Charming Retail Space in Indian
For Sale
Contact for pricing
Pending
5490 Parmalee Gulch Rd, Indian Hills, CO 80454
2,918 SF retail space in Indian Hills, Colorado.
Property Size2,918 SF
Days on Market820
Property Features for 5490 Parmalee Gulch Rd
General Information
Standard status
Pending
Size
2,918 SF
Class
B
Property subtype
Retail
Zoning
C-1
Lease Type
Modified Gross
Building Details
Year Built
1928
Stories
1
Tenancy
Single
Listing Agency:
Evergreen Commercial Group, LLC
Listed By:
William Downes · License #CO FA40043918
(303) 838-2000
Source:
Crexi
Added: Jul 10, 2024
Changed: Sep 30
Last Checked: Oct 5 at 5:33PM
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 Evergreen Commercial Group, LLC
Investment Insights
Based on property information with market context.
This 2,918 SF retail building, constructed in 1928, is located in Indian Hills, Colorado. Zoned C1, the property is suitable for a variety of retail concepts. This one-unit retail space is suited for a street retail investor and offers historic allure and distinctive character.
Key Highlights
- Prime retail investment opportunity in Indian Hills, Colorado.
- 2,918 SF building** suitable for a street retail investor.
- Zoned C1, offering versatility for various retail concepts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,607
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,140
$932.1K
Cap Rate 7%
$665,814
$665.8K
Cap Rate 9%
$517,856
$517.9K
Market Conditions
NOI Build-Up for 2,918 SF
Gross rent
$70.4K $24.12/SF
− Vacancy
−$3.8K −$1.30/SF
EGI
$66.6K $22.82/SF
− OpEx
−$20.0K −$6.85/SF
NOI
$46.6K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,140
Cap Rate 7%
$665,814
Cap Rate 9%
$517,856
Alternative Uses
Best Use
Retail
$665.8K
$582.6K – $776.8K
NOI $46,607 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.49M
$5.68M – $7.58M
NOI $454,552 @ 7.0% cap · market cap 57.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 80454, CO
1,437
Population
576
Households
2.5
Avg Household Size
50
Median Age
51%
College-Educated
100%
High-School Grad
5.0 sq mi
ZIP Area
287
Density / Sq Mi
$173,125
Median Household Income
$72,375
Median Earnings
$757,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - 2,918 SF retail space in Indian Hills, Colorado.
Where is this retail space located?
The property is located at 5490 Parmalee Gulch Rd Indian Hills, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Prime retail investment opportunity in Indian Hills, Colorado.; 2,918 SF building** suitable for a street retail investor.; Zoned C1, offering versatility for various retail concepts.
