Flex Space Building with Roll-Up
For Sale
$1,999,000
3025 W Hampden Ave, Sheridan, CO 80110
Flex space on a three-parcel lot with fenced outdoor storage and lower-level roll-up door access.
Property Size10,800 SF
Lot Size0.74 Acres
Price / SF$185.09
Days on Market24
Property Features for 3025 W Hampden Ave
General Information
Standard status
Active
Size
10,800 SF
Lot size
0.74 Acres
Property subtype
Office Vacant-User
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
1
Amenities
meeting room
break room
training rooms
- 10,800 Square Feet on Two Levels - 0.74 Acres on Three Parcels
- Fenced Outdoor Storage - Sheridan Commercial C Zoning Permitting a Wide Variety of Uses - Newer Roof Membrane - Brick Construction - Built in 1982
- Current Layout Includes: o 4 Offices o Large Meeting/Training Room o Breakroom o Conference Room o Lower Level includes 4 Classrooms
Building Details
Building Size
10,800 SF
Year Built
1982
Buildings
1
Stories
2
Listing Agency:
Marcus & Millichap - Denver
(303) 328-2056
Listed By:
Chadd Nelson · License #License(s): CO: FA.100073491
(303) 328-2056
Source:
Marcusmillichap
Added: Jul 30
Changed: Aug 15
Last Checked: Aug 22 at 3:44AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
3025 W Hampden Ave is a flex space building on a three-parcel .74-acre lot, with fenced outdoor storage. The property includes 10,800 total square feet over two levels (5,400 square feet per level). The current interior configuration includes a large meeting room, a break room, and four training rooms on the lower level, with minimal office buildout elsewhere.
A key feature for operations is the lower level’s roll-up access door, which can support a reconfiguration into garage space. The building was constructed in 1982.
The layout is well suited for users looking for a flexible indoor workspace that can be adapted for office, training, and related uses while maintaining practical access for storage or light service needs.
A key feature for operations is the lower level’s roll-up access door, which can support a reconfiguration into garage space. The building was constructed in 1982.
The layout is well suited for users looking for a flexible indoor workspace that can be adapted for office, training, and related uses while maintaining practical access for storage or light service needs.
Key Highlights
- .74‑acre, three‑parcel lot with fenced outdoor storage
- 10,800 total square feet across two levels
- Lower level includes roll‑up access door and can be reconfigured into garage 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
$118,106
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
5.91%
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%
$2,362,120
$2.4M
Cap Rate 7%
$1,687,229
$1.7M
Cap Rate 9%
$1,312,289
$1.3M
Market Conditions
NOI Build-Up for 10,800 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
$191.8K $17.76/SF
− Vacancy
−$34.3K −$3.18/SF
EGI
$157.5K $14.58/SF
− OpEx
−$39.4K −$3.65/SF
NOI
$118.1K $10.94/SF
Area
Arapahoe County, CO
Vacancy
17.90%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
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%
$2,362,120
Cap Rate 7%
$1,687,229
Cap Rate 9%
$1,312,289
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.25M
NOI $195,139 @ 7.0% cap · market cap 9.76%
Second Best
Office B
$1.69M
$1.48M – $1.97M
NOI $118,106 @ 7.0% cap · market cap 5.91%
Theoretical Best
Multifamily LT 5
$160.35M
$140.30M – $187.07M
NOI $11,224,185 @ 7.0% cap · market cap 561.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space on a three-parcel lot with fenced outdoor storage and lower-level roll-up door access.
Where is this flex space located?
The property is located at 3025 W Hampden Ave Sheridan, CO.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: .74‑acre, three‑parcel lot with fenced outdoor storage; 10,800 total square feet across two levels; Lower level includes roll‑up access door and can be reconfigured into garage space
