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    18364 104Th Ave Commerce City, CO 80022

    For Sale
    $2,415,000

    High-Cap Rate Retail Property in Commerce City, CO

    Property size:
    7,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7,225 square foot retail property, located at 18364 East 104th Avenue in Commerce City, Colorado, presents a compelling investment opportunity. Built in 2007, the property sits on a 0.57-acre lot and offers ample parking with 19 spaces. Currently leased, the property boasts a strong 5.50% capitalization rate and an asking price of $2,415,000. The lease features a corporate guarantee from Genuine Parts Co., providing significant security for investors. With 5.5 years remaining on the current lease term before option periods begin, and two years until the next rental increase, this investment offers both immediate income and long-term potential. Recent improvements totaling $500,000 have been made to the property, further enhancing its value and appeal. The current rental income is below market rates, presenting a significant opportunity for future rent growth and increased profitability. The property's prime location in Adams County, Colorado, with easy access to major transportation routes, adds to its overall desirability. This is a rare opportunity to acquire a well-maintained, high-performing retail property with a secure lease and significant upside potential. The property's strong financials, coupled with its strategic location and recent improvements, make it an ideal addition to any investment portfolio.

    Property Features for 18364 104Th Ave

    General Information

    Property type
    Retail properties
    Square Feet
    7,225 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    2007

    HighLights

    • Corporate guarantee provided by Genuine Parts Company.
    • 5.5 years remaining on the lease term; next rent increase in two years.
    • $500,000 in recent capital improvements.
    • Below‑market rental rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.7731516
    Latitude
    39.8852104

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    FAQs

    What type of property is this?
    Retail property - High-Cap Rate Retail Property in Commerce City, CO
    Where is this retail property located?
    The property is located at 18364 104Th Ave Commerce City, CO.
    What is the asking price?
    The asking price for this property is $2,415,000.
    What are key features of this property?
    This property features: Corporate guarantee provided by Genuine Parts Company.; 5.5 years remaining on the lease term; next rent increase in two years.; $500,000 in recent capital improvements.
    (303) 962-9555
    Request Owner's contact information
    18364 104Th Ave Commerce City, CO 80022
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    Commerce City, CO 80022
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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
    18364 104Th Ave Commerce City, CO 80022
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