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Frederick,CO 80530
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $281
MLS Listing ID 2480909
Style Traditional
HOA Y/N No
Year Built 1990
Annual Tax Amount $16,057
Tax Year 2024
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type Special Purpose
Source recolorado
Property Description
Exceptional investment opportunity in the heart of Downtown Frederick! This fully leased commercial property is currently operating as a daycare with a 3-year lease in place through March 2029. Annual rental income increases from $109,800 in Year 1 to $126,000 in Year 3. Estimated Year 1 NOI is $90,800, offering a solid 7.26% cap rate and projected 3-year average cap rate of 7.95%. The tenant pays all utilities and exterior maintenance, with the owner only covering taxes and building insurance (~$19,000/year). Over $300K in recent renovations, including a permitted addition, have been completed. While currently set up for childcare use, the layout also supports future office or professional service tenancy. Strong cash flow today with long-term rental upside and use flexibility tomorrow.
Location
State CO
County Weld
Zoning Commercial
Interior
Fireplace N
Exterior
Parking Features Concrete,Lighted,Storage
Utilities Available Cable Available,Electricity Connected,Internet Access (Wired),Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected
Roof Type Composition
Total Parking Spaces 37
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional