Light Industrial Commercial
For Sale
$960,000
103 Main, La Salle, CO 80645
5203 Sq. Ft. light industrial building for sale.
Property Size5,203 SF
Lot Size0.22 Acres
Price / SF$184.51
Days on Market288
Property Features for 103 Main
General Information
Standard status
Active
Size
5,203 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,922
Amenities
Central air
Corner Lot
Metal Roof
Central Air Cooling
Forced Air Heating
Level Drive
Sidewalks
Building Details
Year Built
2019
Listing Agency:
Sellstate Altitude Realty
(720) 830-5158
Listed By:
SAMUEL LOPEZ JR
Source:
Corcoran
Added: Nov 16, 2025
Changed: Aug 8
Last Checked: Aug 30 at 6:22PM
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 Sellstate Altitude Realty
Investment Insights
Based on property information with market context.
This is a light industrial commercial property featuring a 5203 sq. ft. building. The front office space measures 978 sq. ft. and includes two bathrooms. The back area of the building provides 4,225 sq. ft. of space and contains one bathroom and three overhead doors. Additionally, there is a two-car garage located in the back lot. The property is ready for immediate occupancy.
Key Highlights
- 5203 Sq. Ft. Building suitable for light industrial commercial use
- Ready to occupy
- Includes a 978 Sq. Ft. Front Office
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
$46,391
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
4.83%
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%
$927,820
$927.8K
Cap Rate 7%
$662,729
$662.7K
Cap Rate 9%
$515,456
$515.5K
Market Conditions
NOI Build-Up for 5,203 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
$71.8K $13.80/SF
− Vacancy
−$5.5K −$1.06/SF
EGI
$66.3K $12.74/SF
− OpEx
−$19.9K −$3.82/SF
NOI
$46.4K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$927,820
Cap Rate 7%
$662,729
Cap Rate 9%
$515,456
Alternative Uses
Best Use
Industrial
$662.7K
$579.9K – $773.2K
NOI $46,391 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$948.2K
$829.7K – $1.11M
NOI $66,377 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 80645, CO
4,245
Population
1,774
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
92.7 sq mi
ZIP Area
46
Density / Sq Mi
$84,327
Median Household Income
$41,765
Median Earnings
$1,248
Median Rent
$404,300
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 - 5203 Sq. Ft. light industrial building for sale.
Where is this industrial property located?
The property is located at 103 Main La Salle, CO.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 5203 Sq. Ft. Building suitable for light industrial commercial use; Ready to occupy; Includes a 978 Sq. Ft. Front Office
