Evergreen Commercial Condo For
For Sale
$325,000
29713 Troutdale Scenic Drive #A2, Evergreen, CO 80439
Versatile commercial condo minutes from downtown Evergreen and Highway 74.
Property Size1,316 SF
Lot Size0.12 Acres
Price / SF$246.96
Days on Market338
Property Features for 29713 Troutdale Scenic Drive #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
Amenities
110V
220 Volts
Composition Roof
Concrete Driveway
Foothills
Lighted
Building Details
Year Built
1982
Listing Agency:
Brokers Guild Real Estate
(303) 752-0007
Listed By:
KRISTEN GUSTAFSON · License #100075569
Source:
Corcoran
Added: Sep 18, 2025
Changed: Aug 14
Last Checked: Aug 14 at 6:01AM
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 offers a flexible space suitable for entrepreneurs, professionals, or investors. The property features a large, open main area adaptable for various uses such as a salon, studio, retail shop, office, or collaborative workspace. It includes two private rooms suitable for treatment rooms, offices, or private meeting spaces. One of these rooms has a private exit to the back of the property, offering the option to create a private drive or an outdoor patio space. A convenient kitchenette area supports both staff and clients. The space is bright and airy, featuring newer skylight windows that provide natural light and fresh air. The building's exterior was freshly painted in 2023, enhancing its professional appearance. Ample parking is available on-site for clients, employees, and customers. HOA/COA inclusions cover trash and recycling services, water and sewer, exterior building maintenance, and common area maintenance. The property is located minutes from Evergreen's dining, shopping, and amenities, 30 minutes from Downtown Denver, and less than an hour from DIA and Colorado’s ski resorts. The property size is 1316 square feet.
Key Highlights
- Prime Location: Minutes from downtown Evergreen, offering easy access to amenities, dining, and shopping, while also being conveniently located off Highway 74.
- Flexible Commercial Space: Large open layout suitable for various business types (salon, studio, retail, office, etc.) offering adaptability for different ventures.
- Private Rooms & Potential Outdoor Space: Includes two private rooms, one with a private exit, allowing for potential development of a private drive or patio/outdoor area.
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
$21,019
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
6.47%
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%
$420,380
$420.4K
Cap Rate 7%
$300,271
$300.3K
Cap Rate 9%
$233,544
$233.5K
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
$31.7K $24.12/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$30.0K $22.82/SF
− OpEx
−$9.0K −$6.85/SF
NOI
$21.0K $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%
$420,380
Cap Rate 7%
$300,271
Cap Rate 9%
$233,544
Alternative Uses
Best Use
Retail
$300.3K
$262.7K – $350.3K
NOI $21,019 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial condo minutes from downtown Evergreen and Highway 74.
Where is this retail space located?
The property is located at 29713 Troutdale Scenic Drive #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, offering easy access to amenities, dining, and shopping, while also being conveniently located off Highway 74.; Flexible Commercial Space: Large open layout suitable for various business types (salon, studio, retail, office, etc.) offering adaptability for different ventures.; Private Rooms & Potential Outdoor Space: Includes two private rooms, one with a private exit, allowing for potential development of a private drive or patio/outdoor area.
