Gated Self-Storage
For Sale
$397,000
341 1st Street #E1, Mead, CO 80542
For-sale self-storage within a gated subdivision, offering secure, controlled access for tenant storage needs.
Property Size1,690 SF
Days on Market96
Property Features for 341 1st Street #E1
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$11,266
Building Details
Building Size
1,690 SF
Year Built
2021
Listing Agency:
Remax Nexus
Listed By:
Abby Renner · License #ER40029855
(970) 295-4760
Source:
Coloradopartners
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 2 at 2:57PM
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 Remax Nexus
Investment Insights
Based on property information with market context.
This for-sale self-storage facility is located within a gated subdivision, providing controlled entry for tenant customers. The property is positioned as a dedicated storage asset suitable for customers seeking a secure place to store personal or business items. The offering is marketed as an industrial/commercial storage option in Weld County.
Access is straightforward from the interstate area, with directions indicating travel from I-25 and the Mead Exit/CR-34 west to 1st Street before heading north. The property is set up in a gated environment, which can be a practical fit for tenants who prioritize after-hours or controlled access.
From an operator or investor perspective, a gated self-storage configuration typically appeals to a broad mix of storage customers who want convenience and security in one place. This asset may also be considered by buyers looking to acquire an income-oriented commercial property in a controlled-access setting. Interested parties should verify the specific storage unit mix and any site features during due diligence to confirm fit for their underwriting assumptions.
Access is straightforward from the interstate area, with directions indicating travel from I-25 and the Mead Exit/CR-34 west to 1st Street before heading north. The property is set up in a gated environment, which can be a practical fit for tenants who prioritize after-hours or controlled access.
From an operator or investor perspective, a gated self-storage configuration typically appeals to a broad mix of storage customers who want convenience and security in one place. This asset may also be considered by buyers looking to acquire an income-oriented commercial property in a controlled-access setting. Interested parties should verify the specific storage unit mix and any site features during due diligence to confirm fit for their underwriting assumptions.
Key Highlights
- Self‑storage facility built in 2021
- Located in a gated subdivision with secure, controlled access
- Weld County
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
$15,068
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
3.80%
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%
$301,360
$301.4K
Cap Rate 7%
$215,257
$215.3K
Cap Rate 9%
$167,422
$167.4K
Market Conditions
NOI Build-Up for 1,690 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
$23.3K $13.80/SF
− Vacancy
−$1.8K −$1.06/SF
EGI
$21.5K $12.74/SF
− OpEx
−$6.5K −$3.82/SF
NOI
$15.1K $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%
$301,360
Cap Rate 7%
$215,257
Cap Rate 9%
$167,422
Alternative Uses
Best Use
Industrial
$215.3K
$188.4K – $251.1K
NOI $15,068 @ 7.0% cap · market cap 3.80%
Second Best
Self Storage
$10.1K
$8.8K – $11.8K
NOI $706 @ 7.0% cap · market cap 0.18%
Theoretical Best
Office B
$308.0K
$269.5K – $359.3K
NOI $21,560 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 80542, CO
4,841
Population
1,778
Households
2.7
Avg Household Size
40
Median Age
52%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
526
Density / Sq Mi
$127,500
Median Household Income
$58,578
Median Earnings
$2,694
Median Rent
$590,500
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?
Self storage facility - For-sale self-storage within a gated subdivision, offering secure, controlled access for tenant storage needs.
Where is this self storage facility located?
The property is located at 341 1st Street #E1 Mead, CO.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Self‑storage facility built in 2021; Located in a gated subdivision with secure, controlled access; Weld County
