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    Lewis Christensen Rd & Parker Rd Parker, CO 80134

    For Sale
    $2,000,000

    Multifamily investment opportunity in Parker, CO

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multifamily property, located at the southwest corner of S. Lewis Christensen Road and Parker Road in Douglas County, Colorado (zip code 80134), presents a rare investment opportunity. The 13.208-acre lot boasts 217 feet of frontage along S. Lewis Christensen Road, offering excellent visibility and accessibility. The property is already annexed and zoned for multi-family use, simplifying the development process. Its strategic location provides convenient access to Parker Road and the future J. Morgan Boulevard extension, ensuring easy commutes for residents. Furthermore, the property's proximity to grocery stores and retail services caters to the needs of tenants, while its adjacency to the Cherry Creek Trail adds significant recreational appeal. The asking price is $2,000,000, translating to a price per square foot of $3.47. This property represents a compelling investment in a thriving Colorado community. The property is classified as both Multifamily and Land, and is an Apartment Building. This is a truly unique opportunity to acquire a well-situated multifamily development in a high-demand area. The property's zoning is Multi-Family.

    Property Features for 0 Lewis Christensen Rd & Parker Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    575,340 SF

    HighLights

    • Rare multifamily investment opportunity.
    • Multifamily zoning in place.
    • Excellent walkability to grocery and retail.
    • Direct access to Cherry Creek Trail.
    • 217 feet of frontage on Lewis Christensen Road.
    • Convenient access to Parker Road and the future J. Morgan Boulevard extension.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.758495
    Latitude
    39.474113

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily investment opportunity in Parker, CO
    Where is this multifamily property located?
    The property is located at Lewis Christensen Rd & Parker Rd Parker, CO.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Rare multifamily investment opportunity.; Multifamily zoning in place.; Excellent walkability to grocery and retail.
    Request Owner's contact information
    Lewis Christensen Rd & Parker Rd Parker, CO 80134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lewis Christensen Rd & Parker Rd Parker, CO 80134
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