Upgraded Ranch-Style
For Sale
$599,000
6788 Zebra Grass Ln, Parker, CO 80138
A finished basement and HOA-covered yard maintenance support convenient, low-maintenance living.
Property Size2,705 SF
Days on Market30
Property Features for 6788 Zebra Grass Ln
General Information
Standard status
Active
Size
2,705 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,008
Building Details
Building Size
2,705 SF
Year Built
2021
Construction
ranch-style
Listing Agency:
eXp Realty, LLC
(720) 660-4169
Listed By:
Tracy Ellis · License #100085698
(720) 660-4169
Source:
Corken
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 29 at 6:08PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2021, this ranch-style duplex combines main-level living with a completed lower level. The open central living area includes vaulted ceilings, substantial natural light, and a gas fireplace, while the kitchen features quartz counters, a center island, gas range, stainless steel appliances, extensive cabinetry, and a walk-in pantry. The primary suite has a private bathroom and walk-in closet, complemented by a second bedroom, full bathroom, office, and laundry room on the main floor.
The finished basement adds a family room, third bedroom, full bathroom, bonus room, storage, and a rough-in for a future wet bar. An oversized extended garage provides additional vehicle, storage, or hobby space. Landscaping and window coverings are complete, and the HOA handles front- and backyard maintenance. The property is located minutes from downtown Parker, E-470, shopping, dining, parks, and trails.
The finished basement adds a family room, third bedroom, full bathroom, bonus room, storage, and a rough-in for a future wet bar. An oversized extended garage provides additional vehicle, storage, or hobby space. Landscaping and window coverings are complete, and the HOA handles front- and backyard maintenance. The property is located minutes from downtown Parker, E-470, shopping, dining, parks, and trails.
Key Highlights
- Ranch‑style duplex built in 2021
- Main‑level primary suite with private bathroom and walk‑in closet
- Finished basement with family room, third bedroom, full bathroom, bonus room, and storage
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
$44,591
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
7.44%
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%
$891,820
$891.8K
Cap Rate 7%
$637,014
$637.0K
Cap Rate 9%
$495,456
$495.5K
Market Conditions
NOI Build-Up for 2,705 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
$66.5K $24.60/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$63.7K $23.55/SF
− OpEx
−$19.1K −$7.06/SF
NOI
$44.6K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /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%
$891,820
Cap Rate 7%
$637,014
Cap Rate 9%
$495,456
Alternative Uses
Best Use
Multifamily LT 5
$637.0K
$557.4K – $743.2K
NOI $44,591 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$587.0K
$513.6K – $684.8K
NOI $41,090 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$929.1K
$813.0K – $1.08M
NOI $65,038 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 80138, CO
34,337
Population
12,752
Households
2.7
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
61.9 sq mi
ZIP Area
555
Density / Sq Mi
$142,397
Median Household Income
$60,990
Median Earnings
$1,919
Median Rent
$679,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A finished basement and HOA-covered yard maintenance support convenient, low-maintenance living.
Where is this duplex located?
The property is located at 6788 Zebra Grass Ln Parker, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 2021; Main‑level primary suite with private bathroom and walk‑in closet; Finished basement with family room, third bedroom, full bathroom, bonus room, and storage
