Tenanted Cannabis Retail
For Sale
Contact for pricing
9462 Federal Blvd, Federal Heights, CO 80260
For-sale retail property operating under an existing cannabis retail tenant.
Property Size2,976 SF
Price / SF$352.82
Days on Market52
Property Features for 9462 Federal Blvd
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Retail
Building Details
Year Built
1979
Listing Agency:
Antonoff & Co
(303) 623-0200
Listed By:
Tom Bevans · License #CO FA.100001145
Source:
Crexi
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 21 at 7:14PM
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 Antonoff & Co
Investment Insights
Based on property information with market context.
This offering is a retail property presented as a tenanted cannabis retail investment sale. The space is configured for cannabis retail use and is currently occupied by an operating tenant, providing continuity for an ownership change.
The property is located at 9462 Federal Blvd in Federal Heights, Colorado (80260). The address provides straightforward access for daily customer traffic, with the asset positioned along a major boulevard for visibility and convenience.
For buyers seeking a retail asset with an in-place cannabis retail tenant, this property provides a direct path to ownership without requiring immediate leasing. The transaction is presented specifically as a tenanted investment sale, making it suitable for investors and experienced operators who want to acquire a retail storefront already in use. Please note that all details regarding the tenant and lease terms are not provided here, and interested parties should request the offering materials for complete diligence.
The property is located at 9462 Federal Blvd in Federal Heights, Colorado (80260). The address provides straightforward access for daily customer traffic, with the asset positioned along a major boulevard for visibility and convenience.
For buyers seeking a retail asset with an in-place cannabis retail tenant, this property provides a direct path to ownership without requiring immediate leasing. The transaction is presented specifically as a tenanted investment sale, making it suitable for investors and experienced operators who want to acquire a retail storefront already in use. Please note that all details regarding the tenant and lease terms are not provided here, and interested parties should request the offering materials for complete diligence.
Key Highlights
- Retail property built in 1979
- Tenanted cannabis retail investment sale with an existing operating tenant
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
$53,772
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
5.12%
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%
$1,075,440
$1.1M
Cap Rate 7%
$768,171
$768.2K
Cap Rate 9%
$597,467
$597.5K
Market Conditions
NOI Build-Up for 2,976 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
$80.4K $27.00/SF
− Vacancy
−$3.5K −$1.19/SF
EGI
$76.8K $25.81/SF
− OpEx
−$23.0K −$7.74/SF
NOI
$53.8K $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 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%
$1,075,440
Cap Rate 7%
$768,171
Cap Rate 9%
$597,467
Alternative Uses
Best Use
Retail
$768.2K
$672.2K – $896.2K
NOI $53,772 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.79M
$38.31M – $51.08M
NOI $3,065,023 @ 7.0% cap · market cap 291.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 49%
Electronics 1%
McDonald's
Dining
31,555 visits/mo
0.4 miles
Conoco
Shops & Services
11,734 visits/mo
0.1 miles
7-Eleven
Shops & Services
10,921 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,125 visits/mo
0.1 miles
SONIC Drive In
Dining
6,503 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail property operating under an existing cannabis retail tenant.
Where is this retail space located?
The property is located at 9462 Federal Blvd Federal Heights, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Retail property built in 1979; Tenanted cannabis retail investment sale with an existing operating tenant
