Commercial Property with High Visibility
2800 W Hampden Ave, Englewood, CO 80110
Mixed-use commercial property with BUS-1 zoning and high visibility.
Type:Industrial, Mixed Use, Office, Retail
Property size:
4,010 SFPrice / SF:
$322/SF- Added:
- Sep 23, 2024
- Days on Market:
- 616
- Last Refresh:
- May 13 at 8:19 pm
Property Features for 2800 W Hampden Ave
General Information
- Standard status
- Active
- Size
- 4,010 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1956
Listing agent Marc Lippitt License #CO ER.000183921
Listing office Unique Properties, Inc
Listing date Sep 23, 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 Unique Properties, Inc
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.
- Previously operated as a marijuana dispensary.
- Opportunity to purchase the property.
- Located at 2800 W. Hampden Avenue in Sheridan, Colorado.
Overview
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.
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 | $108.3k | $27.00 |
| − Vacancy | −$4.8k | −$1.19 |
| EGI | $103.5k | $25.81 |
| − OpEx | −$31.1k | −$7.74 |
| NOI | $72.5k | $18.07 |
4,010 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$905.7K – $1.21M
NOI $72,454 @ 7.0% cap · market cap 5.59%
Second Best
Mixed Use
$682.8K
$597.4K – $796.6K
NOI $47,794 @ 7.0% cap · market cap 3.69%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dispensary
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.0223941
- Latitude
- 39.6528431
Nearby Similar for Sale
FAQs
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.
