Renovated Office with
For Sale
Contact for pricing
6970 Eudora Dr, Commerce City, CO 80022
Recently renovated 1,403 SF office sits on a 0.34-acre lot with yard space on I-1 zoned land.
Property Size1,403 SF
Lot Size0.34 Acres
Price / SF$427.66
Days on Market444
Property Features for 6970 Eudora Dr
General Information
Standard status
Active
Size
1,403 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Zoning
I-1
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
Colliers - Denver
(303) 745-5800
Listed By:
Kristjan Danis · License #FA.100087888
(303) 888-4476
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Sep 8
Last Checked: Sep 16 at 5:35PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
This property offers a recently renovated office totaling 1,403 square feet on a 0.34-acre lot. The site is marketed as an office-and-yard setup suitable for an owner-user, with an office trailer noted to be removed prior to closing.
The property is located with excellent visibility from Vasquez Blvd and is described as having proximity and accessibility to major highways.
Zoned I-1 Commerce City, the site is described as allowing for a wide variety of uses.
The property is located with excellent visibility from Vasquez Blvd and is described as having proximity and accessibility to major highways.
Zoned I-1 Commerce City, the site is described as allowing for a wide variety of uses.
Key Highlights
- Recently renovated 1,403 SF office on a 0.34‑acre lot with yard space
- I‑1 Commerce City zoning allows for a wide variety of uses
- Office trailer on the property will be removed prior to closing
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
$25,380
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
4.23%
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%
$507,600
$507.6K
Cap Rate 7%
$362,571
$362.6K
Cap Rate 9%
$282,000
$282.0K
Market Conditions
NOI Build-Up for 1,403 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
$42.1K $30.00/SF
− Vacancy
−$8.2K −$5.88/SF
EGI
$33.8K $24.12/SF
− OpEx
−$8.5K −$6.03/SF
NOI
$25.4K $18.09/SF
Area
Adams County, CO
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$507,600
Cap Rate 7%
$362,571
Cap Rate 9%
$282,000
Alternative Uses
Best Use
Office B
$362.6K
$317.3K – $423.0K
NOI $25,380 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.64M
$18.06M – $24.08M
NOI $1,444,969 @ 7.0% cap · market cap 240.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated 1,403 SF office sits on a 0.34-acre lot with yard space on I-1 zoned land.
Where is this office building located?
The property is located at 6970 Eudora Dr Commerce City, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Recently renovated 1,403 SF office on a 0.34‑acre lot with yard space; I‑1 Commerce City zoning allows for a wide variety of uses; Office trailer on the property will be removed prior to closing
