Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sec Of Erie Pkwy & Briggs St Erie, CO 80516
    Back to Search
    Property profile & analytics

    Sec Of Erie Pkwy & Briggs St, Erie, CO 80516

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Sec Of Erie Pkwy & Briggs St

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 10,000 square feet of finished retail pads available for sale, located at the intersection of Erie Parkway and Briggs Street in Weld County. The property is situated in a high-growth area, identified as one of the nation's best places to live, boasting a median household income exceeding $109,000. These pads are ideal for a variety of commercial uses, including restaurants, banks, drive-thru establishments (fast food and coffee shops), and automotive businesses. The site offers excellent visibility and accessibility due to its location on major thoroughfares, Powers Street and Erie Parkway. Conceptual site plans are available for both retail and residential development, though these are subject to change. Pads are available for purchase individually or in bulk, with pricing ranging from $14.00 to $18.00 per square foot. Bulk pricing is negotiable. This is a rare chance to secure a prime location in a thriving market. The property consists of one building, and is classified as a single-tenant retail outparcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Weld
    State
    Colorado
    Longitude
    -105.047
    Latitude
    40.0409

    Comparable in this City

    • Value Estimation by Request
      1,750 SF

      Erie Pkwy

      Restaurants
      0 Erie Pkwy, Erie, CO 80516
      View Details
    • Value Estimation by Request
      0.99 Acres

      Erie Pkwy And Briggs St

      Restaurants
      0 Erie Pkwy And Briggs St, Erie, CO 80516
      View Details
    • Value Estimation by Request
      0.82 Acres

      1891 State Highway 7

      Lifestyle centers
      1891 State Highway 7, Erie, CO 80516
      View Details
    • Value Estimation by Request

      Sec Of Erie Pkwy & Briggs St

      Restaurants
      0 Sec Of Erie Pkwy & Briggs St, Erie, CO 80516
      View Details
    • Value Estimation by Request
      3,558 SF

      524 Briggs St

      Restaurants
      524 Briggs St, Erie, CO 80516
      View Details
    • Value Estimation by Request
      1,909 SF

      350 Ambrose St

      FINANCIAL BUILDING
      350 Ambrose St, Erie, CO 80516
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Pad Sites For Sale

      Pad sites available for lease, build-to-suit, or sale.
      1891 State Highway 7, Erie, CO 80516
      View Details
    • Contact for pricing
      25,236 SF

      High-Visibility Retail/Automotive Property

      Exceptional potential for retail, service, or showroom operations.
      3761 Monarch St, Frederick, CO 80516
      View Details
    • $950,000

      Prime Commercial Space in Erie

      Move-in ready office space with income potential in Old Town.
      695 Pierce St, Erie, CO 80516
      View Details
    • Contact for pricing
      1,801 SF

      Newland Plan Home in Erie

      Professionally-designed home with open-concept design, stylish finishes, and modern amenities.
      647 Skyhook St, Erie, CO 80516
      View Details
    • Contact for pricing
      18,561 SF

      Erie Aviation and Industrial Property

      Aviation and industrial property with lease in place through 2035.
      2865 Airport Dr, Erie, CO 80516
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,700 SF

      Retail Space in Growing Area

      Retail property in a growing residential market, fronting Highway 7.
      50 County Road 3, Erie, CO 80516
      View Details
    • Contact for pricing
      19,700 SF

      Highway 7 Retail Opportunity

      19,700 SF retail space with drive-thru and patio potential.
      2999 Bonanza Dr, Erie, CO 80516
      View Details
    • Contact for pricing
      64,931 SF

      Industrial Space in Broomfield, Colorado

      Industrial space available for lease in Broomfield, Colorado.
      17754 Spinnaker Way, Erie, CO 80516
      View Details
    • $21 SF/Yr
      3,800 SF

      Downtown Erie Office Space Available

      Office space in downtown Erie with customizable layout and parking.
      660 Briggs St, Erie, CO 80516
      View Details
    • Contact for pricing

      Land for Ground Lease

      Pad sites available in new development near State Highway 7.
      Nwc State Hwy 7 & Huron St, Broomfield, CO 80516
      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.
    Sec Of Erie Pkwy & Briggs St
    Erie, CO 80516
    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

    Thank You for Inquiry
    Sec Of Erie Pkwy & Briggs St, Erie, CO, 80516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!