Remodeled NNN Commercial
For Sale
$700,000
842 N Summit Boulevard #11A-B, Frisco, CO 80443
Leased commercial unit with a private bathroom, conference room, and breakroom.
Property Size1,410 SF
Days on Market300
Property Features for 842 N Summit Boulevard #11A-B
General Information
Standard status
Active
Size
1,410 SF
Property subtype
Commercial
Additional Details
Cap Rate
7.5%
Building Details
Building Size
1,410 SF
Year Built
1988
Tenancy
Single
Listing Agency:
Ski Colorado Real Estate, LLC
(970) 538-8795
Listed By:
Laura Fisher
Source:
Coloradopartners
Added: Nov 5, 2025
Changed: Aug 31
Last Checked: Aug 2 at 4:26AM
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 Ski Colorado Real Estate, LLC
Investment Insights
Based on property information with market context.
This remodeled commercial unit includes a private bathroom, enclosed conference room, breakroom, and an open central area configured for cubicles or workstations. The property was built in 1988 and is occupied by a national tenant under a newly signed 5-year NNN lease. The tenant is responsible for all CAM fees, and the reported cap rate is 7.5%.
Located at 842 N Summit Boulevard #11A-B in Frisco, Colorado, the unit is near Walmart and Safeway. The combination of a defined lease structure, dedicated support areas, and flexible open workspace provides a compact commercial configuration for the current tenancy.
Located at 842 N Summit Boulevard #11A-B in Frisco, Colorado, the unit is near Walmart and Safeway. The combination of a defined lease structure, dedicated support areas, and flexible open workspace provides a compact commercial configuration for the current tenancy.
Key Highlights
- Newly signed 5‑year NNN lease with a national tenant
- Tenant pays all CAM fees
- Reported 7.5% cap rate
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
$23,730
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
3.39%
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%
$474,600
$474.6K
Cap Rate 7%
$339,000
$339.0K
Cap Rate 9%
$263,667
$263.7K
Market Conditions
NOI Build-Up for 1,410 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
$37.2K $26.40/SF
− Vacancy
−$5.6K −$3.96/SF
EGI
$31.6K $22.44/SF
− OpEx
−$7.9K −$5.61/SF
NOI
$23.7K $16.83/SF
Area
Summit County, CO
Vacancy
15.00%
Lease Rate
$26.40 /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%
$474,600
Cap Rate 7%
$339,000
Cap Rate 9%
$263,667
Alternative Uses
Best Use
Office B
$339.0K
$296.6K – $395.5K
NOI $23,730 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$28.06M
$24.56M – $32.74M
NOI $1,964,504 @ 7.0% cap · market cap 280.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80443, CO
4,170
Population
5,552
Households
0.8
Avg Household Size
41
Median Age
60%
College-Educated
98%
High-School Grad
102.1 sq mi
ZIP Area
41
Density / Sq Mi
$112,179
Median Household Income
$51,450
Median Earnings
$2,542
Median Rent
$844,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased commercial unit with a private bathroom, conference room, and breakroom.
Where is this nnn property located?
The property is located at 842 N Summit Boulevard #11A-B Frisco, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Newly signed 5‑year NNN lease with a national tenant; Tenant pays all CAM fees; Reported 7.5% cap rate
