Industrial Condo with Utility
For Sale
$199,000
13601 W 43rd Drive #B14, Golden, CO 80403
East-facing industrial space includes a bathroom, utility room, and water service through the HOA.
Property Size800 SF
Price / SF$248.75
Days on Market24
Property Features for 13601 W 43rd Drive #B14
General Information
Standard status
Active
Size
800 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Zoning
PID
Taxes and HOA fees
Annual Taxes
$2,492
Amenities
bathroom
utility room
Building Details
Building Size
800 SF
Year Built
2002
Units
1
Listing Agency:
Keller Williams Realty Downtown LLC
(303) 523-5821
Listed By:
Elisa Guida
(303) 523-5821
Source:
Coloradopartners
Added: Aug 1
Changed: Aug 8
Last Checked: Aug 23 at 11:51AM
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 Keller Williams Realty Downtown LLC
Investment Insights
Based on property information with market context.
This 800 sq. ft. industrial condo provides enclosed space for household or business storage, including vehicles, materials, tools, equipment, and records. The unit is east-facing and includes both a bathroom and a utility room for owner use.
Built in 2002, the property is located at 13601 W 43rd Drive #B14 in Golden, Colorado. The HOA includes water service, and the property is zoned PID. Its warehouse configuration supports users seeking additional storage capacity for personal belongings or business-related items.
Built in 2002, the property is located at 13601 W 43rd Drive #B14 in Golden, Colorado. The HOA includes water service, and the property is zoned PID. Its warehouse configuration supports users seeking additional storage capacity for personal belongings or business-related items.
Key Highlights
- 800 sq. ft. industrial condo
- East‑facing unit built in 2002
- Bathroom and utility room on‑site
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
$6,021
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
3.03%
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%
$120,420
$120.4K
Cap Rate 7%
$86,014
$86.0K
Cap Rate 9%
$66,900
$66.9K
Market Conditions
NOI Build-Up for 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
$7.6K $9.50/SF
− Vacancy
−$517 −$0.65/SF
EGI
$7.1K $8.85/SF
− OpEx
−$1.1K −$1.33/SF
NOI
$6.0K $7.53/SF
Area
Jefferson County, CO
Vacancy
6.80%
Lease Rate
$9.50 /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%
$120,420
Cap Rate 7%
$86,014
Cap Rate 9%
$66,900
Alternative Uses
Best Use
Warehouse
$86.0K
$75.3K – $100.4K
NOI $6,021 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,620 @ 7.0% cap · market cap 62.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80403, CO
21,335
Population
8,983
Households
2.4
Avg Household Size
44
Median Age
65%
College-Educated
98%
High-School Grad
142.0 sq mi
ZIP Area
150
Density / Sq Mi
$145,315
Median Household Income
$81,856
Median Earnings
$2,210
Median Rent
$797,100
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?
Warehouse - East-facing industrial space includes a bathroom, utility room, and water service through the HOA.
Where is this warehouse located?
The property is located at 13601 W 43rd Drive #B14 Golden, CO.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 800 sq. ft. industrial condo; East‑facing unit built in 2002; Bathroom and utility room on‑site
