Freestanding Industrial Building in
For Sale
$899,000
104 9th, Longmont, CO 80501
4,218 SF industrial building on 0.25 acre lot.
Property Size4,218 SF
Lot Size0.25 Acres
Price / SF$213.13
Days on Market143
Property Features for 104 9th
General Information
Standard status
Active
Size
4,218 SF
Lot size
0.25 Acres
Property subtype
Industrial
Building Details
Year Built
1960
Listing Agency:
RE/MAX Elevate
(303) 772-2222
Listed By:
Keith Kanemoto · License #FA40009659
(303) 772-2222
Source:
Elliman
Added: Apr 10
Changed: Jul 10
Last Checked: Aug 29 at 5:48AM
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 RE/MAX Elevate
Investment Insights
Based on property information with market context.
This 4,218 square foot freestanding industrial building, constructed in 1960, is available for sale. Situated on a 0.25 acre lot in central Longmont, it offers a unique opportunity for various commercial uses. The building features a functional layout suitable for showroom, service area, storage, manufacturing, or workspace. Its standalone presence provides excellent visibility and accessibility. The property is zoned MU-E mixed-use per the City of Longmont, allowing flexibility for adaptive reuse or mixed-use redevelopment. The building is air conditioned, and the roof is new as of 2025. The location has a bike score of 74, making it very bikeable, a walk score of 57, indicating it is somewhat walkable, and a transit score of 34, suggesting some transit options are available.
Key Highlights
- 4,218 sq ft freestanding industrial building on 0.25 acre lot.
- MU‑E mixed‑use zoning allows for flexible adaptive reuse or mixed‑use redevelopment.
- Excellent visibility and accessibility due to standalone presence.
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
$37,608
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
4.18%
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%
$752,160
$752.2K
Cap Rate 7%
$537,257
$537.3K
Cap Rate 9%
$417,867
$417.9K
Market Conditions
NOI Build-Up for 4,218 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
$58.2K $13.80/SF
− Vacancy
−$4.5K −$1.06/SF
EGI
$53.7K $12.74/SF
− OpEx
−$16.1K −$3.82/SF
NOI
$37.6K $8.92/SF
Area
Weld County, 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%
$752,160
Cap Rate 7%
$537,257
Cap Rate 9%
$417,867
Alternative Uses
Best Use
Industrial
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$498.9K
$436.5K – $582.0K
NOI $34,922 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office B
$768.7K
$672.6K – $896.9K
NOI $53,811 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 4,218 SF industrial building on 0.25 acre lot.
Where is this flex space located?
The property is located at 104 9th Longmont, 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: 4,218 sq ft freestanding industrial building on 0.25 acre lot.; MU‑E mixed‑use zoning allows for flexible adaptive reuse or mixed‑use redevelopment.; Excellent visibility and accessibility due to standalone presence.
