Leased Industrial Property For
For Sale
Contact for pricing
1680-1690 Range St, Boulder, CO
Fully leased industrial property with stable, worry-free returns.
Property Size13,458 SF
Lot Size1.55 Acres
Price / SF$225.14
Days on Market874
Property Features for 1680-1690 Range St
General Information
Standard status
Active
Size
13,458 SF
Lot size
1.55 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
B. Scot Smith · License #EA.000204641
(720) 351-8243
Source:
Moodyscre
Added: May 2, 2024
Changed: Sep 4
Last Checked: Sep 21 at 10:37AM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
An investment opportunity is available with a fully leased property for sale. The property is anchored by a triple net (NNN) lease to Ball Aerospace & Technologies Corp., which has transitioned to BAE Systems, Inc. The lease provides stable returns through December 31st, 2026, with an option to renew. The property is suitable for investors seeking a solid addition to their portfolio or those looking to capitalize on a 1031 tax-deferred exchange. The tenant is a globally recognized company. The property contains 13458 square feet.
Key Highlights
- Anchored by BAE Systems, Inc. with NNN lease guaranteeing stable returns through 2026, with renewal option.
- Fully leased property, ensuring immediate and consistent rental income.
- Opportunity for a secure investment in a thriving industry.
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
$119,994
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
3.96%
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%
$2,399,880
$2.4M
Cap Rate 7%
$1,714,200
$1.7M
Cap Rate 9%
$1,333,267
$1.3M
Market Conditions
NOI Build-Up for 13,458 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
$185.7K $13.80/SF
− Vacancy
−$14.3K −$1.06/SF
EGI
$171.4K $12.74/SF
− OpEx
−$51.4K −$3.82/SF
NOI
$120.0K $8.92/SF
Area
Boulder, CO
Vacancy
7.70%
Lease Rate
$13.80 /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%
$2,399,880
Cap Rate 7%
$1,714,200
Cap Rate 9%
$1,333,267
Alternative Uses
Best Use
Industrial
$1.71M
$1.50M – $2.00M
NOI $119,994 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,341 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Fully leased industrial property with stable, worry-free returns.
Where is this manufacturing property located?
The property is located at 1680-1690 Range St Boulder, CO.
What is the asking price?
The asking price for this property is $3,030,000.
What are key features of this property?
This property features: Anchored by BAE Systems, Inc. with NNN lease guaranteeing stable returns through 2026, with renewal option.; Fully leased property, ensuring immediate and consistent rental income.; Opportunity for a secure investment in a thriving industry.
