5231-5233 E 66th Way
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5231-5233 E 66th Way
3,276 SF 100% Leased Retail Building Commerce City, CO 80022 $699,000 ($213/SF) 6.22% Cap Rate
Executive Summary
Denver's best deal! This investment opportunity features two fully leased retail units: an aerobics/nutrition business and a laundromat, both serving the community’s needs. With a large lot, ample parking, and space for developing an additional retail units, this property is perfect for investors looking to grow. Interest rates are dropping, and the local demographics align perfectly with the current tenants, offering stability and room to raise rents for higher returns. Alternatively, expand the laundromat or convert the space into a convenience store for even more income potential. Opportunity to purchase the laundromat machines and start your own Laundromat. Don’t miss out on this great price and cap rate!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,800
|
$17.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,800
|
$17.03
|
| Taxes |
$6,274
|
$1.92
|
| Operating Expenses |
$5,300
|
$1.62
|
| Total Expenses |
$11,574
|
$3.53
|
| Net Operating Income |
$44,226
|
$13.50
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $17.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $17.03 |
| Taxes | |
|---|---|
| Annual | $6,274 |
| Annual Per SF | $1.92 |
| Operating Expenses | |
|---|---|
| Annual | $5,300 |
| Annual Per SF | $1.62 |
| Total Expenses | |
|---|---|
| Annual | $11,574 |
| Annual Per SF | $3.53 |
| Net Operating Income | |
|---|---|
| Annual | $44,226 |
| Annual Per SF | $13.50 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,276 SF
Building Class
C
Year Built/Renovated
1958/2002
Price
$699,000
Price Per SF
$213
Cap Rate
6.22%
NOI
$43,478
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.42 AC
Zoning
C-3 - zoned C3 in Commerce City which allows a broad range of uses such as general and medical office, general retail, liquor stores,restaurants
Parking
25 Spaces (7.63 Spaces per 1,000 SF Leased)
Frontage
217 FT on E 66th Way
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $88,180 | |
| Land Assessment | $43,160 | Annual Taxes | $6,274 ($1.92/SF) |
| Improvements Assessment | $45,020 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$43,160
Improvements Assessment
$45,020
Total Assessment
$88,180
Annual Taxes
$6,274 ($1.92/SF)
Tax Year
2023
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5231-5233 E 66th Way
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