Evergreen Parkway Commercial Buildings For
For Sale
$1,550,000
3022 Evergreen Parkway, Evergreen, CO 80439
Two buildings on Evergreen Parkway with income and redevelopment potential.
Property Size3,465 SF
Lot Size1.00 Acre
Price / SF$225.45
Days on Market195
Property Features for 3022 Evergreen Parkway
General Information
Standard status
Active
Size
3,465 SF
Lot size
1.00 Acre
Property subtype
Retail
Building Details
Building Size
3,465 SF
Stories
1
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Basel Fleischli
(720) 381-0021
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 7 at 9:36AM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
Located along Evergreen’s primary commercial corridor, the property at 3022 Evergreen Parkway features two freestanding commercial buildings totaling approximately 6,875 square feet on nearly 1 acre combined. The site has direct exposure to Evergreen Parkway (Highway 74) with traffic counts exceeding 23,000 vehicles per day. The property offers visibility and accessibility in one of Evergreen’s active commercial corridors. The offering includes two adjacent parcels with C-1 zoning, providing flexibility for a range of service, automotive, contractor, and retail uses. The properties have historically supported auto repair and towing operations and feature functional layouts suited for shop, service, and light industrial users. The property generates approximately $9,800 per month in gross rental income ($117,600 annually). Evergreen Parkway serves as the primary commercial spine of Evergreen, connecting local residents, visitors, and commuters traveling between Evergreen, Bergen Park, and Interstate 70. The area benefits from local demographics and consistent year-round traffic. Ideal uses include auto repair or mechanical shop, towing company operations, automotive specialty services (tire, brake, detailing), contractor headquarters (HVAC, plumbing, electrical, landscaping), equipment service or fabrication, retail/service hybrid concepts, and small business flex or maker space.
Key Highlights
- Two freestanding commercial buildings totaling approximately 6,875 SF on nearly 1 acre with direct exposure to Evergreen Parkway (Highway 74).
- Located on Evergreen's primary commercial corridor with high traffic counts (exceeding 23,000 vehicles per day), offering exceptional visibility and accessibility.
- C‑1 zoning provides flexibility for a wide range of service, automotive, contractor, and retail uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,809
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,180
$2.2M
Cap Rate 7%
$1,568,700
$1.6M
Cap Rate 9%
$1,220,100
$1.2M
Market Conditions
NOI Build-Up for 6,875 SF
Gross rent
$165.8K $24.12/SF
− Vacancy
−$9.0K −$1.30/SF
EGI
$156.9K $22.82/SF
− OpEx
−$47.1K −$6.85/SF
NOI
$109.8K $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 Rate 5%
$2,196,180
Cap Rate 7%
$1,568,700
Cap Rate 9%
$1,220,100
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,809 @ 7.0% cap · market cap 7.08%
Second Best
Flex RnD
$824.6K
$721.5K – $962.0K
NOI $57,722 @ 7.0% cap · market cap 3.72%
Theoretical Best
Multifamily LT 5
$15.30M
$13.39M – $17.85M
NOI $1,070,955 @ 7.0% cap · market cap 69.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings on Evergreen Parkway with income and redevelopment potential.
Where is this auto shop located?
The property is located at 3022 Evergreen Parkway Evergreen, CO.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two freestanding commercial buildings totaling approximately 6,875 SF on nearly 1 acre with direct exposure to Evergreen Parkway (Highway 74).; Located on Evergreen's primary commercial corridor with high traffic counts (exceeding 23,000 vehicles per day), offering exceptional visibility and accessibility.; C‑1 zoning provides flexibility for a wide range of service, automotive, contractor, and retail uses.
