Evergreen Commercial Condo For
For Sale
$325,000
29713 Troutdale Scenic Dr A2, Evergreen, CO 80439
Versatile commercial condo minutes from downtown Evergreen and Highway 74.
Property Size1,316 SF
Lot Size0.12 Acres
Days on Market164
Property Features for 29713 Troutdale Scenic Dr A2
General Information
Standard status
Active
Size
1,316 SF
Lot size
0.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,433
Building Details
Building Size
1,316 SF
Year Built
1982
Stories
2
Units
1
Listing Agency:
Brokers Guild Real Estate
(303) 550-1497
Listed By:
Kristen Gustafson · License #100075569
(303) 550-1497
Source:
Elliman
Added: Mar 12
Changed: Aug 15
Last Checked: Aug 21 at 7:38AM
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 Brokers Guild Real Estate
Investment Insights
Based on property information with market context.
This commercial condo for sale is located minutes from downtown Evergreen and directly off Highway 74. The property offers a combination of functionality, accessibility, and mountain charm. The unit features a large open main area suitable for a salon, studio, retail shop, office, or collaborative workspace. It includes two private rooms, one with a private exit to the back of the property, where there is an option to create a private drive or build out a patio or outdoor space. A convenient kitchenette supports staff and clients, making the unit a live-work contender. Newer skylight windows fill the space with natural light and fresh mountain air. The building was freshly painted in 2023. Ample open parking is available on-site. HOA/COA inclusions cover trash and recycling, water and sewer, exterior building maintenance, and common area maintenance. The location is just minutes from Evergreen dining, shopping, and amenities, 30 minutes to Downtown Denver, and less than an hour to DIA and Colorado’s ski resorts.
Key Highlights
- Prime Location: Minutes from downtown Evergreen and Highway 74, offering easy access to amenities and Denver.
- Versatile Space: Large open area suitable for various businesses.
- Two Private Rooms: Ideal for offices, treatment rooms, or meetings; one with private exit.
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
$18,452
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
5.68%
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%
$369,040
$369.0K
Cap Rate 7%
$263,600
$263.6K
Cap Rate 9%
$205,022
$205.0K
Market Conditions
NOI Build-Up for 1,316 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
$33.3K $25.32/SF
− Vacancy
−$3.8K −$2.89/SF
EGI
$29.5K $22.43/SF
− OpEx
−$11.1K −$8.41/SF
NOI
$18.5K $14.02/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
37.50%
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%
$369,040
Cap Rate 7%
$263,600
Cap Rate 9%
$205,022
Alternative Uses
Best Use
Mixed Use
$263.6K
$230.7K – $307.5K
NOI $18,452 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$253.3K
$221.7K – $295.6K
NOI $17,734 @ 7.0% cap · market cap 5.46%
Theoretical Best
Multifamily LT 5
$2.93M
$2.56M – $3.42M
NOI $205,000 @ 7.0% cap · market cap 63.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 80439, CO
24,711
Population
11,137
Households
2.2
Avg Household Size
49
Median Age
71%
College-Educated
98%
High-School Grad
168.8 sq mi
ZIP Area
146
Density / Sq Mi
$152,156
Median Household Income
$67,162
Median Earnings
$1,870
Median Rent
$838,000
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?
Live-work space - Versatile commercial condo minutes from downtown Evergreen and Highway 74.
Where is this live-work space located?
The property is located at 29713 Troutdale Scenic Dr A2 Evergreen, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime Location: Minutes from downtown Evergreen and Highway 74, offering easy access to amenities and Denver.; Versatile Space: Large open area suitable for various businesses.; Two Private Rooms: Ideal for offices, treatment rooms, or meetings; one with private exit.
