Residential Income Property with Private
New
For Sale
$500,000
6340 Knox Court, Denver, CO 80221
The 1960-built property features central air, forced-air heating, a fenced yard, and a full appliance package.
Property Size1,472 SF
Price / SF$339.67
Days on Market6
Property Features for 6340 Knox Court
General Information
Standard status
Active
Size
1,472 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R-2
Lease Term
Month To Month
Taxes and HOA fees
Annual Taxes
$3,634
Amenities
Central Air
Forced Air
Crawl Space
Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
Fenced, Full
Private Yard
Traditional
Building Details
Building Size
1,472 SF
Year Built
1960
Listing Agency:
(303) 420-5352
Listed By:
Steve Grubin
(303) 420-5352
Source:
Evrealestate
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 7 at 1:50AM
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 Steve Grubin
Investment Insights
Based on property information with market context.
This residential income property at 6340 Knox Court includes central air, forced-air heating, a crawl space, and a traditional exterior. The home has a full fenced yard with private outdoor space. Interior appliances include a dishwasher, disposal, dryer, gas water heater, oven, refrigerator, and washer. Built in 1960, the property has a 1,472 property-size designation and is located in Denver, Colorado. R-2 zoning is identified for the parcel. The address is in Adams County, with directions referenced through Google.
Key Highlights
- R‑2 zoning
- 1,472 property‑size designation
- Built in 1960
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
$22,350
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
4.47%
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%
$447,000
$447.0K
Cap Rate 7%
$319,286
$319.3K
Cap Rate 9%
$248,333
$248.3K
Market Conditions
NOI Build-Up for 1,472 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
$43.3K $29.40/SF
− Vacancy
−$2.6K −$1.79/SF
EGI
$40.6K $27.61/SF
− OpEx
−$18.3K −$12.42/SF
NOI
$22.4K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$447,000
Cap Rate 7%
$319,286
Cap Rate 9%
$248,333
Alternative Uses
Best Use
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.6K
$410.0K – $546.7K
NOI $32,801 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The 1960-built property features central air, forced-air heating, a fenced yard, and a full appliance package.
Where is this residential income property located?
The property is located at 6340 Knox Court Denver, CO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: R‑2 zoning; 1,472 property‑size designation; Built in 1960
