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Garage Condo with Red Rocks Views

4285 S Eldridge Street #E04 Morrison, CO 80465

4285 S Eldridge Street #E04, Morrison, CO, 80465

$639,000

For Sale

$639,000

Upgraded garage condo with mezzanine, views, and community amenities.

Property Size1,406 SF

Price / SF$454.48

AddedApr 9

Days on Market98

Last RefreshJul 13 at 5:17 am

Property Features for 4285 S Eldridge Street #E04

General Information

Standard status: Active
Size: 1,406 SF
Property subtype: Commercial

Building Details

Year Built: 2023

Listing office KMC Realty Group

Listing date Apr 9, 2026

Source Corcoran

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 KMC Realty Group

Investment Insights

Based on property information with market context.

This GaragePoint garage condo offers 1,406 square feet on the main level, complemented by a professionally constructed 400-square-foot mezzanine and a private bathroom. The unit is situated in a secure, gated community near C-470 and Hwy 285, providing functionality and quality finishes. The space is suitable for a showroom, workshop, business headquarters, studio, or vehicle collection. Features include epoxy-finished floors, LED lighting, and large windows offering views of Bear Creek Lake Park, Red Rocks, and the Front Range. A 14-foot overhead garage door provides access. Community amenities include 24-hour gated access, camera security, a community clubhouse, a shared air compressor, vacuum, wash station, RV dump station, and trash service. The flexible layout supports various business or hobby uses. The property is located near Red Rocks and Bear Creek Lake.

Key Highlights

Enjoy VIEWS of Red Rocks, Bear Creek Lake, and the Front Range.
1,406 SF main level plus 400 SF mezzanine provides 1,806 SF of versatile space.
Located in a secure, gated community with 24‑hour access and camera security.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.9k	$24.12
− Vacancy	−$1.8k	−$1.30
EGI	$32.1k	$22.82
− OpEx	−$9.6k	−$6.85
NOI	$22.5k	$15.97

1,406 SF · lease $24.12/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$320.8K

$280.7K – $374.3K (±1% cap)

NOI $22,457 @ 7.0% cap · market cap 3.51%

Second Best

Flex RnD

$168.6K

$147.6K – $196.8K (±1% cap)

NOI $11,805 @ 7.0% cap · market cap 1.85%

Theoretical Best

Multifamily LT 5

$3.13M

$2.74M – $3.65M (±1% cap)

NOI $219,020 @ 7.0% cap · market cap 34.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Legacy Building Specialties ... Construction Company B&J Fabrication, LLC Metal Fabrication Plant Function Compliance Services Laboratory Precision Auto Glass ... Auto Repair Shop

Suggested Use

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For sale
Parking lots & garages
CO
Morrison
80465
4285 S Eldridge Street #E04

What type of property is this?

Parking lot & garage - Upgraded garage condo with mezzanine, views, and community amenities.

Where is this parking lot & garage located?

The property is located at 4285 S Eldridge Street #E04 Morrison, CO.

What is the asking price?

The asking price for this property is $639,000.

What are key features of this property?

This property features: Enjoy VIEWS of Red Rocks, Bear Creek Lake, and the Front Range.; 1,406 SF main level plus 400 SF mezzanine provides 1,806 SF of versatile space.; Located in a secure, gated community with 24‑hour access and camera security.