Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ken Caryl Avenue & Pierce Street Littleton, CO 80128

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8-acre redevelopment with retail, office, and automotive potential.

    Type:Land, Retail
    Property size:
    15,000 SF
    Lot size:
    8.00 Acres
    Added:
    Oct 21, 2019
    Days on Market:
    2371
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for Ken Caryl Avenue & Pierce Street

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    8.00 Acres
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Scott Hagan
    Scott Hagan

    Listing agent Scott Hagan License #CO IA.001192055

    Listing office David, Hicks & Lampert Brokerage, LLC

    Listing date Oct 21, 2019

    Source Crexi

    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 David, Hicks & Lampert Brokerage, LLC

    Overview

    Columbine Shopping Center Redevelopment Opportunity

    This 8-acre partial redevelopment of the Columbine Shopping Center includes a 7-Eleven and Kiddie Academy. A new proposed medical office building of 24,000 square feet is planned, with spaces available for lease between 2,000 and 15,000 square feet. Pads are available for purchase, build-to-suit, or lease. The established trade area has a population of 199,699 and average household incomes of $162,411 within a 5-mile radius. A variety of drive-thru fast food, retail, office, and automotive uses are allowed under existing zoning. Existing retailers at the intersection include Dairy Queen, Comcast, Firestone Tire, and Anytime Fitness.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Littleton
    County
    Douglas
    State
    Colorado
    Longitude
    -105.088
    Latitude
    39.5953

    Nearby Similar for Sale

    • $259,900

      Roxborough Park Vacant Lot

      26,877 sqft lot in gated community with mountain views.
      7708 Hawks Nest Trail, Littleton, CO 80125
      View Details
    • $85,000

      Littleton Land Opportunity

      Land for sale in a desirable Littleton location.
      7834 S Everett St, Littleton, CO 80128
      View Details
    • $1,250,000

      Renovated Office Building in Littleton

      Freestanding office building in Downtown Littleton, fully renovated.
      1890 W Littleton Blvd, Littleton, CO 80120
      View Details
    • $2,475,000
      5,093 SF

      Turnkey Restaurant Opportunity

      Fully built-out restaurant space with existing infrastructure and high visibility.
      12634 W Indore Pl, Littleton, CO 80127
      View Details
    • $3,750,000
      14,846 SF

      Turnkey Medical Office Building

      Modernized 14,846 SF medical office in Littleton for sale.
      20 W Dry Creek Circle, Littleton, CO 80120
      View Details
    • $330,000

      Littleton Liquor Mart Business Opportunity

      Business opportunity in Littleton, Colorado.
      40 W Littleton Blvd, Littleton, CO 80120
      View Details
    • $1,495,000

      Classic Littleton Office Building

      Three-level office building near Old Town Littleton.
      709 W Littleton Blvd, Littleton, CO 80120
      View Details
    • $745,000
      1,756 SF

      Littleton Lofts Office Condo

      Stylish office condo in Littleton with flexible floor plan.
      1950 W Littleton Blvd Unit 109, Littleton, CO 80120
      View Details
    • $3,500,000
      20,034 SF

      Multi-Tenant Office/Medical Investment Opportunity

      20,034 SF office/medical property with high occupancy and solar panels.
      10789 Bradford Rd, Littleton, CO 80127
      View Details
    • $145,000

      Remodeled Littleton Office Space

      Move-in ready office near Downtown Littleton and Light Rail.
      1100 W Littleton Blvd #210, Littleton, CO 80120
      View Details
    • $4,750,000
      30,447 SF

      Littleton Medical/Office Building For Sale

      30,447 SF medical/office building in Littleton, CO for sale.
      7761 Shaffer Pkwy, Littleton, CO 80127
      View Details
    • $490,000
      1,187 SF

      Updated Condo with Golf Course Views

      Updated 2-bed, 2-bath condo in 55+ independent living building.
      2897 W Riverwalk Circle 204, Littleton, CO 80123
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8-acre redevelopment with retail, office, and automotive potential.
    Where is this commercial land located?
    The property is located at Ken Caryl Avenue & Pierce Street Littleton, CO.
    What are key features of this property?
    This property features: High average household income of $162,411 within a 5‑mile radius.; Established trade area with a population of 199,699 within a 5‑mile radius.; Pads available for purchase, build‑to‑suit, or lease.
    (303) 947-8391 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Hagan
    Scott Hagan
    Real Estate License ID: CO IA.001192055
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!