Commercial Property with High Visibility
For Sale
Contact for pricing
2800 W Hampden Ave, Englewood, CO 80110
Mixed-use commercial property with BUS-1 zoning and high visibility.
Property Size4,010 SF
Price / SF$322.94
Days on Market752
Property Features for 2800 W Hampden Ave
General Information
Standard status
Active
Size
4,010 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
BUS-1
Lease Type
NNN
Building Details
Year Built
1956
Year Renovated
2019
Buildings
2
Units
1
Tenancy
Single
Listing Agency:
Unique Properties, Inc
Listed By:
Marc Lippitt · License #CO ER.000183921
(303) 321-5888
Source:
Crexi
Added: Sep 23, 2024
Changed: Oct 1
Last Checked: Oct 12 at 8:01PM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This commercial property, located at 2800 W. Hampden Avenue in Sheridan, Colorado, offers a purchase opportunity for qualified buyers. The property overlooks US 285 and is zoned BUS-1, allowing for a multitude of permitted uses. Most recently, the property was used as a marijuana dispensary. A lighted 50 ft sign provides great visibility. The property size is 4,010 square feet and can be used as mixed-use, retail, office, flex, or industrial space.
Key Highlights
- Zoned BUS‑1, allowing for a multitude of permitted uses.
- High visibility location overlooking US 285.
- Includes a lighted 50 ft sign for excellent advertising.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,794
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,880
$955.9K
Cap Rate 7%
$682,771
$682.8K
Cap Rate 9%
$531,044
$531.0K
Market Conditions
NOI Build-Up for 4,010 SF
Gross rent
$89.0K $22.20/SF
− Vacancy
−$12.6K −$3.13/SF
EGI
$76.5K $19.07/SF
− OpEx
−$28.7K −$7.15/SF
NOI
$47.8K $11.92/SF
Area
Arapahoe County, CO
Vacancy
14.10%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,880
Cap Rate 7%
$682,771
Cap Rate 9%
$531,044
Alternative Uses
Best Use
Mixed Use
$682.8K
$597.4K – $796.6K
NOI $47,794 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.54M
$52.09M – $69.46M
NOI $4,167,498 @ 7.0% cap · market cap 321.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
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Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial property with BUS-1 zoning and high visibility.
Where is this mixed-use property located?
The property is located at 2800 W Hampden Ave Englewood, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Zoned BUS‑1, allowing for a multitude of permitted uses.; High visibility location overlooking US 285.; Includes a lighted 50 ft sign for excellent advertising.
