Leased Flex Space
For Sale
Contact for pricing
1301 IOWA AVE LONGMONT CO 80501, Longmont, CO 80501
Office, research, manufacturing, and outdoor storage functions are combined within one commercial property.
Property Size64,000 SF
Price / SF$199.41
Days on Market87
Property Features for 1301 IOWA AVE LONGMONT CO 80501
General Information
Standard status
Active
Size
64,000 SF
Class
B
Property subtype
Industrial
Zoning
MU-E
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$861,440
Building Details
Year Built
1973
Year Renovated
1991
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 14 at 8:59PM
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 Northmarq Capital, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 64,000-square-foot flex property in Longmont, Colorado, combines office space with research and development, manufacturing, and outdoor storage areas. Constructed in 1973, the asset carries MU-E zoning and supports a range of integrated business functions within one facility.
The property is fully occupied by nLIGHT Defense Systems, Inc. under a triple-net lease extending through February 2033. Contractual rental increases are set at 3.5% annually. nLIGHT Defense Systems is a wholly owned subsidiary of nLIGHT, Inc., a developer and manufacturer of high-energy laser systems serving defense, aerospace, and industrial applications.
The property is fully occupied by nLIGHT Defense Systems, Inc. under a triple-net lease extending through February 2033. Contractual rental increases are set at 3.5% annually. nLIGHT Defense Systems is a wholly owned subsidiary of nLIGHT, Inc., a developer and manufacturer of high-energy laser systems serving defense, aerospace, and industrial applications.
Key Highlights
- 64,000‑square‑foot office, R&D, manufacturing, and outdoor storage facility
- 100% leased to nLIGHT Defense Systems, Inc. through February 2033
- Long‑term triple‑net lease with 3.5% annual rental increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$800,218
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,004,360
$16.0M
Cap Rate 7%
$11,431,686
$11.4M
Cap Rate 9%
$8,891,311
$8.9M
Market Conditions
NOI Build-Up for 64,000 SF
Gross rent
$1.34M $21.00/SF
− Vacancy
−$112.9K −$1.76/SF
EGI
$1.23M $19.24/SF
− OpEx
−$430.9K −$6.73/SF
NOI
$800.2K $12.50/SF
Area
Boulder County, CO
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,004,360
Cap Rate 7%
$11,431,686
Cap Rate 9%
$8,891,311
Alternative Uses
Best Use
Flex RnD
$11.43M
$10.00M – $13.34M
NOI $800,218 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$11.08M
$9.70M – $12.93M
NOI $775,757 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$19.31M
$16.90M – $22.53M
NOI $1,351,680 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Well-served
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
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Frequently Asked Questions
What type of property is this?
Flex space - Office, research, manufacturing, and outdoor storage functions are combined within one commercial property.
Where is this flex space located?
The property is located at 1301 IOWA AVE LONGMONT CO 80501 Longmont, CO.
What is the asking price?
The asking price for this property is $12,762,000.
What are key features of this property?
This property features: 64,000‑square‑foot office, R&D, manufacturing, and outdoor storage facility; 100% leased to nLIGHT Defense Systems, Inc. through February 2033; Long‑term triple‑net lease with 3.5% annual rental increases
