Commercial Building with Office/Warehouse
1215 E Burlington Ave Fort Morgan, CO 80701
For Sale
$575,000
Well-maintained commercial building with office and warehouse space for sale.
Property Size3,080 SF
Lot Size0.69 Acres
Price / SF$186.69
Days on Market140
Property Features for 1215 E Burlington Ave
General Information
Standard status
Active
Size
3,080 SF
Lot size
0.69 Acres
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
(970) 867-6625
Listed By:
Michael Zwetzig
(970) 867-6625
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 26 at 11:25AM
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 Michael Zwetzig
Investment Insights
Based on property information with market context.
This well-maintained commercial building features a 3,000 sqft office area and a 3,080 sqft warehouse. The property offers ample parking for customers and employees. The location, combined with the large office and warehouse space, makes this property suitable for various business opportunities, presenting an exceptional investment opportunity. Please note that the property is subject to a deed restriction that does not allow a veterinary clinic or similar business to occupy the building.
Key Highlights
- Large 3,000 sqft office area and 3,080 sqft warehouse space.
- Ideal location suitable for various business opportunities.
- Exceptional investment opportunity.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.5k | $12.84 |
| − Vacancy | −$2.7k | −$0.87 |
| EGI | $36.9k | $11.97 |
| − OpEx | −$5.5k | −$1.80 |
| NOI | $31.3k | $10.17 |
3,080 SF · lease $12.84/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$447.9K
$391.9K – $522.5K
NOI $31,351 @ 7.0% cap · market cap 5.45%
Second Best
Warehouse
$447.6K
$391.6K – $522.2K
NOI $31,329 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$901.8K
$789.1K – $1.05M
NOI $63,128 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained commercial building with office and warehouse space for sale.
Where is this flex space located?
The property is located at 1215 E Burlington Ave Fort Morgan, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Large 3,000 sqft office area and 3,080 sqft warehouse space.; Ideal location suitable for various business opportunities.; Exceptional investment opportunity.
