Fully Leased Shopping
For Sale
Contact for pricing
4832 Thompson Pkwy, Johnstown, CO 80534
Fully leased shopping center featuring national credit tenants and a single retail asset totaling 50,163 square feet.
Property Size50,163 SF
Price / SF$217.29
Days on Market193
Property Features for 4832 Thompson Pkwy
General Information
Standard status
Active
Size
50,163 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 267-7723
Listed By:
Jared Goodman · License #040037834
(970) 267-7723
Source:
Moodyscre
Added: Jan 29
Changed: Jul 30
Last Checked: Jul 30 at 9:13PM
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.
A fully leased shopping center totaling 50,163 square feet, presented as a turnkey retail investment opportunity for buyers seeking an income-producing property with established tenant occupancy. The center is described as being occupied by national credit tenants with proven store performance.
The property is located at 4832 Thompson Pkwy in Johnstown, Colorado 80534, positioned within a fast-growing community near major traffic corridors and expanding residential development.
With existing leases in place, the asset provides a streamlined ownership structure with retail tenants already operating at the site.
The property is located at 4832 Thompson Pkwy in Johnstown, Colorado 80534, positioned within a fast-growing community near major traffic corridors and expanding residential development.
With existing leases in place, the asset provides a streamlined ownership structure with retail tenants already operating at the site.
Key Highlights
- Fully leased shopping center
- National credit tenants with proven store performance
- 50,163 square feet retail center
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
$566,952
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
5.20%
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%
$11,339,040
$11.3M
Cap Rate 7%
$8,099,314
$8.1M
Cap Rate 9%
$6,299,467
$6.3M
Market Conditions
NOI Build-Up for 50,163 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
$902.9K $18.00/SF
− Vacancy
−$93.0K −$1.85/SF
EGI
$809.9K $16.15/SF
− OpEx
−$243.0K −$4.84/SF
NOI
$567.0K $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%
$11,339,040
Cap Rate 7%
$8,099,314
Cap Rate 9%
$6,299,467
Alternative Uses
Best Use
Retail
$8.10M
$7.09M – $9.45M
NOI $566,952 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$9.14M
$8.00M – $10.67M
NOI $639,954 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
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?
Shopping center - Fully leased shopping center featuring national credit tenants and a single retail asset totaling 50,163 square feet.
Where is this shopping center located?
The property is located at 4832 Thompson Pkwy Johnstown, CO.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: Fully leased shopping center; National credit tenants with proven store performance; 50,163 square feet retail center
