Evergreen Office Condo with
For Sale
$300,000
30746 Bryant Drive #401, Evergreen, CO 80439
Ground-floor office condo with kitchen, bath, laundry, and parking.
Property Size1,000 SF
Price / SF$300
Days on Market172
Property Features for 30746 Bryant Drive #401
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,594
Amenities
110V
220 Volts
Composition Roof
Concrete Driveway
Building Details
Year Built
2002
Listing Agency:
Legacy 100 Real Estate Partners LLC
(303) 232-4444
Listed By:
K C BUTLER · License #251091
Source:
Corcoran
Added: Feb 17
Changed: Aug 8
Last Checked: Apr 5 at 9:19PM
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 Legacy 100 Real Estate Partners LLC
Investment Insights
Based on property information with market context.
This 1,000 square foot office condo is located in the Bergen Parkway corridor of central Evergreen, offering easy access and ample parking. The ground-floor, walk-in end unit features large windows providing excellent natural light and views. The functional layout is suitable for a professional office, art studio, wellness studio, or other uses. The space includes two large office areas, a full kitchen, a private 3/4 bathroom, and in-unit laundry. Interior finishes feature wood plank luxury vinyl flooring, can lighting, and custom wall treatments previously designed for a sound studio. The kitchen is equipped with granite countertops and stainless steel appliances, and the laundry area includes a stacking washer and dryer. The HOA fee is $110 per month, covering water, sewer, snow removal, trash removal, exterior maintenance, and management. This property presents an opportunity for an owner-user or investor seeking a well-appointed Evergreen office condo with convenience and amenities.
Key Highlights
- Ground‑floor, walk‑in end unit with easy access and ample parking in central Evergreen location.
- Functional layout suitable for various uses: office, art studio, wellness studio, etc.
- Full kitchen with granite countertops and stainless steel appliances.**
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
$13,476
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
4.49%
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%
$269,520
$269.5K
Cap Rate 7%
$192,514
$192.5K
Cap Rate 9%
$149,733
$149.7K
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
$20.3K $20.28/SF
− Vacancy
−$2.3K −$2.31/SF
EGI
$18.0K $17.97/SF
− OpEx
−$4.5K −$4.49/SF
NOI
$13.5K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$269,520
Cap Rate 7%
$192,514
Cap Rate 9%
$149,733
Alternative Uses
Best Use
Office B
$192.5K
$168.5K – $224.6K
NOI $13,476 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.23M
$1.95M – $2.60M
NOI $155,775 @ 7.0% cap · market cap 51.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
529
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?
Office units - Ground-floor office condo with kitchen, bath, laundry, and parking.
Where is this office units located?
The property is located at 30746 Bryant Drive #401 Evergreen, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Ground‑floor, walk‑in end unit with **easy access and ample parking** in central Evergreen location.; Functional layout suitable for various uses: office, art studio, wellness studio, etc.; Full kitchen with granite countertops and stainless steel appliances.**
