Office-Flex Warehouse
For Sale
Contact for pricing
5361-5399 S Alkire Cir, Littleton, CO 80127
Cold dark shell units offer flexible office-freight layouts with drive-in and dock-high loading options.
Property Size3,256 SF
Price / SF$249.20
Days on Market516
Property Features for 5361-5399 S Alkire Cir
General Information
Standard status
Active
Size
3,256 SF
Property subtype
FLEX_R_AND_D
Additional Details
Highway Access
Yes
Amenities
highly visible signage
access to biking and hiking trails
Listing Agency:
Bartell & Company
Listed By:
Dan Bartell · License #000867805
(303) 753-9100
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Sep 6
Last Checked: Sep 12 at 8:26AM
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 Bartell & Company
Investment Insights
Based on property information with market context.
This offering consists of condo-style office, office-flex, lab, and warehouse space, with units available individually and also as a total package. Suites are delivered as a cold dark shell, giving buyers and tenants the ability to build out to their requirements. The facilities feature varying height ceilings and include both drive-in doors and dock-high loading of varying sizes, supporting a range of light industrial and office-flex uses.
The property is adjacent to C-470 and includes highly visible signage opportunities. Access also includes proximity to biking and hiking trails.
Units range in size from 4,000 SF up to the full 49,307 SF, with build-to-suit opportunities available up to 250,000 SF.
The property is adjacent to C-470 and includes highly visible signage opportunities. Access also includes proximity to biking and hiking trails.
Units range in size from 4,000 SF up to the full 49,307 SF, with build-to-suit opportunities available up to 250,000 SF.
Key Highlights
- Available for purchase or lease in individual units from 4,000 SF up to 49,307 SF, with build‑to‑suit opportunities up to 250,000 SF
- All units delivered as cold dark shell for flexible office‑freight buildout
- Varying height ceilings throughout the available space
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
$46,465
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
5.73%
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%
$929,300
$929.3K
Cap Rate 7%
$663,786
$663.8K
Cap Rate 9%
$516,278
$516.3K
Market Conditions
NOI Build-Up for 3,256 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
$67.6K $20.76/SF
− Vacancy
−$1.2K −$0.37/SF
EGI
$66.4K $20.39/SF
− OpEx
−$19.9K −$6.12/SF
NOI
$46.5K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /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%
$929,300
Cap Rate 7%
$663,786
Cap Rate 9%
$516,278
Alternative Uses
Best Use
Industrial
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 5.73%
Second Best
Flex RnD
$607.0K
$531.1K – $708.1K
NOI $42,487 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.12M
$978.6K – $1.30M
NOI $78,286 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Cold dark shell units offer flexible office-freight layouts with drive-in and dock-high loading options.
Where is this flex space located?
The property is located at 5361-5399 S Alkire Cir Littleton, CO.
What is the asking price?
The asking price for this property is $811,395.
What are key features of this property?
This property features: Available for purchase or lease in individual units from 4,000 SF up to 49,307 SF, with build‑to‑suit opportunities up to 250,000 SF; All units delivered as cold dark shell for flexible office‑freight buildout; Varying height ceilings throughout the available space
