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

    210 Elizabeth St Elizabeth, CO 80107

    • Strip malls
    • 1.32 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Apr 13, 2022
    $6,200,000
    Value Estimations
    $6,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0880836
    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

    • Catrina Mexican Grill Burrito / Mexican Restaurant / Family Restaurant
    • Subway / Sandwich Shop / Caterer
    • Innovative Eyecare Elizabeth / Optometrist
    • TIM BROWN JEWELERS / Jewelry Store
    • Parker Orthodontics- Elizabeth / Orthodontist

    Property Details for 210 Elizabeth St

    Year built
    1999
    Lot size
    1.32 lot acres
    Zone code
    RC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    85131-23-001
    APU
    8513123001

    Description

    This exceptional retail opportunity presents 6,752 square feet of vacant space within the thriving Gold Creek Shopping Center, located at 210 S Elizabeth St, Elizabeth, CO 80107. The center boasts a total of 14,767 square feet across three single-story buildings, offering flexible spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,752 square feet. Ample parking is provided with 788 surface spaces for customer convenience. The property enjoys a highly visible location on HWY 86 in Elbert County's Southeast Outlying submarket. This prime location benefits from its proximity to the sold-out Gold Creek Valley Subdivision and the actively selling Legacy Village Subdivision, which comprises 232 planned homesites, ensuring a strong and growing customer base. The center is already home to a diverse range of popular national retailers, including Sonic, Big O Tires, Big R, Taco Bell, Ziggi's Coffee, and Anytime Fitness, creating a vibrant and established retail environment. This presents a unique chance to establish or expand your business within a successful and well-positioned shopping center in a rapidly developing area. The property is easily accessible and offers excellent visibility, making it an ideal location for a variety of retail businesses. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,825,000
      ML approach
      $5,775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Elbert
    State
    Colorado
    Longitude
    -104.609
    Latitude
    39.3596
    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
    $61,125
    $167,880
    $523,990
    $691,870
    -
    $601,726
    $1,878,114
    $2,479,840

    Comparable in this City

    • Value Estimation
      $630,000
      35,958 SF

      133 County Rd 17th Cir104-11

      SHOPPING CENTER, STRIP CENTER • 35,958 SF
      133 County Rd 17th Cir104-11, Elizabeth, CO 80107-5120
      View Details
    • Value Estimation
      $6,045,000
      900 SF

      240 Elizabeth St, Unit 101-11

      SHOPPING CENTER, STRIP CENTER • 900 SF
      240 Elizabeth St, Elizabeth, CO 80107-7537
      View Details
    • Value Estimation by Request
      1.56 Acres

      724 Kiowa Ave, Unit 101

      SHOPPING CENTER, STRIP CENTER • 1.56 Acres
      724 Kiowa Ave, Elizabeth, CO 80107-7992
      View Details
    • Value Estimation
      $1,200,000
      13,380 SF

      5390 Hunt Cir

      AUTO REPAIR, GARAGE • 13,380 SF
      5390 Hunt Cir, Elizabeth, CO 80107-9225
      View Details
    • Value Estimation by Request
      3,416 SF

      700 Kiowa Ave

      CAR WASH • 3,416 SF
      700 Kiowa Ave, Elizabeth, CO 80107
      View Details
    • Value Estimation by Request
      343 SF

      144 Main St

      RETAIL STORES (PERSONAL SERVICES) • 343 SF
      144 Main St, Elizabeth, CO 80107-7565
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,767 SF

      Elizabeth Retail Center For Sale

      Prime shopping destination anchored by Safeway in Elizabeth, Colorado.
      210-240 S Elizabeth St, Elizabeth, CO 80107
      View Details
    • Contact for pricing
      1.20 Acres

      Wild Pointe Ranch Marketplace

      Elizabeth, CO Retail Land Investment
      0 State Hwy 86, Elizabeth, CO 80107
      View Details
    • $2,400,000
      1,855 SF

      Retail Property in Walmart Center

      Retail property with lease in Walmart anchored shopping center.
      2360 Legacy Cir, Elizabeth, CO 80107
      View Details
    • $2,200,000
      10,428 SF

      Elizabeth Multifamily Investment Opportunity

      12-Unit Apartment Complex, High Occupancy
      175 Spruce St, Elizabeth, CO 80107
      View Details
    • $1,300,000

      Development Land with Home

      Development land for sale with a 4,200 SF home.
      35568 County Road 13, Elizabeth, CO 80107
      View Details
    • $350,000

      Land For Sale

      Land available for purchase.
      30064 Imperial Pt, Elizabeth, CO 80107
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      14,767 SF

      Gold Creek Shopping Center: Elizabeth, CO

      Prime Elizabeth Retail Space Available
      210 Elizabeth St, Elizabeth, CO 80107
      View Details
    • $24 SF/Yr
      14,767 SF

      Gold Creek Shopping Center For Lease

      Gold Creek Shopping Center For Lease
      210-240 S. Elizabeth Street, Elizabeth, CO 80107
      View Details
    • $24 SF/Yr
      1,552 SF

      Dental Space in Elizabeth, CO

      Second-generation dental space available for rent in Elizabeth, CO.
      117 S Elizabeth St, Elizabeth, CO 80107
      View Details
    • $8,000 /Mo
      2,400 SF

      Retail Building in Downtown Elizabeth

      2,400 SF retail building with outdoor storage in Elizabeth, CO.
      125 S Tabor St, Elizabeth, CO 80107
      View Details
    • $5,000 /Mo

      Commercial Land in Elizabeth

      Prime commercial land available for ground lease or build-to-suit.
      34075 County Road 13, Elizabeth, CO 80107
      View Details
    • $14 SF/Yr
      2,500 SF

      Warehouse Space Available Immediately

      2,500 SF warehouse space for rent, ideal for contractors.
      2859 County Road 142, Elizabeth, CO 80107
      View Details
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    Elizabeth, CO 80107
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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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