9938 Trainstation CirLone Tree, CO 80124

  • Apartment buildings
  • 222,884 SF

Property Details for 9938 Trainstation Cir

Year built
2019
Construction
FRAME
Lot size
2.73 AC
Property size (Sq ft)
222,884 SF
Property type
Apartment buildings
APN
R0491195
APU
R0491195

Description

This 560-square-foot retail space is situated on the ground floor of a new 240-unit multi-family building in Lone Tree, Colorado. The property boasts a large patio, ideal for outdoor seating or additional retail space. Its exceptional location offers unparalleled access to a significant concentration of high-income employees. The space is ideally positioned between the Charles Schwab Campus (over 4,500 employees) and the Kiewit Regional Headquarters (over 1,150 employees), and directly across from Sky Ridge Medical Center (1,500 employees). This prime location benefits from high area incomes exceeding $169,000 within a one-mile radius. The property is part of the Sky Ridge transit-oriented development (TOD), occupying the last available parcel of land within this thriving community. The address is 9938 Trainstation Circle, Lone Tree, CO 80124, and is conveniently located near Sky Ridge Avenue in Douglas County. The property is suitable for a variety of retail uses, including restaurants, retail shops, and fitness centers. This single-tenant space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $67,857,000
    6.5%
    $62,637,200
    7%
    $58,163,100
  • Comparable approach

    Method
    Valuation
    Relative Method
    $21,545,200
    Geo Method
    $21,545,200
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $102,159,000
    Retail / Commercial
    $52,044,600
    Mixed-Use / Specialty
    $51,589,600
    Hospitality / Lodging
    $37,498,800
    Office
    $51,002,500
    Institutional / Educational
    $53,536,100
    Multifamily
    $76,617,600
    Automotive / Energy
    $45,888,100
    Parking / Income-Based Land
    $16,101,600
    Restaurant / Food Service
    $26,257,100
    Healthcare / Senior Housing
    $53,180,500

Location Insight

City
Lone Tree
County
Douglas
State
Colorado
Latitude
39.5328
Longitude
-104.872
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
$341,001
$127,480
$2,343,320
$2,470,800
-
$1,902,701
$34,974,902
$36,877,603

FAQs

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