Freestanding Industrial Flex
For Sale
$849,000
104 9th Ave, Longmont, CO 80501
Freestanding industrial flex building with showroom, service, storage, manufacturing, or workspace potential in a mixed-use zone.
Property Size4,218 SF
Lot Size0.25 Acres
Price / SF$201.28
Days on Market38
Property Features for 104 9th Ave
General Information
Standard status
Active
Size
4,218 SF
Lot size
0.25 Acres
Property subtype
Industrial
Zoning
MU-E
Taxes and HOA fees
Annual Taxes
$18,500
Building Details
Building Size
4,218 SF
Year Built
1960
Listing Agency:
RE/MAX Elevate
(303) 772-2222
Listed By:
Keith Kanemoto · License #FA40009659
(303) 772-2222
Source:
Elliman
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 29 at 2:46PM
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.
Now available for sale, this 4,218-square-foot freestanding industrial building sits on a 0.25-acre lot. Constructed in 1960, the layout is designed to support a range of operational needs, including showroom, service area, storage, manufacturing, or workspace.
The property benefits from standalone presence intended to support visibility and accessibility. It is located in the City of Longmont’s MU-E mixed-use zone, offering flexibility for adaptive reuse or mixed-use redevelopment.
Additional improvements include air conditioning and a roof that was newly installed in 2025.
The property benefits from standalone presence intended to support visibility and accessibility. It is located in the City of Longmont’s MU-E mixed-use zone, offering flexibility for adaptive reuse or mixed-use redevelopment.
Additional improvements include air conditioning and a roof that was newly installed in 2025.
Key Highlights
- 4,218 SF freestanding industrial building on a 0.25‑acre lot in central Longmont
- Originally constructed in 1960 with space for showroom, service area, storage, manufacturing, or workspace
- MU‑E mixed‑use zoning in the City of Longmont for adaptive reuse or mixed‑use redevelopment
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
4.43%
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 4.43%
Second Best
Flex RnD
$498.9K
$436.5K – $582.0K
NOI $34,922 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office B
$768.7K
$672.6K – $896.9K
NOI $53,811 @ 7.0% cap · market cap 6.34%
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 - Freestanding industrial flex building with showroom, service, storage, manufacturing, or workspace potential in a mixed-use zone.
Where is this flex space located?
The property is located at 104 9th Ave Longmont, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,218 SF freestanding industrial building on a 0.25‑acre lot in central Longmont; Originally constructed in 1960 with space for showroom, service area, storage, manufacturing, or workspace; MU‑E mixed‑use zoning in the City of Longmont for adaptive reuse or mixed‑use redevelopment
