Versatile Flex Space at Depot
1001 Depot Hill Rd, Broomfield, CO 80020
Adaptable commercial space suitable for various business and personal uses.
Type:Retail, Office, Industrial, Mixed Use
Property size:
970 SFPrice / SF:
$309/SF- Added:
- Feb 26, 2024
- Days on Market:
- 826
- Last Refresh:
- May 12 at 11:54 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.
- Customizable permanent location with a desirable fixed address.
- Flexible space can grow and contract with business needs.
- Suitable for businesses downsizing traditional office space.
- Accommodates operational and storage square footage.
- Easy access to inventory and equipment for retail stores.
Overview
This 970 square foot flex space is designed to perform multiple functions. Its versatility accommodates various uses, from yoga studios requiring open space to incubators seeking operational and storage square footage. The property can be customized to suit individual needs, providing a fixed address. Flexible commercial space can be utilized for collectibles, retail stores needing easy access to inventory and equipment, and traditional businesses downsizing office space in favor of collaboration areas and remote work. With little modification, the unit can grow and contract with the flow of life and business.
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 various business and personal uses.
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.; Customizable permanent location with a desirable fixed address.; Flexible space can grow and contract with business needs.
