12240 Lioness Way Parker, CO 80134-5603
Property profile & analytics
12240 Lioness Way Parker, CO 80134-5603
- Commercial real estate
- 8,739 SF
- 1.04 lot acres
Property ID
US13-0815730
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- SafeSplash Swim School - Parker/LoneTree / Tutoring Service
- Gonzales Corp / Hardware & Home Improvement / Home Appliance Store
- Dudley Corp / Big Box & Wholesale Store / Building Supply
Property Details for 12240 Lioness Way
- Year built
- 2006
- Lot size
- 1.04 lot acres
- Property size
- 8,739 SF
- Property type
- Commercial real estate
- APN
- R0465334
- APU
- R0465334
Description
Exceptional investment opportunity: a single-tenant, 8,739 square foot retail building in Parker, Colorado, fully occupied by SafeSplash Swim School under a long-term NNN lease expiring December 31, 2035. This represents 11.1 years remaining on the lease, with a 1% annual rent increase. The property boasts a 5.41% cap rate and a strong net operating income (NOI) of $208,285. Built in 2006 and extensively renovated in 2022 ($1.2 million in improvements), the property features 31 parking spaces and sits on a 1.04-acre lot zoned PUD. The location is prime, situated on high-traffic Lincoln Avenue, providing easy access to major highways (I-25 and E-470) and light rail. The surrounding area exhibits robust demographics, with a three-mile radius average household income exceeding $156,000, a population of over 53,000, and 44,337 employees. The current rent of $23.57 per square foot is below market value, according to Costar, which reports an average of $27.93 per square foot in the submarket. SafeSplash, a well-established and nationally recognized swim school brand, benefits from an e-commerce resistant business model, making this a stable and attractive investment. The property's proximity to the RidgeGate mixed-use development further enhances its long-term value and potential. The asking price is $3,850,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,755,000
- ML approach
- $2,865,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,473,000
Market price range: $1.89M - $4.20M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,840,000 Current use
- RESTAURANT
- $4,740,000 Change: +67% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,755,000 Change: +32% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,275,000 Change: +15% Conversion: Difficult
- RETAIL STORES
- $2,980,000 Change: +5% Conversion: Easy
- MEDICAL BUILDING
- $2,805,000 Change: -1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Parker
- County
- Douglas
- State
- Colorado
- Longitude
- -104.847
- Latitude
- 39.5347
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,693
$141,020
$228,710
$369,730
-
$505,435
$819,762
$1,325,197
