Prime Retail Condo in
For Sale
$610,000
842 N Summit Blvd 14, Frisco, CO 80443
Highly visible retail condo in a premier Frisco corridor.
Property Size1,365 SF
Days on Market109
Property Features for 842 N Summit Blvd 14
General Information
Standard status
Active
Size
1,365 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,727
Building Details
Building Size
1,365 SF
Year Built
1988
Units
1
Listing Agency:
(303) 819-9780
Listed By:
Liz Hallinan
(303) 819-9780
Source:
Elliman
Added: Apr 26
Changed: Aug 7
Last Checked: Aug 11 at 11:43AM
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 Liz Hallinan
Investment Insights
Based on property information with market context.
This highly visible retail condo is located in a premier Frisco corridor, near Whole Foods, Walmart, Safeway, and Lake Dillon. The location benefits from excellent daily traffic from residents and tourists. The property features expansive storefront visibility and prominent signage. The layout is adaptable to multiple retail or service uses. Ample on-site parking is available, and the property offers easy access from major roadways, including I-70 and North Summit Boulevard. The location has a bike score of 60, indicating it is bikeable, and a walk score of 66, indicating it is somewhat walkable. This property offers convenience, visibility, and long-term value in an active commercial zone.
Key Highlights
- Premier location in a high‑traffic Frisco corridor near major retailers and Lake Dillon.
- Excellent daily traffic counts from residents and tourists, maximizing business exposure.
- Expansive storefront visibility and prominent signage opportunities.
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
$20,983
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
3.44%
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%
$419,660
$419.7K
Cap Rate 7%
$299,757
$299.8K
Cap Rate 9%
$233,144
$233.1K
Market Conditions
NOI Build-Up for 1,365 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
$32.8K $24.00/SF
− Vacancy
−$2.8K −$2.04/SF
EGI
$30.0K $21.96/SF
− OpEx
−$9.0K −$6.59/SF
NOI
$21.0K $15.37/SF
Area
Summit County, CO
Vacancy
8.50%
Lease Rate
$24.00 /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%
$419,660
Cap Rate 7%
$299,757
Cap Rate 9%
$233,144
Alternative Uses
Best Use
Retail
$299.8K
$262.3K – $349.7K
NOI $20,983 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$27.17M
$23.77M – $31.70M
NOI $1,901,807 @ 7.0% cap · market cap 311.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail condo in a premier Frisco corridor.
Where is this retail space located?
The property is located at 842 N Summit Blvd 14 Frisco, CO.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Premier location in a high‑traffic Frisco corridor near major retailers and Lake Dillon.; Excellent daily traffic counts from residents and tourists, maximizing business exposure.; Expansive storefront visibility and prominent signage opportunities.
