30403 Kings Valley DrConifer, CO 80433

  • Other commercial real estate
  • 3,371 SF
For Sale
$16,500,000 View listing

Property Details for 30403 Kings Valley Dr

Year built
2008
Lot size
6.25 AC
Property size (Sq ft)
3,371 SF
Property type
Other commercial real estate
APN
61-332-00-002
APU
6133200002

Description

This exceptional investment opportunity presents the Kings Valley Marketplace, a two-story, 55,240-square-foot retail storefront located at 30403 Kings Valley Dr, Conifer, CO 80433. Built in 2008, this property sits on a 5.56-acre lot (APN 61-332-00-002) and boasts a current NOI of $787,814, translating to a 4.77% cap rate. A pro-forma NOI of $792,129 projects a 4.80% cap rate, reflecting significant upside potential. The property is currently 98% occupied, with the majority of substantial tenants holding leases ranging from 8 to 84 years. Recent improvements include a parking lot resurfacing exceeding $300,000. The property is zoned P-D and is situated in a thriving, affluent community with limited available space and high demand, creating a highly competitive investment environment. The property offers a long-term investment opportunity with potential for value-add strategies, such as converting leases to NNN structures and leveraging rent escalations. This presents a compelling opportunity for investors seeking strong cash flow and future appreciation in a desirable Colorado location. The asking price is $16,500,000.

30403 Kings Valley Dr, Conifer, Colorado

Location Insight

City
Conifer
County
Jefferson
State
Colorado
Latitude
39.4922
Longitude
-105.348
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
$178,201
$417,614
$1,446,469
$1,864,083
-
$1,496,825
$5,214,475
$6,711,300

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