Industrial Flex Condominium with
For Sale
Contact for pricing
11111 W 8th Ave, Lakewood, CO 80215
Combines warehouse, office, and mezzanine areas within a functional industrial layout.
Property Size7,287 SF
Price / SF$253.88
Days on Market8
Property Features for 11111 W 8th Ave
General Information
Standard status
Active
Size
7,287 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Listing Agency:
Peak CRE
(303) 641-4080
Listed By:
Tim P. Rogers
(303) 641-4080
Source:
Moodyscre
Added: Aug 24
Changed: Aug 30
Last Checked: Aug 31 at 2:31AM
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 Peak CRE
Investment Insights
Based on property information with market context.
Unit E is a 7,287-square-foot industrial flex condominium in Lakewood, Colorado, combining warehouse, office, and mezzanine areas within one commercial space. The configuration provides a practical mix of work, storage, and administrative areas for an owner-user or other industrial occupant.
Loading capability includes two docks designed for 53-foot trailers and a 14-foot-high drive-in door. The property is located at 11111 W. 8th Avenue in the West Denver area, offering a defined industrial setting for businesses requiring both warehouse and office components.
Loading capability includes two docks designed for 53-foot trailers and a 14-foot-high drive-in door. The property is located at 11111 W. 8th Avenue in the West Denver area, offering a defined industrial setting for businesses requiring both warehouse and office components.
Key Highlights
- 7,287 SF industrial flex condominium in Lakewood, Colorado
- Warehouse, office, and mezzanine space in Unit E
- Two loading docks suitable for 53' trailers
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
$109,655
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
5.93%
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%
$2,193,100
$2.2M
Cap Rate 7%
$1,566,500
$1.6M
Cap Rate 9%
$1,218,389
$1.2M
Market Conditions
NOI Build-Up for 7,287 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
$192.4K $26.40/SF
− Vacancy
−$46.2K −$6.34/SF
EGI
$146.2K $20.06/SF
− OpEx
−$36.6K −$5.02/SF
NOI
$109.7K $15.05/SF
Area
Lakewood, CO
Vacancy
24.00%
Lease Rate
$26.40 /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%
$2,193,100
Cap Rate 7%
$1,566,500
Cap Rate 9%
$1,218,389
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,655 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$1.00M
$875.4K – $1.17M
NOI $70,030 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,782 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combines warehouse, office, and mezzanine areas within a functional industrial layout.
Where is this flex space located?
The property is located at 11111 W 8th Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 7,287 SF industrial flex condominium in Lakewood, Colorado; Warehouse, office, and mezzanine space in Unit E; Two loading docks suitable for 53' trailers
