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Property profile & analytics
OFF-MARKET
Land

0 Lewis Christensen Rd & Parker Rd Parker, CO 80134

13.21 ac lot
Property ID
Property summary
AI-generated overview

This exceptional multifamily property, located at the southwest corner of S. Lewis Christensen Road and Parker Road in Douglas County, Colorado (zip code 80134), presents a rare investment opportunity. The 13.208-acre lot boasts 217 feet of frontage along S. Lewis Christensen Road, offering excellent visibility and accessibility. The property is already annexed and zoned for multi-family use, simplifying the development process. Its strategic location provides convenient access to Parker Road and the future J. Morgan Boulevard extension, ensuring easy commutes for residents. Furthermore, the property's proximity to grocery stores and retail services caters to the needs of tenants, while its adjacency to the Cherry Creek Trail adds significant recreational appeal. The asking price is $2,000,000, translating to a price per square foot of $3.47. This property represents a compelling investment in a thriving Colorado community. The property is classified as both Multifamily and Land, and is an Apartment Building. This is a truly unique opportunity to acquire a well-situated multifamily development in a high-demand area. The property's zoning is Multi-Family.

Property profile
Verified
Property type Land
Lot 13.21 ac (575,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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