Listing Agency: The Colorado Group, Inc. Show Phone

Listed By: W. Scott Reichenberg · License #CO EA.040003804 Show Phone

Source: Moodyscre

Added: Jul 13 Changed: Oct 26 Last Checked: Oct 30 at 4:13PM

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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 The Colorado Group, Inc.

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Investment Insights

Based on property information with market context.

This offering includes two east units totaling 2,400 square feet, presenting a contiguous flex space configuration. The layout is ready for an owner-user to adapt based on the intended use.

While the property is marketed for owner-user flexibility, the current description specifically contemplates use cases such as retail, showroom, or general flex use. The listing is positioned for buyers looking for a space that can be arranged to fit their operating needs.

As presented, the primary advantage is the ability to work with a contiguous floorplan across the east units, rather than separate disconnected areas, within a single flex property offering for sale.

Key Highlights

• Two east units totaling 2,400 SF
• Contiguous flex layout designed to be configured for retail, showroom, or flex use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,589

Cap Rate

3.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,780 $491.8K

Cap Rate 7%

$351,271 $351.3K

Cap Rate 9%

$273,211 $273.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$40.9K $17.04/SF

− Vacancy

−$3.1K −$1.28/SF

EGI

$37.8K $15.76/SF

− OpEx

−$13.2K −$5.52/SF

NOI

$24.6K $10.25/SF

Area

Westminster, CO

Vacancy

7.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,780

Cap Rate 7%

$351,271

Cap Rate 9%

$273,211

Alternative Uses

Best Use

Flex RnD

$351.3K

$307.4K – $409.8K (±1% cap)

NOI $24,589 @ 7.0% cap · market cap 3.01%

Second Best

Industrial

$228.3K

$199.8K – $266.3K (±1% cap)

NOI $15,980 @ 7.0% cap · market cap 1.96%

Theoretical Best

Office A

$701.5K

$613.8K – $818.4K (±1% cap)

NOI $49,104 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

House Trucking Insurance ... Insurance Agency Shepherd Sales, Inc. Industrial Manufacturer Best for Hyland Hills Advocacy Group Afford A Rooter Plumbing Plumbing Service Affordable Septic Pumping Plumbing Service

Suggested Use

Top Pick Restaurant Auto Repair Shop Dental Office Big Box & Wholesale Store Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 80021, CO

36,176

Population

17,353

Households

2.1

Avg Household Size

36

Median Age

53%

College-Educated

98%

High-School Grad

16.5 sq mi

ZIP Area

2,192

Density / Sq Mi

$105,645

Median Household Income

$59,947

Median Earnings

$2,054

Median Rent

$530,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two east units totaling 2,400 SF offer a contiguous flex layout ready to configure for retail, showroom, or flex use.

Where is this flex space located?

The property is located at 10860 Dover St Westminster, CO.

What is the asking price?

The asking price for this property is $816,000.

What are key features of this property?

This property features: Two east units totaling 2,400 SF; Contiguous flex layout designed to be configured for retail, showroom, or flex use