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    35715 Us-40 Evergreen, CO 80439

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 35715 Us-40

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional investment opportunity presents a 4,209 square foot Class B creative office building located in Evergreen, Colorado, at 35715 US-40, zip code 80439. The property, known as Clear Creek Technology Park - Building D, boasts a strong 10.00% capitalization rate, making it an attractive proposition for discerning investors. Currently occupied by a licensed, industry-leading retail and medical marijuana manufacturer under a triple-net (NNN) lease, the building offers significant financial stability. The lease agreement extends until October 31, 2027, providing long-term income security. The property is managed by an owner-only association, simplifying operational oversight. The building's 4,209 square feet represent two suites that have been combined into a single, cohesive space, ideal for the current tenant's operations. This turnkey investment is situated in Clear Creek County and offers a compelling blend of secure income and substantial return potential. The property's location in Evergreen, Colorado provides access to a thriving market and presents a rare opportunity for acquiring a high-performing asset with a proven tenant and a substantial remaining lease term. The asking price for this exceptional investment property is $955,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.404
    Latitude
    39.7213

    Comparable in this City

    • Value Estimation by Request
      45,691 SF

      2922 Evergreen Pkwy

      Neighborhood centers • 45,691 SF
      2922 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      5,749 SF

      3092 Evergreen Pkwy

      Office space • 5,749 SF
      3092 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      13,000 SF

      1552 Bergen Pkwy

      Office space • 13,000 SF
      1552 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      39,303 SF

      32045 Castle Ct

      Office Properties & Spaces • 39,303 SF
      32045 Castle Ct, Evergreen, CO 80439
      View Details
    • Value Estimation
      $245,000
      526 SF

      1202 Bergen Pkwy Ste, Unit 204

      CONDOMINIUM OFFICES • 526 SF
      1202 Bergen Pkwy Ste, Evergreen, CO 80439-9559
      View Details
    • Value Estimation
      $265,000
      525 SF

      1202 Bergen Pkwy Ste, Unit 213

      CONDOMINIUM OFFICES • 525 SF
      1202 Bergen Pkwy Ste, Evergreen, CO 80439-9559
      View Details

    Similar Nearby for Sale

    • $625,000
      3,300 SF

      Evergreen Office/Warehouse Versatile Building

      3,300 SF building ideal for office or office warehouse use.
      35715 U.S Hwy 40, Evergreen, CO 80439
      View Details
    • $700,000
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      Evergreen Office/Warehouse Investment Opportunity

      3,355 SF office/warehouse in Evergreen, move-in ready with ample parking.
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    • $230,000

      Evergreen Office Units For Sale

      Two office units with open floorplan and outdoor patio.
      30752 Southview Dr, Evergreen, CO 80439
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    • $5,985,000
      39,303 SF

      Evergreen Office Building For Sale

      Multi-tenant office building, high occupancy, prime location.
      32045 Castle Ct, Evergreen, CO 80439
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    • $2,000,000
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      Evergreen Office Complex - 4.6 Acres

      Prime Mountain Office & Land Opportunity
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      Evergreen Office/Medical Building For Sale

      Renovated 10,229 SF building suitable for office or medical use.
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    Similar Nearby for Lease

    • $26 SF/Yr

      Evergreen Office Space For Rent

      Office space in high-traffic area with private offices.
      31955 Castle Ct, Evergreen, CO 80439
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    • $20 SF/Yr
      5,749 SF

      Evergreen Office Building For Lease

      Prime Evergreen Office Space Available
      3092 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • $15 SF/Yr
      45,691 SF

      Center at Evergreen

      Neighborhood centers • 45,691 SF
      2922 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • $1,200 /Mo
      1,134 SF

      Downtown Evergreen Office Space Available

      Shared office space in downtown Evergreen with creek views.
      28186 State Hwy 74, Evergreen, CO 80439
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    • $15 SF/Yr
      25,494 SF

      Evergreen Office Space for Lease

      Prime Evergreen location, multiple suites available.
      32156 Castle Ct, Evergreen, CO 80439
      View Details
    • $12 SF/Yr
      16,605 SF

      Evergreen Office Space For Lease

      Class A Office Suites Available Now
      32065 Castle Ct, Evergreen, CO 80439
      View Details
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    35715 Us-40
    Evergreen, CO 80439
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    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
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