Flex/Retail/Office Condo
For Sale
$899,000
11411 Business Park #900, Firestone, CO 80504
New flex/retail/office condo unit with mezzanine and signage.
Property Size2,029 SF
Lot Size0.03 Acres
Price / SF$443.08
Days on Market481
Property Features for 11411 Business Park #900
General Information
Standard status
Active
Size
2,029 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,353
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Building Details
Year Built
2022
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
TODD WALSH · License #40036156
Source:
Corcoran
Added: Apr 16, 2025
Changed: Aug 8
Last Checked: Apr 5 at 9:05PM
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.
This is a brand new flex, retail, and office condominium unit. Each unit features a 535 square foot mezzanine and 1,494 square feet of main floor space. The property benefits from its location off a busy highway with front building signage, exposed to traffic of over 160,000 cars per day. Unit 900 is delivered turnkey and includes a reception area, two private offices, a glass conference room, a kitchen, and a patio. Additional information is available in the brochure.
Key Highlights
- Turnkey unit with reception, two private offices, glass conference room, kitchen, and patio.
- High‑traffic location off HWY I‑25 with over 160K cars passing by daily.
- Front building signage available.
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
$25,885
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
2.88%
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%
$517,700
$517.7K
Cap Rate 7%
$369,786
$369.8K
Cap Rate 9%
$287,611
$287.6K
Market Conditions
NOI Build-Up for 2,029 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
$36.5K $18.00/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$34.5K $17.01/SF
− OpEx
−$8.6K −$4.25/SF
NOI
$25.9K $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%
$517,700
Cap Rate 7%
$369,786
Cap Rate 9%
$287,611
Alternative Uses
Best Use
Office B
$369.8K
$323.6K – $431.4K
NOI $25,885 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$327.6K
$286.7K – $382.2K
NOI $22,932 @ 7.0% cap · market cap 2.55%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - New flex/retail/office condo unit with mezzanine and signage.
Where is this mixed-use property located?
The property is located at 11411 Business Park #900 Firestone, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Turnkey unit with reception, two private offices, glass conference room, kitchen, and patio.; High‑traffic location off HWY I‑25 with over 160K cars passing by daily.; Front building signage available.
