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    Multi-Bay Flex Warehouse Facility Title is generated by Realmo AI

    195 N Miller St, Keenesburg, CO 80643

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    New
    For Sale
    $1,695,000

    Versatile warehouse and shop layout with multiple overhead doors and separate shop potential for industrial and service tenants.

    Type:Commercial
    Property size:
    20,478 SF
    Lot size:
    1.02 Acres
    Price / SF:
    $82/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:57 am

    Property Features for 195 N Miller St

    General Information

    Standard status
    Active
    Size
    20,478 SF
    Lot size
    1.02 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Sheila Hollister

    Listing agent Sheila Hollister License #40029990

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Sheila Hollister

    HighLights

    • 20,478 SF warehouse/shop building on a 44,255 SF lot, built in 1966.
    • Shop includes multiple overhead doors: two 40' x 200 back‑shop bays, plus a 40' x 100 shop.
    • Back shop has two overhead big garage doors; additional 12' x 10 overhead doors and some corner shops with walk‑in doors.
    • Includes 2 bathrooms in shop plus 1 bathroom and a 1,500 SF 2‑bedroom office or rental space.
    • 3‑phase electric; 8‑inch sewer lines; back shop also has separate meters.
    • USDA financing is available to help with the purchase.

    Overview

    The property is a flex/industrial facility that combines warehouse space with shop areas and an office. The building includes two bathrooms in the shop area and an additional 1,500-square-foot, two-bedroom office or rental space. The shop portion is set up with flexible configuration options, including the ability to close off shops to create separate units. The back shop measures 40 by 200 and includes two overhead “big” garage doors. An additional big shop measures 40 by 100 and is supported by 12 by 10 overhead doors, and some corner shops also include walk-in doors.

    The site includes a 44,255-square-foot lot and provides 3-phase electric service. The property is described as having 8-inch sewer lines, and the back shop has separate meters.

    This configuration can work well for operators seeking on-site work space with built-in flexibility, such as a business that needs both larger warehousing and subdividable shop areas. The presence of overhead doors, multiple shop zones, and an office or rental space can support tenants looking to combine operations under one roof while preserving separation between work areas.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • The Double J Bar Mobile Bartending Service — 170 Dickson St, Keenesburg, CO 80643

    Location Insight

    • Map
    • Local Demand
    City
    Keenesburg
    County
    Weld
    State
    Colorado
    Longitude
    -104.5144203
    Latitude
    40.1109182

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    FAQs

    What type of property is this?
    Flex space - Versatile warehouse and shop layout with multiple overhead doors and separate shop potential for industrial and service tenants.
    Where is this flex space located?
    The property is located at 195 N Miller St Keenesburg, CO.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: 20,478 SF warehouse/shop building on a 44,255 SF lot, built in 1966.; Shop includes multiple overhead doors: two 40' x 200 back‑shop bays, plus a 40' x 100 shop.; Back shop has two overhead big garage doors; additional 12' x 10 overhead doors and some corner shops with walk‑in doors.
    (303) 913-4214
    We can help!
    Listing Contact
    Sheila Hollister
    Real Estate License ID: 40029990
    Learn More
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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.

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