Flex Space with
New
For Sale
$575,000
1320 Factory Drive, Fort Lupton, CO 80621
I-1-zoned property combines warehouse space with offices, a lobby, retail entry, and built-in staff amenities.
Property Size4,224 SF
Days on Market4
Property Features for 1320 Factory Drive
General Information
Standard status
Active
Size
4,224 SF
Property subtype
Commercial
Zoning
I-1
Additional Details
Furnished
Yes
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$11,011
Amenities
Break room
Radiant ceiling tube heaters
ADT security system
Office furniture
Building Details
Building Size
4,224 SF
Year Built
1994
Buildings
1
Units
1
Listing Agency:
Keller Williams DTC
(303) 358-3537
Listed By:
Nikki Thompson
(303) 358-3537
Source:
Coloradopartners
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 23 at 12:45PM
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 DTC
Investment Insights
Based on property information with market context.
Built in 1994, this flex property combines warehouse space with an office and retail-oriented entrance. The interior includes a mezzanine used for storage, two private offices, an attached lobby, and two bathrooms, including one serving customer-facing areas. A break room is equipped with a refrigerator, oven, microwave, counters, and cabinets.
The warehouse has three 10-foot by 12-foot garage doors, although one is currently blocked by an office. Radiant ceiling tube heaters and interior ceiling lighting serve the industrial area. An ADT security system with cameras and door sensors, along with office furniture, is included. Parking is available at the front and side of the building, with access to CO-85 from 1320 Factory Drive in Fort Lupton, Colorado.
The warehouse has three 10-foot by 12-foot garage doors, although one is currently blocked by an office. Radiant ceiling tube heaters and interior ceiling lighting serve the industrial area. An ADT security system with cameras and door sensors, along with office furniture, is included. Parking is available at the front and side of the building, with access to CO-85 from 1320 Factory Drive in Fort Lupton, Colorado.
Key Highlights
- I‑1 zoning with warehouse, office, lobby, and retail‑entry areas
- Mezzanine provides additional storage space
- Three 10‑foot by 12‑foot garage doors; one is currently blocked by an office
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
$47,118
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
8.19%
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%
$942,360
$942.4K
Cap Rate 7%
$673,114
$673.1K
Cap Rate 9%
$523,533
$523.5K
Market Conditions
NOI Build-Up for 4,224 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
$60.3K $14.28/SF
− Vacancy
−$4.9K −$1.16/SF
EGI
$55.4K $13.12/SF
− OpEx
−$8.3K −$1.97/SF
NOI
$47.1K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /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%
$942,360
Cap Rate 7%
$673,114
Cap Rate 9%
$523,533
Alternative Uses
Best Use
Office B
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 9.37%
Second Best
Warehouse
$673.1K
$589.0K – $785.3K
NOI $47,118 @ 7.0% cap · market cap 8.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80621, CO
13,343
Population
5,110
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
126.6 sq mi
ZIP Area
105
Density / Sq Mi
$80,746
Median Household Income
$41,677
Median Earnings
$1,389
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Office 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 - I-1-zoned property combines warehouse space with offices, a lobby, retail entry, and built-in staff amenities.
Where is this flex space located?
The property is located at 1320 Factory Drive Fort Lupton, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: I‑1 zoning with warehouse, office, lobby, and retail‑entry areas; Mezzanine provides additional storage space; Three 10‑foot by 12‑foot garage doors; one is currently blocked by an office
