Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27988 Knowles Rd Evergreen, CO 80439
    Back to Search
    Property profile & analytics

    27988 Knowles Rd, Evergreen, CO 80439

    View on Map
    • Retail properties & Spaces
    • 8,194 SF
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 27988 Knowles Rd

    Year built
    1919
    Lot size
    1.70 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional Evergreen, Colorado retail property, located at 27988 Knowles Rd, offers a unique investment opportunity. The 8,194 square foot commercial space, built in 1919, sits on a 1.7-acre lot and is zoned MR-1. The property's prime location is just one block from downtown Evergreen, providing easy access to a vibrant community with numerous restaurants, bars, galleries, and recreational activities such as the Evergreen Lake, which hosts concerts, paddleboarding, ice skating, and New Year's fireworks. The property's proximity to popular establishments like the Wildflower and the Little Bear further enhances its appeal. This property presents a multitude of potential uses, given its zoning and location. The current configuration includes six contiguous properties, totaling eight dwelling units, offering immediate rental income potential. The property's charm and location make it ideal for various strategies, including fix-and-flip, fix-and-hold, or short-term rental management. The potential for redevelopment into single-family townhomes or condos also exists, subject to necessary approvals. The asking price is $3,250,000. Serious inquiries only. Please do not disturb tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.318
    Latitude
    39.634

    Comparable in this City

    • Value Estimation by Request
      15,700 SF

      1204 Bergen Pkwy

      Retail properties & Spaces
      1204 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      3,653 SF

      27945 Mdw Dr

      Office Spaces
      27945 Mdw Dr, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      7,500 SF

      1246 Bergen Pkwy

      Neighborhood centers
      1246 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      7,635 SF

      4602 Plettner Ln

      Office Spaces
      4602 Plettner Ln, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      13,000 SF

      1552 Bergen Pkwy

      Office Units
      1552 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation by Request
      23,000 SF

      1204 Bergen Pkwy

      Retail properties & Spaces
      1204 Bergen Pkwy, Evergreen, CO 80439
      View Details

    Similar Nearby for Sale

    • $4,350,000
      23,000 SF

      Bergen Park Retail Investment

      Evergreen, CO: Thriving Entertainment Complex
      1204 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Contact for pricing
      2,036 SF

      Floyd Hill Flex/Industrial Space

      Located in Floyd Hill Business Park with flexible zoning.
      35715 Us Hwy 40, Evergreen, CO 80439
      View Details
    • Contact for pricing
      6,875 SF

      Evergreen Parkway Commercial Buildings For Sale

      Two buildings on Evergreen Parkway with income and redevelopment potential.
      3022 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • Contact for pricing
      1,000 SF

      Evergreen Commercial Space with Garage

      Versatile commercial space in Evergreen, Colorado, with flexible layout.
      30735 Bryant Dr, Evergreen, CO 80439
      View Details
    • $455,000
      2,016 SF

      Evergreen Business Condo with Licenses

      2,016 sq ft condo with cannabis licenses in Evergreen, CO.
      35715 Hwy 40, Evergreen, CO 80439
      View Details
    • Contact for pricing
      18,464 SF

      Evergreen Flex Showroom Asset

      Premier showroom with high visibility and utility in Evergreen, CO.
      114 Homestead Rd, Evergreen, CO 80439
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,635 SF

      Evergreen Office Space Available

      Versatile Evergreen office, high visibility
      4602 Plettner Ln, Evergreen, CO 80439
      View Details
    • Contact for pricing
      2,235 SF

      Evergreen Retail Space Available

      2,235 SF retail unit with open layout.
      30901-30931 Stagecoach Blvd, Evergreen, CO 80439
      View Details
    • Contact for pricing

      Evergreen Parkway Retail/Office Space

      Retail and office spaces for lease in Bergen Park.
      32214 Ellingwood Trl, Evergreen, CO 80439
      View Details
    • Contact for pricing
      1,003 SF

      Evergreen Parkway Retail/Office Space

      Log building with scenic views, ideal for retail or office.
      32214 Ellingwood Trl, Evergreen, CO 80439
      View Details
    • Contact for pricing

      Evergreen Retail Space Available

      Retail space available in Evergreen, Colorado.
      1291 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Contact for pricing

      Bergen Park Retail/Office Space

      Office or retail space in central Bergen Park location.
      1301 Bergen Pkwy, Evergreen, CO 80439
      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.
    27988 Knowles Rd
    Evergreen, CO 80439
    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
    27988 Knowles Rd, Evergreen, CO, 80439
    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!