New Flex/Retail/Office Condo
For Sale
$679,000
11411 Business Park #700, Firestone, CO 80504
Shell condition units with mezzanine, patio, mountain views, ample parking.
Property Size1,494 SF
Lot Size0.03 Acres
Price / SF$454.48
Days on Market364
Property Features for 11411 Business Park #700
General Information
Standard status
Active
Size
1,494 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,353
Amenities
Composition Roof
Building Details
Year Built
2022
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
TODD WALSH · License #40036156
Source:
Corcoran
Added: Aug 11, 2025
Changed: Aug 8
Last Checked: Apr 5 at 11:58PM
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 Market Real Estate
Investment Insights
Based on property information with market context.
These brand new flex, retail, and office condominium units each feature a 535-square-foot mezzanine and 1,494 square feet of main floor space. The property is delivered in shell condition, ready for customization to fit the buyer's needs. It includes a private patio, mountain views, and ample parking. The location offers front building signage and high visibility on a busy highway with over 160,000 cars passing by daily.
Key Highlights
- High‑traffic location on HWY I‑25 with over 160,000 cars passing daily
- Customizable shell condition allowing buyers to design their own floorplan
- Includes a 535 SF mezzanine in addition to 1,494 SF of main floor space
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
$19,060
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
2.81%
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%
$381,200
$381.2K
Cap Rate 7%
$272,286
$272.3K
Cap Rate 9%
$211,778
$211.8K
Market Conditions
NOI Build-Up for 1,494 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
$26.9K $18.00/SF
− Vacancy
−$1.5K −$0.99/SF
EGI
$25.4K $17.01/SF
− OpEx
−$6.4K −$4.25/SF
NOI
$19.1K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /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%
$381,200
Cap Rate 7%
$272,286
Cap Rate 9%
$211,778
Alternative Uses
Best Use
Office B
$272.3K
$238.3K – $317.7K
NOI $19,060 @ 7.0% cap · market cap 2.81%
Second Best
Retail
$241.2K
$211.1K – $281.4K
NOI $16,885 @ 7.0% cap · market cap 2.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
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?
Mixed-use property - Shell condition units with mezzanine, patio, mountain views, ample parking.
Where is this mixed-use property located?
The property is located at 11411 Business Park #700 Firestone, CO.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: High‑traffic location on HWY I‑25 with over 160,000 cars passing daily; Customizable shell condition allowing buyers to design their own floorplan; Includes a **535 SF mezzanine** in addition to 1,494 SF of main floor space
