Building Details

Buildings 3

Listing Agency: Trevey Commercial Real Estate

Listed By: Heath Honbarrier · License #CO. 100096076 Show Phone

Source: Crexi

Added: May 13 Changed: Sep 3 Last Checked: Sep 3 at 3:43AM

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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 Trevey Commercial Real Estate

Investment Insights

Based on property information with market context.

This listing offers commercial land located at 750 US Highway 36 in Byers, Colorado. The property is being offered for sale.

The land’s address is 750 US Highway 36, providing straightforward highway access along US Highway 36.

Additional details such as lot configuration, utilities, and zoning are not provided with the available information.

Key Highlights

• Commercial land for sale at 750 US Highway 36, Byers, CO 80103

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

$21,682

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

5.43%

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%

$433,640 $433.6K

Cap Rate 7%

$309,743 $309.7K

Cap Rate 9%

$240,911 $240.9K

Market Conditions

NOI Build-Up for 1,200 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

$32.4K $27.00/SF

− Vacancy

−$1.4K −$1.19/SF

EGI

$31.0K $25.81/SF

− OpEx

−$9.3K −$7.74/SF

NOI

$21.7K $18.07/SF

Area

Arapahoe County, CO

Vacancy

4.40%

Lease Rate

$27.00 /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%

$433,640

Cap Rate 7%

$309,743

Cap Rate 9%

$240,911

Alternative Uses

Best Use

Retail

$309.7K

$271.0K – $361.4K (±1% cap)

NOI $21,682 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$17.82M

$15.59M – $20.79M (±1% cap)

NOI $1,247,132 @ 7.0% cap · market cap 312.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Nail Salon Pet Store & Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 80103, CO

2,704

Population

1,097

Households

2.5

Avg Household Size

39

Median Age

17%

College-Educated

94%

High-School Grad

368.3 sq mi

ZIP Area

7

Density / Sq Mi

$102,188

Median Household Income

$51,552

Median Earnings

$1,336

Median Rent

$503,300

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - For sale commercial land at 750 US Highway 36 in Byers, Colorado.

Where is this retail space located?

The property is located at 750 US Highway 36 Byers, CO.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Commercial land for sale at 750 US Highway 36, Byers, CO 80103