Versatile Flex Space For
1001 Depot Hill Rd, Broomfield, CO 80020
Adaptable commercial space suitable for diverse business needs.
Type:Retail, Office, Industrial, Mixed Use
Property size:
970 SFPrice / SF:
$309/SF- Added:
- Feb 26, 2024
- Days on Market:
- 827
- Last Refresh:
- May 12 at 11:01 pm
Property Features for 1001 Depot Hill Rd
General Information
- Standard status
- Active
- Size
- 970 SF
- Property subtype
- Retail, Office, Industrial, Mixed Use
Listing agent Patricia Wassik License #CO
Listing office Health Connect Properties
Listing date Feb 26, 2024
Source Crexi
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 Health Connect Properties
HighLights
- Versatile space adaptable for various uses like yoga studios, incubators, retail, and even storage.
- Customizable to suit specific needs and business growth.
- Desirable fixed address.
- Suitable for hobbyists, retail stores, and traditional businesses.
- Adaptable for collaboration areas and remote work setups.
- Addresses the increasing popularity of flexible commercial space.
Overview
This versatile flex space is designed to perform multiple functions, offering adaptability for various business needs. With minimal modification, the 970 square feet unit can expand or contract to suit the evolving demands of your business. The space's versatility accommodates a range of uses, from yoga studios requiring open areas to incubators needing operational and storage space. It can be customized into a permanent location with a fixed address. Flexible commercial space has gained popularity as people discover innovative ways to utilize these properties. Hobbyists find it suitable for storing collectibles, while retail stores benefit from easy access to inventory and equipment. Traditional businesses have downsized office space, favoring collaboration areas and remote work.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $24.12 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $22.1k | $22.82 |
| − OpEx | −$6.6k | −$6.85 |
| NOI | $15.5k | $15.97 |
970 SF · lease $24.12/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$221.3K
$193.7K – $258.2K
NOI $15,493 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 4.53%
Theoretical Best
Multifamily LT 5
$2.16M
$1.89M – $2.52M
NOI $151,102 @ 7.0% cap · market cap 50.37%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Broomfield
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.045
- Latitude
- 39.951
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Adaptable commercial space suitable for diverse business needs.
Where is this mixed-use property located?
The property is located at 1001 Depot Hill Rd Broomfield, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Versatile space adaptable for various uses like yoga studios, incubators, retail, and even storage.; Customizable to suit specific needs and business growth.; Desirable fixed address.
