Highlands Ranch Flex
For Sale
$350,000
9181 Commerce Center Circle Unit E1, Littleton, CO 80129
Flex space in desirable Highlands Ranch location.
Property Size846 SF
Days on Market104
Property Features for 9181 Commerce Center Circle Unit E1
General Information
Standard status
Active
Size
846 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$8,126
Building Details
Building Size
846 SF
Year Built
2008
Listing Agency:
RE/MAX Professionals
(303) 929-9660
Listed By:
David Novak · License #100067834
Source:
Corken
Added: May 19
Changed: Aug 23
Last Checked: Aug 29 at 2:40PM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This flex space is located in Highlands Ranch and faces south, providing sun exposure. The unit includes heat and a 220 hook up. It is located across from the clubhouse. The property can be used for business or investment purposes. The location is somewhat bikeable and car-dependent.
Key Highlights
- Awesome Highlands Ranch location.
- South‑facing unit for great sun exposure.
- Located directly across from the clubhouse.
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
$12,073
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
3.45%
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%
$241,460
$241.5K
Cap Rate 7%
$172,471
$172.5K
Cap Rate 9%
$134,144
$134.1K
Market Conditions
NOI Build-Up for 846 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
$17.6K $20.76/SF
− Vacancy
−$316 −$0.37/SF
EGI
$17.2K $20.39/SF
− OpEx
−$5.2K −$6.12/SF
NOI
$12.1K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
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%
$241,460
Cap Rate 7%
$172,471
Cap Rate 9%
$134,144
Alternative Uses
Best Use
Industrial
$172.5K
$150.9K – $201.2K
NOI $12,073 @ 7.0% cap · market cap 3.45%
Second Best
Flex RnD
$157.7K
$138.0K – $184.0K
NOI $11,039 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$290.6K
$254.3K – $339.0K
NOI $20,341 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80129, CO
29,703
Population
12,674
Households
2.3
Avg Household Size
41
Median Age
63%
College-Educated
99%
High-School Grad
7.0 sq mi
ZIP Area
4,243
Density / Sq Mi
$136,915
Median Household Income
$71,865
Median Earnings
$2,283
Median Rent
$643,400
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 in desirable Highlands Ranch location.
Where is this flex space located?
The property is located at 9181 Commerce Center Circle Unit E1 Littleton, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Awesome Highlands Ranch location.; South‑facing unit for great sun exposure.; Located directly across from the clubhouse.
