Eagle Crossing Shopping Center For
50 Chambers Avenue, Eagle, CO 81631
Commercial property featuring a bowling alley and retail spaces.
Type:Retail
Property size:
40,517 SFPrice / SF:
$172/SF- Added:
- Mar 29, 2024
- Days on Market:
- 796
- Last Refresh:
- May 12 at 8:50 pm
Property Features for 50 Chambers Avenue
General Information
- Standard status
- Active
- Size
- 40,517 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agent Scott Schlosser License #CO
Listing office Coldwell Banker Distinctive Properties Edwards
Listing date Mar 29, 2024
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 Coldwell Banker Distinctive Properties Edwards
HighLights
- Building + Land included in sale
- Bulk sale of multiple units (A, B, C, E, F, I, L, M, N)
- Property is 100% leased
- Below replacement cost
- Includes Eagle's only bowling alley space (lower level)
- Direct access to Eagle River, town park, and History Museum
Overview
Eagle Crossing Shopping Center is available for sale, featuring The Back Bowl, Eagle's only bowling alley and entertainment center. The offering includes the remaining un-purchased units in the building as a bulk sale. Specifically, the sale includes units A, B, C, E, F, I, L, M, and N, as well as the bowling alley lower level. The sale does not include the bowling alley business or any other operating businesses. The property has direct access to the Eagle River, town park, and History Museum. The property consists of building and land. The property is 100% leased and has a total size of 40517 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $855.7k | $21.12 |
| − Vacancy | −$44.5k | −$1.10 |
| EGI | $811.2k | $20.02 |
| − OpEx | −$243.4k | −$6.01 |
| NOI | $567.9k | $14.02 |
40,517 SF · lease $21.12/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.11M
$7.10M – $9.46M
NOI $567,855 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.11M
$9.72M – $12.97M
NOI $777,926 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Zen Blossom Massage ...
Alternative Medicine Practice
Vail Closet Co.
Construction Company
Caclo
Real Estate Agency
Pazzo's Pizzeria
Restaurant
Will Comerford - State ...
Insurance Agency
Similar Places Nearby
- Coinstar Kiosk | Bitcoin ATM — City Markets, 103 Market St, Eagle, CO 81631
Map
- City
- Eagle
- County
- Eagle
- State
- Colorado
- Longitude
- -106.824714
- Latitude
- 39.659212
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Commercial property featuring a bowling alley and retail spaces.
Where is this shopping center located?
The property is located at 50 Chambers Avenue Eagle, CO.
What is the asking price?
The asking price for this property is $6,990,000.
What are key features of this property?
This property features: Building + Land included in sale; Bulk sale of multiple units (A, B, C, E, F, I, L, M, N); Property is 100% leased
