7296 Magnolia St Commerce City, CO 80022-1717
This 1,855 square foot retail building in Commerce City, CO, is a fantastic owner-user opportunity. Located at 7296 Magnolia St (APN R0079857), this single-story, Class C building sits on a 0.17-acre lot and boasts 8 parking spaces. Built in 1947 and extensively renovated in 2022, the property features 1,074 square feet of above-grade space and an additional 781 square feet of partially finished basement storage. The interior includes multiple offices, a half-bath, and a kitchen, all updated with fresh paint and flooring. Exterior features include convenient front and back patios and a detached storage shed accessible via a new gravel driveway. The property benefits from high street visibility, ample concrete parking, and easy access to major roadways and amenities. Zoned for commercial use, this property presents a unique blend of functionality and potential, ideal for an owner-occupier seeking a well-maintained space with expansion possibilities. The asking price is $450,000 ($242.59/sq ft).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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