Golden Industrial/Flex Condo For
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13401 West 43rd Drive, Golden, CO 80403
2,190 SF industrial/flex condo with office and warehouse space.
Property Size2,190 SF
Price / SF$271.69
Days on Market309
Property Features for 13401 West 43rd Drive
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Office, Industrial
Zoning
PID (Wheat Ridge)
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Digby Commercial Advisors
(720) 843-1330
Listed By:
Wade Wilson · License #FA100083302
Source:
Crexi
Added: Oct 21, 2025
Changed: Aug 23
Last Checked: Aug 24 at 11:52AM
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 Digby Commercial Advisors
Investment Insights
Based on property information with market context.
This 2,190 SF industrial/flex condominium, constructed in 2002, is located in Golden, Colorado. The layout currently includes 1,352 SF of office space and 838 SF of warehouse space, offering the possibility of reconfiguration. Renderings are available to show potential space utilization, subject to architectural review and verification. The unit includes four parking spaces and features a 19-foot clearance and ceiling height, making it suitable for various applications.
Key Highlights
- Flexible space: 1,352 SF office and 838 SF warehouse, reconfigurable for various uses.
- High clearance: 19’ clearance and ceiling height suitable for diverse applications.
- Dedicated parking: Includes 4 parking spaces.
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
$18,387
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
3.09%
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%
$367,740
$367.7K
Cap Rate 7%
$262,671
$262.7K
Cap Rate 9%
$204,300
$204.3K
Market Conditions
NOI Build-Up for 2,190 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
$30.2K $13.80/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$28.3K $12.92/SF
− OpEx
−$9.9K −$4.52/SF
NOI
$18.4K $8.40/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$367,740
Cap Rate 7%
$262,671
Cap Rate 9%
$204,300
Alternative Uses
Best Use
Flex RnD
$262.7K
$229.8K – $306.5K
NOI $18,387 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$242.4K
$212.1K – $282.9K
NOI $16,971 @ 7.0% cap · market cap 2.85%
Theoretical Best
Multifamily LT 5
$4.87M
$4.26M – $5.69M
NOI $341,148 @ 7.0% cap · market cap 57.34%
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
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Frequently Asked Questions
What type of property is this?
Flex space - 2,190 SF industrial/flex condo with office and warehouse space.
Where is this flex space located?
The property is located at 13401 West 43rd Drive Golden, CO.
What is the asking price?
The asking price for this property is $594,999.
What are key features of this property?
This property features: Flexible space: 1,352 SF office and 838 SF warehouse, reconfigurable for various uses.; High clearance: 19’ clearance and ceiling height suitable for diverse applications.; Dedicated parking: Includes 4 parking spaces.
