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Flex Space Cold Dark Shell
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5361-5399 S Alkire Cir, Littleton, CO 80127

Flex space delivered as a cold dark shell with varying ceiling heights and drive-in and dock-high doors.

Property Size3,271 SF
Price / SF$264.20
Days on Market473

Property Features for 5361-5399 S Alkire Cir

General Information

Standard status Active
Size 3,271 SF
Property subtype FLEX_R_AND_D

Building Details

Building Size 49,307 SF
Listing Agency: Bartell & Company
Listed By: Dan Bartell · License #000867805
Source: Moodyscre
Added: Apr 16, 2025 Changed: Jul 30 Last Checked: Jul 31 at 1:29PM

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 flex space offering consists of office-flex, lab, and warehouse-style build opportunities delivered as a cold dark shell. Units may be purchased or leased individually, with options starting at 4,000 SF and extending to the entire 49,307 SF. The spaces feature varying height ceilings, and the property includes drive-in doors as well as dock-high doors of varying sizes.

Build-to-suit opportunities are also available up to 250,000 SF. The site supports highly visible signage and is adjacent to C-470. Access to biking and hiking trails is available, offering additional on-site recreation connectivity for occupants.

With cold dark shell delivery and door configurations designed for flexible operations, these layouts are positioned for users who want the ability to tailor interior improvements to their needs.

Key Highlights

  • Individual units available starting at 4,000 SF up to the entire 49,307 SF
  • Cold dark shell delivery for all units
  • Varying height ceilings

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $91.5k $27.96
− Vacancy −$15.5k −$4.73
EGI $76.0k $23.23
− OpEx −$19.0k −$5.81
NOI $57.0k $17.43
3,271 SF · lease $27.96/SF/yr · vacancy 16.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$814.3K
$712.5K – $950.0K (±1% cap)
NOI $57,001 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$666.8K
$583.5K – $778.0K (±1% cap)
NOI $46,679 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.12M
$983.1K – $1.31M (±1% cap)
NOI $78,647 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Locksmith Garden Center Home Appliance Store Plumbing Service Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flex space delivered as a cold dark shell with varying ceiling heights and drive-in and dock-high doors.
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 $864,198.
What are key features of this property?
This property features: Individual units available starting at 4,000 SF up to the entire 49,307 SF; Cold dark shell delivery for all units; Varying height ceilings
(303) 753-9100 Call to check price and availability
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