Warehouse Building with Loading
For Sale
$9,000,000
5717 Arapahoe Ave, Boulder, CO 80303
Commercial Sale, Boulder, CO
Property Size49,000 SF
Lot Size2.83 Acres
Price / SF$183.67
Days on Market386
Property Features for 5717 Arapahoe Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Subdivision
Burning Tree
Standard status
Active
APN
R0035692
Lot size
2.83 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1974
Building materials
Twin Tee
Roof type
Rubber
Listing Agency:
Regel & Associates, LLC
(303) 702-0605
Listed By:
Edward Regel
(303) 746-7375
Added: Aug 18, 2025
Changed: Aug 19
Last Checked: Sep 7 at 5:06PM
MLS# 1041704
Copyright © 2026 IRES MLS. 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 warehouse property contains approximately 49,000 square feet within a Twin Tee structure completed in 1974. Approximately 37,000 square feet is configured for warehouse use, with a 22-foot clear height and eight overhead doors, including six dock-high and two drive-in doors. The building also offers central air, forced-air heating, and three-phase power. A rubber roof and natural gas availability are among the property’s additional building and utility features.
The 2.83-acre site is located at 5717 Arapahoe Ave in Boulder, Colorado, within IG zoning. Public sewer serves the property, and on-site parking is provided. The building is occupied by long-term tenants and sits just north of Flatirons Country Club in East Boulder.
The 2.83-acre site is located at 5717 Arapahoe Ave in Boulder, Colorado, within IG zoning. Public sewer serves the property, and on-site parking is provided. The building is occupied by long-term tenants and sits just north of Flatirons Country Club in East Boulder.
Key Highlights
- Approximately 49,000sq./ft. building on 2.83 acres
- Approximately 37,000sq./ft. of warehouse area
- 22' warehouse clear height
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
$530,513
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
5.89%
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%
$10,610,260
$10.6M
Cap Rate 7%
$7,578,757
$7.6M
Cap Rate 9%
$5,894,589
$5.9M
Market Conditions
NOI Build-Up for 49,000 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
$676.2K $13.80/SF
− Vacancy
−$52.1K −$1.06/SF
EGI
$624.1K $12.74/SF
− OpEx
−$93.6K −$1.91/SF
NOI
$530.5K $10.83/SF
Area
Boulder, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
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%
$10,610,260
Cap Rate 7%
$7,578,757
Cap Rate 9%
$5,894,589
Alternative Uses
Best Use
Warehouse
$7.58M
$6.63M – $8.84M
NOI $530,513 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.56M
$14.49M – $19.32M
NOI $1,159,066 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
6
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Life Storage — 6338 Arapahoe Rd, Boulder, CO 80303
- Arapahoe Storage Units — 5735 Arapahoe Ave, Boulder, CO 80303
- Extra Space Storage — 5815 Arapahoe Ave, Boulder, CO 80303
- Arapahoe Self Storage LLC — 6389 Arapahoe Rd, Boulder, CO 80303
- AAA Store-N-Lock — 6389 Arapahoe Rd, Boulder, CO 80303
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse property with substantial storage area, multiple overhead doors, and three-phase electrical power.
Where is this warehouse located?
The property is located at 5717 Arapahoe Ave Boulder, CO.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Approximately 49,000sq./ft. building on 2.83 acres; Approximately 37,000sq./ft. of warehouse area; 22' warehouse clear height
