Garage Unit with
New
For Sale
$365,000
7830 Shaffer Parkway #807, Littleton, CO 80127
South-facing commercial garage unit with supplemental storage, service sink, windows, and unit heating.
Property Size960 SF
Price / SF$380.21
Days on Market2
Property Features for 7830 Shaffer Parkway #807
General Information
Standard status
Active
Size
960 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
13.9 ft
Drive-In Doors
1
Additional Details
Asking Price
$365,000
Taxes and HOA fees
Annual Taxes
$6,203
Amenities
community clubhouse
bathrooms
Building Details
Building Size
960 SF
Year Built
2017
Units
1
Listing Agency:
Supreme Realty Group
(303) 668-6970
Listed By:
Jenelle Bezdek
(303) 668-6970
Source:
Coloradopartners
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 3:25AM
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 Supreme Realty Group
Investment Insights
Based on property information with market context.
GarageTown Unit #807 is a south-facing commercial garage unit measuring 24 x 40, with a custom mezzanine that expands storage capacity. The space includes a painted floor, service sink, windows at both the front and rear, and a unit heater. Floor-to-mezzanine clearance is 13.9 feet, while the open garage door reaches 14.5 feet and measures 17.8 feet wide.
Built in 2017 and zoned Commercial, the unit is located off Ken Caryl and C-470 in Littleton. It is not approved for residential use. The property information states that customers, employees, and signage are not allowed, making the unit suited to storage, private showroom, equipment, or hobby-related purposes within those restrictions. The unit occupies the lower section of the GarageTown community, near the clubhouse and bathrooms.
Built in 2017 and zoned Commercial, the unit is located off Ken Caryl and C-470 in Littleton. It is not approved for residential use. The property information states that customers, employees, and signage are not allowed, making the unit suited to storage, private showroom, equipment, or hobby-related purposes within those restrictions. The unit occupies the lower section of the GarageTown community, near the clubhouse and bathrooms.
Key Highlights
- 24 x 40 south‑facing garage unit
- Custom‑built mezzanine for additional storage
- 17.8‑foot‑wide garage door with 14.5‑foot open‑door height
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
$12,417
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
3.40%
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%
$248,340
$248.3K
Cap Rate 7%
$177,386
$177.4K
Cap Rate 9%
$137,967
$138.0K
Market Conditions
NOI Build-Up for 960 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
$15.1K $15.72/SF
− Vacancy
−$483 −$0.50/SF
EGI
$14.6K $15.22/SF
− OpEx
−$2.2K −$2.28/SF
NOI
$12.4K $12.93/SF
Area
Douglas County, CO
Vacancy
3.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
15.00%
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%
$248,340
Cap Rate 7%
$177,386
Cap Rate 9%
$137,967
Alternative Uses
Best Use
Warehouse
$177.4K
$155.2K – $207.0K
NOI $12,417 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.7K
$288.5K – $384.7K
NOI $23,082 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - South-facing commercial garage unit with supplemental storage, service sink, windows, and unit heating.
Where is this parking lot & garage located?
The property is located at 7830 Shaffer Parkway #807 Littleton, CO.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 24 x 40 south‑facing garage unit; Custom‑built mezzanine for additional storage; 17.8‑foot‑wide garage door with 14.5‑foot open‑door height
