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    11411 Business Park Cir, Unit 700 Firestone, CO 80504

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    For Sale
    $679,000

    New condo units with mezzanine, customizable floorplan, patio, mountain views.

    Lot size:
    0.03 Acres

    Property Features for 11411 Business Park Cir

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.03 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Heidi Schamber
    Heidi Schamber
    Source: Elliman

    Listing Agency: Market Real Estate Listing Agent: Heidi Schamber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Flex/Retail/Office Condo Units

    These brand new flex, retail, and office condo units each feature a 535 square foot mezzanine and 1,494 square feet of main floor space. The property is located off of a busy highway with high traffic volume, exceeding 160,000 cars per day. Front building signage is available. The units are delivered in shell condition, allowing buyers to customize the floor plan to suit their specific needs. Each unit includes a private patio, mountain views, and ample parking.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Firestone
    County
    Weld
    State
    Colorado
    Longitude
    -104.9784438
    Latitude
    40.1671265

    Nearby Similar for Sale

    • $679,000

      New Flex/Retail/Office Condo Units

      Shell condition units with mezzanine, patio, mountain views, ample parking.
      11411 Business Park Cir, Firestone, CO 80504
      View Details
    • Contact for pricing
      2,029 SF

      Firestone Flex Space For Sale

      Flex space available for sale in Firestone, Colorado.
      11411 Business Park Cir, Firestone, CO 80504
      View Details
    • $899,000

      Flex/Retail/Office Condo Unit

      New flex/retail/office condo unit with mezzanine and signage.
      11411 Business Park Cir, Firestone, CO 80504
      View Details

    FAQs

    What type of property is this?
    Flex space - New condo units with mezzanine, customizable floorplan, patio, mountain views.
    Where is this flex space located?
    The property is located at 11411 Business Park Cir, Unit 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 off I-25 with over 160,000 cars passing daily.; - Customizable shell condition allowing buyers to design their own floorplan.; - Enjoy a **535 SF mezzanine** in addition to **1,494 SF of main floor space**.
    (303) 579-2407
    Request Owner's contact information
    11411 Business Park Cir, Unit 700 Firestone, CO 80504
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    Firestone, CO 80504
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11411 Business Park Cir, Unit 700 Firestone, CO 80504
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    We can help!
    Listing Contact
    Heidi Schamber
    Heidi Schamber
    Real Estate License ID: CO FA.100035303
    (303) 579-2407 (303) 444-5040 (303) 444-4344
    Learn more
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