30403 Kings Valley Dr Conifer, CO 80433
- Commercial real estate
- 3,371 SF
- 6.25 lot acres
Current Use by Public Records
- Trexon - ConexSmart / Aerospace Company
- Foothills Computer Service / Computer Repair Service / Computer Consultant
- S-Tech Switch Systems / Manufacturer
- Mountainside CBD & Wellness / Health And Beauty Shop
- Conifer Jazzercise Fitness Center / Gym
Property Details for 30403 Kings Valley Dr
- Year built
- 2008
- Lot size
- 6.25 lot acres
- Property size
- 3,371 SF
- Property type
- Commercial real estate
- APN
- 61-332-00-002
- APU
- 6133200002
Description
This exceptional investment opportunity presents the Kings Valley Marketplace, a two-story, 55,240-square-foot retail storefront located at 30403 Kings Valley Dr, Conifer, CO 80433. Built in 2008, this property sits on a 5.56-acre lot (APN 61-332-00-002) and boasts a current NOI of $787,814, translating to a 4.77% cap rate. A pro-forma NOI of $792,129 projects a 4.80% cap rate, reflecting significant upside potential. The property is currently 98% occupied, with the majority of substantial tenants holding leases ranging from 8 to 84 years. Recent improvements include a parking lot resurfacing exceeding $300,000. The property is zoned P-D and is situated in a thriving, affluent community with limited available space and high demand, creating a highly competitive investment environment. The property offers a long-term investment opportunity with potential for value-add strategies, such as converting leases to NNN structures and leveraging rent escalations. This presents a compelling opportunity for investors seeking strong cash flow and future appreciation in a desirable Colorado location. The asking price is $16,500,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conifer
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.348
- Latitude
- 39.4922
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
