
    • Quick, easy access to/from I‑70.
    • Retail sites range from 0.67 AC to 1.86 AC.
    • C‑1 (Commercial‑1) District zoning allows for a wide variety of uses.

    Overview

    This commercial land in Evergreen presents a development opportunity. The retail sites range in size from 0.67 acres to 1.86 acres. The property benefits from direct frontage along I-70, providing exposure to approximately 80,000 vehicles daily. Access to and from I-70 is quick and easy. The C-1 (Commercial-1) District zoning permits a variety of uses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Evergreen
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.32
    Latitude
    39.63

    Nearby Similar for Sale

    • $335,000
      1,000 SF

      Evergreen Office Condo For Sale

      1,000 SF office condo with kitchen, bath, and laundry.
      30746 Bryant Dr 401, Evergreen, CO 80439
      View Details
    • $999,999
      4,000 SF

      Evergreen Office Space for Sale

      Office spaces in Evergreen, CO, with mountain views and modern amenities.
      30480 Stagecoach Blvd, Evergreen, CO 80439
      View Details
    • $325,000

      Evergreen Land Near Evergreen Lake

      Land parcel near Evergreen Lake and downtown Evergreen, Colorado.
      27406 Mountain Park Road, Evergreen, CO 80439
      View Details
    • $100,000
      365 SF

      Evergreen Office Condo For Sale

      Turnkey office condo in central Evergreen with foothills views.
      30752 Southview Dr G/110, Evergreen, CO 80439
      View Details
    • $345,000
      1,000 SF

      Evergreen Office Condo with Amenities

      Ground-floor office condo with kitchen, bath, laundry, and parking.
      30746 Bryant Drive #401, Evergreen, CO 80439
      View Details
    • $179,000

      Evergreen Land Parcel For Sale

      1.2-acre vacant land parcel in Sprucedale Park Subdivision.
      7000 - 7022 Blue Creek Rd, Evergreen, CO 80439
      View Details
    • $750,000

      Prime Commercial Land in Evergreen

      Commercial land with high visibility and accessibility in Evergreen, CO.
      3949 Evergreen Pkwy Access Road, Evergreen, CO 80439
      View Details
    • $895,000
      1,618 SF

      Equestrian Property with Vintage Log Cabin

      Three-acre Evergreen property with horse setup, home, and log cabin.
      8830 Blue Creek, Evergreen, CO 80439
      View Details
    • $325,000

      Evergreen Land Ready-to-Build Opportunity

      1.57 acre lot with well and septic system.
      26779 Fern Gulch Road, Evergreen, CO 80439
      View Details
    • $995,000

      Unique Building with I-70 Visibility

      Two-unit building with I-70 visibility, suitable for short-term rentals.
      25 Saddleback Dr A and B, Evergreen, CO 80439
      View Details
    • $1,550,000
      10,229 SF

      Evergreen Office/Medical Building For Sale

      Renovated 10,229 SF building suitable for office or medical use.
      30616 Bryant Dr, Evergreen, CO
      View Details
    • $259,000

      Evergreen Build-Ready Lot For Sale

      1.58-acre lot with utilities in place in Evergreen, Colorado.
      32764 Lodgepole Circle lot: 6, EVERGREEN, CO 80439
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with I-70 frontage in Evergreen, Colorado.
    Where is this commercial land located?
    The property is located at 29259-29339 US Hwy 40 Evergreen, CO.
    What are key features of this property?
    This property features: Unmatched exposure with direct‑frontage along I‑70, seeing nearly 80,000 cars per day.; Premier development opportunity in Evergreen.; Quick, easy access to/from I‑70.
    (720) 632-7139 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Markey
    Steve Markey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29259-29339 US Hwy 40, Evergreen, CO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!