Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Hess Rd & Parker Rd Parker, CO 80134

    • Land
    • 38.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hess Rd & Parker Rd

    Lot size
    38.20 lot acres
    Property type
    Land

    Description

    This exceptional 38.2-acre residential land parcel presents a unique development opportunity in the highly desirable Parker, Colorado market. Situated in the Robinson Ranch PD zoning district, this property is ideally positioned for single-family home construction, capitalizing on the robust housing demand and strong demographic trends of this affluent Denver submarket. The site boasts excellent visibility from Hess Road, with over 15,000 vehicles passing daily. Its location offers future residents easy access to Downtown Parker's vibrant mix of shops, businesses, and restaurants (less than three miles away), major employment centers in the Denver Technological Center (DTC) and Denver South (20 minutes away), and the highly-rated Douglas County School District – ranked #11 by TestPrep as America's Most Envied School District. The surrounding Butterfield neighborhood showcases the area's desirability, with an average home sale price exceeding $1,599,200 over the past year. This infill location offers a rare opportunity to meet the significant demand for single-family homes in this sought-after community, promising both immediate success and long-term value appreciation. The property's address is Hess Rd & Parker Rd, Parker, CO 80134.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.756
    Latitude
    39.4914

    Comparable in this City

    • Value Estimation by Request
      4.53 Acres

      Hess Rd

      Land • 4.53 Acres
      0 Hess Rd, Parker, CO 80134
      View Details
    • Value Estimation by Request
      0.78 Acres

      Parker, CO 80134

      Multifamily properties • 0.78 Acres
      Parker, CO 80134
      View Details
    • Value Estimation by Request
      13.21 Acres

      Lewis Christensen Rd & Parker Rd

      Multifamily properties • 13.21 Acres
      0 Lewis Christensen Rd & Parker Rd, Parker, CO 80134
      View Details
    • Value Estimation by Request
      0.78 Acres

      Nec Of Mainstreet & 20 Mile Rd

      Multifamily properties • 0.78 Acres
      0 Nec Of Mainstreet & 20 Mile Rd, Parker, CO 80134
      View Details
    • Value Estimation by Request
      4.74 Acres

      8752 State Hwy

      Land • 4.74 Acres
      8752 State Hwy, Parker, CO 80134
      View Details
    • Value Estimation by Request

      Cor Of Parker Rd & Hess Rd

      Neighborhood centers
      0 Cor Of Parker Rd & Hess Rd, Parker, CO 80134
      View Details

    Similar Nearby for Sale

    • $2,000,000
      13.21 Acres

      Prime Parker Apartment Building

      Multifamily investment opportunity in Parker, CO
      0 Lewis Christensen Rd & Parker Rd, Parker, CO 80134
      View Details
    • Contact for pricing
      0.97 Acres

      Parker Commercial Land Opportunity

      Prime Parker, CO land for sale or lease.
      - PARKER CO Parker Rd & Stroh Rd, Parker, CO 80134
      View Details
    • Contact for pricing
      1.01 Acres

      Prime Parker Commercial Land

      1-1.3 Acres, High-Growth Area
      16735 Auburn Hills Dr, Parker, CO 80134
      View Details
    • $2,500,000
      9.62 Acres

      Prime Parker Commercial Land

      9.6 Acres, Mixed-Use Potential
      0 Sec Of Parker Rd. & Vly Hi Dr, Parker, CO 80134
      View Details
    • $2,218,946
      2.83 Acres

      Parker Commercial Land Investment

      Prime 2.83-acre retail lot in Parker, CO
      0 Chambers Rd & Double Angel Rd, Parker, CO 80134
      View Details
    • $1,084,000
      1.31 Acres

      Dransfeldt Road Commercial Land Parcel

      1.31-acre build-ready lot in Parker, CO
      0 Dransfeldt Rd, Parker, CO 80134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      172,933 SF

      ANTHOLOGY: Retail Pads for Sale/Lease

      Prime Douglas County retail land, ready to build.
      12923 Stroh Ranch Dr, Parker, CO 80134
      View Details
    • Contact for pricing

      Prime Parker Commercial Land

      2.72 Acres, Retail Pad, E-470 Access
      8919 Birch Run Ln, Parker, CO 80134
      View Details
    • $125,000
      59,242 SF

      Parker Road Pad Site Opportunity

      1.36-acre commercial land, ground lease available.
      0 Parker Rd, Parker, CO 80134
      View Details
    • Contact for pricing

      Commercial Lot on Highway 83

      1.56 AC commercial lot with highway visibility for lease.
      Highway 83 N, Parker, CO 80134
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Land for lease in an up and coming trade area.
      4120 Mainstreet, Parker, CO 80134
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land suitable for retail, service, and recreation uses.
      11833 Newlin Gulch Blvd, Parker, CO 80134
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Hess Rd & Parker Rd
    Parker, CO 80134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.