Building Details

Year Built 1968

Listing Agency: Keller Williams Integrity Real Estate LLC w***@gmail.com Show Phone

Listed By: Ernie Duran · License #40038197 Show Phone

Source: Xome

Added: Aug 25 Changed: Oct 27 Last Checked: Oct 28 at 4:50AM

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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 Keller Williams Integrity Real Estate LLC

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Investment Insights

Based on property information with market context.

This retail property comprises three lots and approximately 5,477 square feet of interior space. The building, constructed in 1968, has one bathroom and is zoned C-1. An auto sales tenant currently occupies the property.

Federal Boulevard provides the property’s commercial corridor setting. A bus stop at Federal Boulevard and W 90th Place is nearby, Carroll Butts Park is a short drive away, and a Safeway is located on Federal Boulevard. The property is in Federal Heights, near Westminster and the north Denver metro area.

Key Highlights

• Three lots included in the sale
• Approximately 5,477 square feet of interior space
• C‑1 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$98,961

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,979,220 $2.0M

Cap Rate 7%

$1,413,729 $1.4M

Cap Rate 9%

$1,099,567 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,477 SF

Gross rent

$147.9K $27.00/SF

− Vacancy

−$6.5K −$1.19/SF

EGI

$141.4K $25.81/SF

− OpEx

−$42.4K −$7.74/SF

NOI

$99.0K $18.07/SF

Area

Adams County, CO

Vacancy

4.40%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,979,220

Cap Rate 7%

$1,413,729

Cap Rate 9%

$1,099,567

Alternative Uses

Best Use

Retail

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,961 @ 7.0% cap · market cap 6.19%

Second Best

Industrial

$932.2K

$815.7K – $1.09M (±1% cap)

NOI $65,253 @ 7.0% cap · market cap 4.08%

Theoretical Best

Multifamily LT 5

$80.58M

$70.51M – $94.01M (±1% cap)

NOI $5,640,836 @ 7.0% cap · market cap 352.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

556

Businesses Nearby

94k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 53% Dining 46% Electronics 1%

McDonald's Dining

31,555 visits/mo 0.1 miles

Conoco Shops & Services

11,734 visits/mo 0.5 miles

7-Eleven Shops & Services

10,921 visits/mo 0.5 miles

Family Dollar Shops & Services

8,125 visits/mo 0.3 miles

SONIC Drive In Dining

6,503 visits/mo 0.4 miles

Demographics for 80260, CO

36,691

Population

12,841

Households

2.9

Avg Household Size

33

Median Age

14%

College-Educated

74%

High-School Grad

4.8 sq mi

ZIP Area

7,644

Density / Sq Mi

$62,929

Median Household Income

$38,674

Median Earnings

$1,532

Median Rent

$188,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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9400 Elm Court, Federal Heights, CO 80260

$139,900

1,056 SF

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Commercial Land on Federal Boulevard

9378 Federal Boulevard, Federal Heights, CO 80260

$450,000

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Frequently Asked Questions

What type of property is this?

Retail space - An existing auto sales tenant occupies a C-1-zoned property along Federal Boulevard.

Where is this retail space located?

The property is located at 9260-9270 Federal Boulevard Federal Heights, CO.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Three lots included in the sale; Approximately 5,477 square feet of interior space; C‑1 zoning