Four-Building Flex Space
For Sale
Contact for pricing
11072 W 44th Ave, Wheat Ridge, CO 80033
Four buildings combine office, warehouse, and light industrial space within Wheat Ridge’s C-1 Commercial District.
Property Size6,506 SF
Lot Size1.20 Acres
Price / SF$290.50
Days on Market17
Property Features for 11072 W 44th Ave
General Information
Standard status
Active
Size
6,506 SF
Lot size
1.20 Acres
Property subtype
INDUSTRIAL
Zoning
C-1 Commercial District
Additional Details
Office Build-Out
6,506 SF
Building Details
Buildings
4
Listing Agency:
Northpeak Commercial Advisors
(303) 917-5232
Listed By:
Kevin Calame · License #FA100099403
(303) 263-6260
Source:
Moodyscre
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 2:21PM
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 Northpeak Commercial Advisors
Investment Insights
Based on property information with market context.
This four-building flex property provides 12,818 SF across a 1.2-acre site. The improvements include a 6,506 SF office building alongside three warehouse structures measuring 2,524 SF, 2,362 SF, and 1,440 SF. Together, the buildings offer a mix of office, warehouse, and light industrial areas within one commercial complex.
The property is located in Wheat Ridge’s C-1 Commercial District, where the stated zoning supports office, general business, retail sales, and service establishments. Its combination of dedicated office space and multiple warehouse buildings accommodates a range of commercial configurations, including owner-user and multi-tenant arrangements.
The property is located in Wheat Ridge’s C-1 Commercial District, where the stated zoning supports office, general business, retail sales, and service establishments. Its combination of dedicated office space and multiple warehouse buildings accommodates a range of commercial configurations, including owner-user and multi-tenant arrangements.
Key Highlights
- 12,818 SF four‑building flex complex on a 1.2‑acre lot
- 6,506 SF office building included
- Three warehouse buildings measuring 2,524 SF, 2,362 SF, and 1,440 SF
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
$87,675
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
4.64%
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%
$1,753,500
$1.8M
Cap Rate 7%
$1,252,500
$1.3M
Cap Rate 9%
$974,167
$974.2K
Market Conditions
NOI Build-Up for 6,506 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
$131.9K $20.28/SF
− Vacancy
−$15.0K −$2.31/SF
EGI
$116.9K $17.97/SF
− OpEx
−$29.2K −$4.49/SF
NOI
$87.7K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$1,753,500
Cap Rate 7%
$1,252,500
Cap Rate 9%
$974,167
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,675 @ 7.0% cap · market cap 4.64%
Second Best
Flex RnD
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 2.89%
Theoretical Best
Multifamily LT 5
$14.48M
$12.67M – $16.89M
NOI $1,013,474 @ 7.0% cap · market cap 53.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Four buildings combine office, warehouse, and light industrial space within Wheat Ridge’s C-1 Commercial District.
Where is this flex space located?
The property is located at 11072 W 44th Ave Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 12,818 SF four‑building flex complex on a 1.2‑acre lot; 6,506 SF office building included; Three warehouse buildings measuring 2,524 SF, 2,362 SF, and 1,440 SF
