Duplex with Finished
For Sale
$635,000
9021 Borrowdale Ln, Parker, CO 80134
Built in 2022, this duplex combines contemporary interiors with flexible lower-level space and low-maintenance outdoor features.
Property Size2,667 SF
Days on Market176
Property Features for 9021 Borrowdale Ln
General Information
Standard status
Active
Size
2,667 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,596
Building Details
Building Size
2,667 SF
Year Built
2022
Listing Agency:
HomeSmart
Listed By:
Jaime Visbal
(720) 779-5018
Source:
Corken
Added: Mar 26
Changed: Sep 17
Last Checked: Sep 16 at 3:13PM
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 HomeSmart
Investment Insights
Based on property information with market context.
Built in 2022, this duplex offers a contemporary interior with an open main living area, large windows, a fireplace, and Hunter Douglas blinds. A finished basement adds adaptable interior space, while a whole-house humidifier provides an additional comfort feature.
The property includes a backyard with artificial turf and a fully xeriscaped lot, reducing outdoor maintenance needs. Located in Dove Village in Parker, the home is described as being near parks, trails, shopping, dining, and everyday amenities while retaining a residential neighborhood setting.
The property includes a backyard with artificial turf and a fully xeriscaped lot, reducing outdoor maintenance needs. Located in Dove Village in Parker, the home is described as being near parks, trails, shopping, dining, and everyday amenities while retaining a residential neighborhood setting.
Key Highlights
- Built in 2022
- Finished basement with flexible interior space
- Open‑concept main living area with fireplace
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
$43,965
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
6.92%
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%
$879,300
$879.3K
Cap Rate 7%
$628,071
$628.1K
Cap Rate 9%
$488,500
$488.5K
Market Conditions
NOI Build-Up for 2,667 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
$65.6K $24.60/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$62.8K $23.55/SF
− OpEx
−$18.8K −$7.06/SF
NOI
$44.0K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /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%
$879,300
Cap Rate 7%
$628,071
Cap Rate 9%
$488,500
Alternative Uses
Best Use
Multifamily LT 5
$628.1K
$549.6K – $732.8K
NOI $43,965 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$578.7K
$506.4K – $675.2K
NOI $40,512 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$916.1K
$801.6K – $1.07M
NOI $64,124 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 80134, CO
76,369
Population
28,663
Households
2.7
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
57.3 sq mi
ZIP Area
1,333
Density / Sq Mi
$142,162
Median Household Income
$66,327
Median Earnings
$2,027
Median Rent
$643,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2022, this duplex combines contemporary interiors with flexible lower-level space and low-maintenance outdoor features.
Where is this duplex located?
The property is located at 9021 Borrowdale Ln Parker, CO.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Built in 2022; Finished basement with flexible interior space; Open‑concept main living area with fireplace
