7296 Magnolia StCommerce City, CO 80022

Property Details for 7296 Magnolia St

Year built

1947

Lot size

0.17 AC

Property size (Sq ft)

1,008 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

R0079857

APU

R0079857

Description

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 approach

  CAP return

  Valuation

  6%

  $240,836

  6.5%

  $222,310

  7%

  $206,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,689

  Geo Method

  $83,281

• Alternative Use

  Use

  Valuation

  Residential

  $275,665

  Hospitality

  $252,507

  Educational

  $210,083

  Medical

  $217,308

  Retail

  $326,796

Location Insight

City

Commerce City

County

Adams

State

Colorado

Latitude

39.8291

Longitude

-104.91

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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