Leased Industrial
New
For Sale
$375,000
1-266 Basher Dr, Berthoud, CO 80513
The existing gross lease expires November 30, 2028, and includes no renewal option.
Property Size1,953 SF
Price / SF$192.01
Days on Market2
Property Features for 1-266 Basher Dr
General Information
Standard status
Active
Size
1,953 SF
Additional Details
Gross Income
$40,800
Taxes and HOA fees
Annual Taxes
$12,734
Listing Agency:
Group Harmony
(970) 229-0700
Listed By:
Rhett Strom · License #IREP22798
(970) 692-4454
Source:
Exprealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Group Harmony
Investment Insights
Based on property information with market context.
This 1,953-square-foot industrial condominium is offered with a tenant in place under a gross lease. The lease ends November 30, 2028, and has no renewal option.
Key Highlights
- 1,953‑square‑foot industrial condominium
- Gross lease in place through 11/30/28
- No renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,318
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,360
$346.4K
Cap Rate 7%
$247,400
$247.4K
Cap Rate 9%
$192,422
$192.4K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$27.1K $13.86/SF
− Vacancy
−$2.3K −$1.19/SF
EGI
$24.7K $12.67/SF
− OpEx
−$7.4K −$3.80/SF
NOI
$17.3K $8.87/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,360
Cap Rate 7%
$247,400
Cap Rate 9%
$192,422
Alternative Uses
Best Use
Industrial
$247.4K
$216.5K – $288.6K
NOI $17,318 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.2K
$458.7K – $611.6K
NOI $36,695 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - The existing gross lease expires November 30, 2028, and includes no renewal option.
Where is this industrial property located?
The property is located at 1-266 Basher Dr Berthoud, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,953‑square‑foot industrial condominium; Gross lease in place through 11/30/28; No renewal option
