0 Lewis Christensen Rd & Parker Rd Parker, CO 80134
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.