Flex Condo with Mezzanine
For Sale
Contact for pricing
11616-12252 Shaffer Pl, Littleton, CO 80127
Warehouse and showroom configuration with vaulted interior volume and direct loading access.
Property Size2,010 SF
Price / SF$323.38
Days on Market8
Property Features for 11616-12252 Shaffer Pl
General Information
Standard status
Active
Size
2,010 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Fuller Real Estate
(303) 888-7909
Listed By:
John Becker · License #EA1287845
(303) 888-7909
Source:
Moodyscre
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 24 at 11:41AM
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 Fuller Real Estate
Investment Insights
Based on property information with market context.
This 2,010-square-foot flex condominium combines warehouse and showroom functionality in a commercial business park setting. The interior includes a vaulted ceiling, a mezzanine-level office, and a front double door that supports convenient movement of warehouse materials.
The property is positioned near W. Chatfield Ave. in the Ken Caryl Business Park and offers access to C-470 via W. Ken Caryl Ave. Nearby retail, restaurant, and hotel amenities include Safeway, McDonald’s, Jimmy John’s, Sonic Drive-In, Hampton Inn, and Homewood Suites by Hilton.
The property is positioned near W. Chatfield Ave. in the Ken Caryl Business Park and offers access to C-470 via W. Ken Caryl Ave. Nearby retail, restaurant, and hotel amenities include Safeway, McDonald’s, Jimmy John’s, Sonic Drive-In, Hampton Inn, and Homewood Suites by Hilton.
Key Highlights
- 2,010 SF flex condominium in Ken Caryl Business Park
- Warehouse/showroom layout with vaulted ceiling
- Mezzanine‑level office area
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
$28,684
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
4.41%
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%
$573,680
$573.7K
Cap Rate 7%
$409,771
$409.8K
Cap Rate 9%
$318,711
$318.7K
Market Conditions
NOI Build-Up for 2,010 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
$41.7K $20.76/SF
− Vacancy
−$751 −$0.37/SF
EGI
$41.0K $20.39/SF
− OpEx
−$12.3K −$6.12/SF
NOI
$28.7K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
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%
$573,680
Cap Rate 7%
$409,771
Cap Rate 9%
$318,711
Alternative Uses
Best Use
Industrial
$409.8K
$358.6K – $478.1K
NOI $28,684 @ 7.0% cap · market cap 4.41%
Second Best
Flex RnD
$374.7K
$327.9K – $437.1K
NOI $26,228 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$690.4K
$604.1K – $805.5K
NOI $48,328 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
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 - Warehouse and showroom configuration with vaulted interior volume and direct loading access.
Where is this flex space located?
The property is located at 11616-12252 Shaffer Pl Littleton, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,010 SF flex condominium in Ken Caryl Business Park; Warehouse/showroom layout with vaulted ceiling; Mezzanine‑level office area
