Adaptable Industrial Facility in
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11120 Broomfield Ln, Broomfield, CO 80021
Functional industrial facility with exceptional flexibility in Broomfield's Dry Creek Business Park.
Property Size18,284 SF
Price / SF$220.41
Days on Market250
Property Features for 11120 Broomfield Ln
General Information
Standard status
Active
Size
18,284 SF
Class
A
Property subtype
Industrial
Zoning
PUD - Broomfield
Building Details
Year Built
2023
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Eric Kimose · License #ER100075574
Source:
Crexi
Added: Dec 5, 2025
Changed: Aug 8
Last Checked: Aug 12 at 6:53AM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
The property at 11120 Broomfield Lane is situated in Broomfield’s Dry Creek Business Park. It is a functional industrial facility offering flexibility. The property, totaling 18284 square feet, is zoned to accommodate light manufacturing, assembly, warehousing, research and development, and professional office uses. The building can be divided into up to four units, providing adaptability for multi-tenant occupancy. Located along the Denver–Boulder corridor, the property is suitable for businesses looking to establish or expand their operations. There is also the option to acquire additional buildings or lease space within the Dry Creek Business Park.
Key Highlights
- Prime location along the Denver–Boulder corridor.
- Highly functional industrial facility with exceptional flexibility.
- Zoning allows for a wide range of uses (light manufacturing, assembly, warehousing, research and development, professional 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
$153,511
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
3.81%
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%
$3,070,220
$3.1M
Cap Rate 7%
$2,193,014
$2.2M
Cap Rate 9%
$1,705,678
$1.7M
Market Conditions
NOI Build-Up for 18,284 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
$252.3K $13.80/SF
− Vacancy
−$16.1K −$0.88/SF
EGI
$236.2K $12.92/SF
− OpEx
−$82.7K −$4.52/SF
NOI
$153.5K $8.40/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$3,070,220
Cap Rate 7%
$2,193,014
Cap Rate 9%
$1,705,678
Alternative Uses
Best Use
Flex RnD
$2.19M
$1.92M – $2.56M
NOI $153,511 @ 7.0% cap · market cap 3.81%
Second Best
Industrial
$2.02M
$1.77M – $2.36M
NOI $141,689 @ 7.0% cap · market cap 3.52%
Theoretical Best
Multifamily LT 5
$40.69M
$35.60M – $47.47M
NOI $2,848,196 @ 7.0% cap · market cap 70.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial facility with exceptional flexibility in Broomfield's Dry Creek Business Park.
Where is this flex space located?
The property is located at 11120 Broomfield Ln Broomfield, CO.
What is the asking price?
The asking price for this property is $4,030,000.
What are key features of this property?
This property features: Prime location along the Denver–Boulder corridor.; Highly functional industrial facility with exceptional flexibility.; Zoning allows for a wide range of uses (light manufacturing, assembly, warehousing, research and development, professional office).
