Industrial Flex
For Sale
$8,000,000
1545 W Jefferson Avenue, Hayden, CO 81639
COMMERCIAL - Hayden, CO
Property Size29,000 SF
Lot Size10.89 Acres
Price / SF$275.86
Days on Market252
Property Features for 1545 W Jefferson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
HAYDEN
Standard status
Active
APN
R8173290
Lot size
10.89 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
74704
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2008
Roof type
Metal
Listing Agency:
Slifer Smith & Frampton/Steamboat Springs
(970) 870-8885
Listed By:
Alex Long
(970) 291-8559
Added: Nov 28, 2025
Changed: Aug 4
Last Checked: Aug 7 at 10:06AM
MLS# S1064413
Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 29,000 SF flex facility, built in 2008, is configured for light industrial operations with separate production, administrative, and storage areas. The 12,000 SF shop contains a welding room, wash bay, three mechanical bays, parts room, and kitchen. A 5,000 SF office component provides seven private offices, a conference room, kitchen, and open mezzanine. Two additional 3,000 SF outbuildings expand the property’s shop and storage capacity.
The 10.89-acre property is located at 1545 W Jefferson Avenue in Hayden, Colorado, directly off Highway 40. It carries I-1 Light Industrial zoning and is annexed into the Town of Hayden. Utilities include natural gas, water, sewer, and high-speed internet. Building features include forced-air heating, central air, and a metal roof.
The 10.89-acre property is located at 1545 W Jefferson Avenue in Hayden, Colorado, directly off Highway 40. It carries I-1 Light Industrial zoning and is annexed into the Town of Hayden. Utilities include natural gas, water, sewer, and high-speed internet. Building features include forced-air heating, central air, and a metal roof.
Key Highlights
- 29,000 SF flex facility on 10.89 acres
- 12,000 SF shop with welding room, wash bay, three mechanical bays, parts room, and kitchen
- 5,000 SF office with seven private offices, conference room, kitchen, and open mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$485,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,709,200
$9.7M
Cap Rate 7%
$6,935,143
$6.9M
Cap Rate 9%
$5,394,000
$5.4M
Market Conditions
NOI Build-Up for 29,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$696.0K $24.00/SF
− Vacancy
−$48.7K −$1.68/SF
EGI
$647.3K $22.32/SF
− OpEx
−$161.8K −$5.58/SF
NOI
$485.5K $16.74/SF
Area
Routt County, CO
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,709,200
Cap Rate 7%
$6,935,143
Cap Rate 9%
$5,394,000
Alternative Uses
Best Use
Warehouse
$11.60M
$10.15M – $13.53M
NOI $811,912 @ 7.0% cap · market cap 10.15%
Second Best
Office B
$6.94M
$6.07M – $8.09M
NOI $485,460 @ 7.0% cap · market cap 6.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81639, CO
2,498
Population
1,256
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
96%
High-School Grad
464.4 sq mi
ZIP Area
5
Density / Sq Mi
$106,429
Median Household Income
$53,421
Median Earnings
$1,680
Median Rent
$415,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial property combines shop, office, and outbuilding space with full utilities.
Where is this flex space located?
The property is located at 1545 W Jefferson Avenue Hayden, CO.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 29,000 SF flex facility on 10.89 acres; 12,000 SF shop with welding room, wash bay, three mechanical bays, parts room, and kitchen; 5,000 SF office with seven private offices, conference room, kitchen, and open mezzanine
