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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18424 Cottonwood Dr Parker, CO 80138-8876

    • Drive through restaurants
    • 3,542 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Aug 24, 2022
    $2,353,000
    Value Estimations
    $2,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2241373
    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.

    Current Use by Public Records

    • Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant

    Property Details for 18424 Cottonwood Dr

    Year built
    2018
    Lot size
    1.28 lot acres
    Property size
    3,542 SF
    Property type
    Drive through restaurants
    APN
    R0497857
    APU
    R0497857

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,890,000
      ML approach
      $2,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,207,000
      Market price range: $1.12M - $2.53M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.776
    Latitude
    39.5572
    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
    $33,555
    $140,220
    $240,330
    $380,550
    -
    $502,595
    $861,409
    $1,364,004

    Comparable in this City

    • Value Estimation by Request
      3,701 SF

      18200 Cottonwood Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,701 SF
      18200 Cottonwood Dr, Parker, CO 80138-8990
      View Details
    • Value Estimation
      $615,000
      6,544 SF

      9160 Crown Crst Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,544 SF
      9160 Crown Crst Blvd, Parker, CO 80138-8697
      View Details
    • Value Estimation by Request
      2,920 SF

      11179 Pike Peak Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,920 SF
      11179 Pike Peak Dr, Parker, CO 80138-7388
      View Details
    • Value Estimation
      $2,370,000
      2,170 SF

      11147 Pike Peak Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,170 SF
      11147 Pike Peak Dr, Parker, CO 80138-7388
      View Details
    • Value Estimation by Request
      4,690 SF

      9335 Crown Crst Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,690 SF
      9335 Crown Crst Blvd, Parker, CO 80138-8573
      View Details
    • Value Estimation by Request
      1,353 SF

      22040 Idyllwilde Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,353 SF
      22040 Idyllwilde Dr, Parker, CO 80138-8844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,010 SF

      Freestanding Restaurant in Downtown Parker

      Restaurant with hood, grease trap, and two outdoor patios.
      19420 E Mainstreet, Parker, CO 80138
      View Details
    • Contact for pricing
      1.18 Acres

      Parker Retail Land Opportunity

      Prime Parker, CO development site
      0 Ponderosa Dr, Parker, CO 80138
      View Details
    • Contact for pricing
      74,607 SF

      Parker Retail and Office Building

      Three-story building with retail and office space for sale.
      19751 E Mainstreet, Parker, CO 80138
      View Details
    • Contact for pricing
      0.82 Acres

      Kings Point Retail Land Opportunity

      Prime Parker, CO Retail Land - High Visibility
      0 Cottonwood Dr, Parker, CO 80138
      View Details
    • $7,400,000
      38,970 SF

      Parker Retail Center For Sale

      Retail property in Parker, Colorado, built in 2008.
      11020 S Pikes Peak Dr, Parker, CO 80138
      View Details
    • $965,000

      Land For Sale

      Land available for purchase.
      10276 Pne Song Pl, Parker, CO 80138
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      13,686 SF

      Mainstreet & Pine Retail Opportunity

      Parker, CO: Prime Retail & Multifamily Space
      19865 Mainstreet, Parker, CO 80138
      View Details
    • Contact for pricing
      43,560 SF

      Kings Point Retail Land Opportunity

      Prime 1-acre retail pad, E-470 visibility.
      0 Cottonwood Dr, Parker, CO 80138
      View Details
    • $24 SF/Yr
      11,254 SF

      Parker Road Mixed-Use Building

      Mixed-use building with high visibility and abundant parking.
      Parker, CO 80138
      View Details
    • Contact for pricing
      884 SF

      Parker Retail Center For Lease

      Retail center with high visibility and strong demographics.
      19240 Lincoln Ave, Parker, CO 80138
      View Details
    • $21 SF/Yr
      1,993 SF

      Move-In Ready Medical/Office Space

      Available medical/office space near Parker Adventist and Children’s Hospital.
      19284 Cottonwood Dr, Parker, CO 80138
      View Details
    • $25 SF/Yr
      480 SF

      Parker Office Space For Lease

      Office space available immediately, ideal for small businesses.
      10015 S Parker Rd, Parker, CO 80138
      View Details
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    18424 Cottonwood Dr
    Parker, CO 80138-8876
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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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