Versatile Flex Space at Depot
1001 Depot Hill Rd, Broomfield, CO 80020
Adaptable commercial space suitable for diverse business and personal uses.
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 9:59 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, retail, and storage.
- Customizable permanent location with a fixed address.
- Space can grow or contract to meet changing business needs.
- Suitable for hobbyists, retail stores, and traditional businesses.
- Addresses the increasing popularity of flexible commercial space.
- Facilitates collaboration areas and remote work.
Overview
This versatile flex space is designed to perform multiple functions, offering adaptability for various needs. The unit can be modified to accommodate different uses, allowing it to expand or contract based on business or personal requirements. The property's versatility makes it suitable for yoga studios needing open space, incubators seeking operational and storage areas, and hobbyists looking for space to store collectibles. Retail stores can benefit from easy access to inventory and equipment. Traditional businesses may find it useful for collaboration areas and remote work. My Flex Space at Depot Hill offers the opportunity to customize a permanent location with a fixed address. The property contains 970 square feet.
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
Similar Places Nearby
- The Gourmet Kitchen Catering — 1200 Miramonte St, Broomfield, CO 80020
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?
Flex space - Adaptable commercial space suitable for diverse business and personal uses.
Where is this flex space 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, retail, and storage.; Customizable permanent location with a fixed address.; Space can grow or contract to meet changing business needs.
