Flex Live-Work Space with
For Sale
$434,900
30735 Bryant Dr 708, Evergreen, CO 80439
Flexible live-work space includes garage access, a full bathroom with shower, and sleeping quarters.
Property Size1,000 SF
Days on Market50
Property Features for 30735 Bryant Dr 708
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,594
Building Details
Building Size
1,000 SF
Year Built
2004
Units
1
Listing Agency:
eXp Realty, LLC
(980) 201-0374
Listed By:
Matthew Ruotolo
(980) 201-0374
Source:
Elliman
Added: Jul 12
Changed: Aug 16
Last Checked: Aug 29 at 10:59AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This versatile flex live-work space is set up for multiple uses, with a flexible interior that can support functions such as office, studio, workshop, or other customized work and personal needs. The property includes garage access with enough room for vehicles, tools, or equipment, along with a full bathroom that features a shower and sleeping quarters.
Additional features include a dedicated hangout and lounge area, high ceilings, and natural light, supporting both productivity and day-to-day comfort. The layout also provides space that can accommodate equipment, displays, and creative sessions.
Conveniently positioned for easy access to downtown Evergreen and I-70, the space offers a practical base for work in the foothills setting.
Additional features include a dedicated hangout and lounge area, high ceilings, and natural light, supporting both productivity and day-to-day comfort. The layout also provides space that can accommodate equipment, displays, and creative sessions.
Conveniently positioned for easy access to downtown Evergreen and I-70, the space offers a practical base for work in the foothills setting.
Key Highlights
- Year built 2004 flexible commercial space with a convertible layout for office, studio, workshop, or personal use
- Garage access suited for vehicles, tools, or equipment, including use as a loading bay
- Includes a full bathroom with shower plus sleeping quarters for overnight stays or 24/7 productivity
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
$14,021
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
3.22%
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%
$280,420
$280.4K
Cap Rate 7%
$200,300
$200.3K
Cap Rate 9%
$155,789
$155.8K
Market Conditions
NOI Build-Up for 1,000 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
$25.3K $25.32/SF
− Vacancy
−$2.9K −$2.89/SF
EGI
$22.4K $22.43/SF
− OpEx
−$8.4K −$8.41/SF
NOI
$14.0K $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%
$280,420
Cap Rate 7%
$200,300
Cap Rate 9%
$155,789
Alternative Uses
Best Use
Mixed Use
$200.3K
$175.3K – $233.7K
NOI $14,021 @ 7.0% cap · market cap 3.22%
Second Best
Office B
$192.5K
$168.5K – $224.6K
NOI $13,476 @ 7.0% cap · market cap 3.10%
Theoretical Best
Multifamily LT 5
$2.23M
$1.95M – $2.60M
NOI $155,775 @ 7.0% cap · market cap 35.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
472
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible live-work space includes garage access, a full bathroom with shower, and sleeping quarters.
Where is this flex space located?
The property is located at 30735 Bryant Dr 708 Evergreen, CO.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: Year built 2004 flexible commercial space with a convertible layout for office, studio, workshop, or personal use; Garage access suited for vehicles, tools, or equipment, including use as a loading bay; Includes a full bathroom with shower plus sleeping quarters for overnight stays or 24/7 productivity
