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    OFF-MARKET
    Land

    4950 62Nd Ave, Commerce City, CO 80022

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial and industrial land parcel presents a unique investment opportunity in Commerce City, Colorado. Situated at the intersection of US-85 and E. 62nd Ave., this property boasts unparalleled visibility and accessibility. The site is conveniently located just one mile north of Highway 270, ensuring easy access to major transportation arteries. The property is part of a King Soopers-anchored center, benefiting from the significant traffic generated by this major grocery store and other national tenants. This strategic location is further enhanced by its proximity to the Mile High Greyhound Park Redevelopment project. This large-scale development encompasses 65 acres and includes plans for approximately 780 new multifamily units, along with single-family homes, institutional/educational facilities, and additional commercial properties. The ongoing development promises increased population density and heightened commercial activity in the immediate vicinity, creating a strong foundation for future growth and appreciation. The land itself is between zero and one acre, offering a flexible canvas for a variety of development possibilities. The single-tenant nature of the current configuration provides a streamlined approach to development and management. This property is located in Adams County.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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