Flex Space with Direct Loading
For Sale
Contact for pricing
405 Mtn Vw Rd, Berthoud, CO 80513
Flex space with a 1/4-acre outdoor storage yard and direct loading access via two overhead doors.
Property Size10,500 SF
Price / SF$238.10
Days on Market495
Property Features for 405 Mtn Vw Rd
General Information
Standard status
Active
Size
10,500 SF
Property subtype
FLEX_R_AND_D
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Drive-In Doors
2
Sprinkler System
Yes
Listing Agency:
WayPoint Real Estate
(970) 215-4438
Listed By:
Marc Robson · License #100085147
(970) 215-4438
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 10:48AM
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 WayPoint Real Estate
Investment Insights
Based on property information with market context.
This flex space includes a 1/4-acre outdoor storage yard and a warehouse layout designed for direct loading. The building has (2) 14’ x 14’ overhead doors with direct loading access, supporting quick movement of goods to and from the site. Interior improvements include full sprinkler protection, insulation, and (4) radiant heaters.
The property offers prime I-25 access across from Buc-ee’s & Ledge Rock Retail Center. It’s also positioned for regional convenience, with access to Fort Collins, Longmont, Greeley, and Loveland within 25 minutes.
The property offers prime I-25 access across from Buc-ee’s & Ledge Rock Retail Center. It’s also positioned for regional convenience, with access to Fort Collins, Longmont, Greeley, and Loveland within 25 minutes.
Key Highlights
- 1/4‑acre outdoor storage yard for flexible use
- (2) 14’ x 14’ overhead doors with direct loading access
- Fully sprinklered and insulated with (4) radiant heaters
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
$113,062
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
4.52%
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%
$2,261,240
$2.3M
Cap Rate 7%
$1,615,171
$1.6M
Cap Rate 9%
$1,256,244
$1.3M
Market Conditions
NOI Build-Up for 10,500 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
$145.5K $13.86/SF
− Vacancy
−$12.5K −$1.19/SF
EGI
$133.0K $12.67/SF
− OpEx
−$20.0K −$1.90/SF
NOI
$113.1K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
15.00%
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%
$2,261,240
Cap Rate 7%
$1,615,171
Cap Rate 9%
$1,256,244
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.88M
NOI $113,062 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,110 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,286 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
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.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a 1/4-acre outdoor storage yard and direct loading access via two overhead doors.
Where is this flex space located?
The property is located at 405 Mtn Vw Rd Berthoud, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1/4‑acre outdoor storage yard for flexible use; (2) 14’ x 14’ overhead doors with direct loading access; Fully sprinklered and insulated with (4) radiant heaters
