Evans Commercial Property For
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3650 35th Ave, Evans, CO 80620
Commercial property with strong visibility and convenient access in Evans.
Property Size13,606 SF
Price / SF$198.44
Days on Market106
Property Features for 3650 35th Ave
General Information
Standard status
Active
Size
13,606 SF
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 267-7727
Listed By:
Aki Palmer · License #040037834
Source:
Moodyscre
Added: May 18
Changed: Aug 23
Last Checked: Aug 30 at 5:30PM
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 Cushman & Wakefield | Fort Collins
Investment Insights
Based on property information with market context.
The commercial property at 3650 35th Avenue in Evans, Colorado, offers a functional layout suitable for various professional or service-based uses. It benefits from strong visibility and convenient access along a busy local corridor. The property's location near key transportation routes, including US-34 and US-85, facilitates efficient travel throughout Weld County and the broader Front Range. This connectivity supports workforce mobility and commercial activity, making the location advantageous for businesses and residents. The property size is 13,606 square feet.
Key Highlights
- High visibility due to location along a busy local corridor.
- Convenient access for customers and employees.
- Functional layout suitable for various professional or service‑based businesses.
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
$153,778
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
5.70%
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%
$3,075,560
$3.1M
Cap Rate 7%
$2,196,829
$2.2M
Cap Rate 9%
$1,708,644
$1.7M
Market Conditions
NOI Build-Up for 13,606 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
$244.9K $18.00/SF
− Vacancy
−$25.2K −$1.85/SF
EGI
$219.7K $16.15/SF
− OpEx
−$65.9K −$4.84/SF
NOI
$153.8K $11.30/SF
Area
Weld County, CO
Vacancy
10.30%
Lease Rate
$18.00 /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%
$3,075,560
Cap Rate 7%
$2,196,829
Cap Rate 9%
$1,708,644
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,778 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.48M
$2.17M – $2.89M
NOI $173,579 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Maverik Adventures First Stop
Shops & Services
10,249 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,574 visits/mo
0.1 miles
Domino's Pizza
Dining
7,066 visits/mo
0.1 miles
Ziggi's Coffee
Dining
4,870 visits/mo
0.1 miles
Demographics for 80620, CO
20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
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 - Commercial property with strong visibility and convenient access in Evans.
Where is this retail space located?
The property is located at 3650 35th Ave Evans, CO.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: High visibility due to location along a busy local corridor.; Convenient access for customers and employees.; Functional layout suitable for various professional or service‑based businesses.
