Flex Space with Lab
For Sale
Contact for pricing
7501 Miller Dr, Longmont, CO 80504
Industrial flex property with research and development areas, electrical labs, loading access, and room for outdoor storage or expansion.
Property Size28,204 SF
Lot Size4.00 Acres
Price / SF$239.33
Days on Market495
Property Features for 7501 Miller Dr
General Information
Standard status
Active
Size
28,204 SF
Lot size
4.00 Acres
Property subtype
Industrial
Zoning
Overlay District PUD-O
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
3
Additional Details
Asking Price
$6,750,000
Outdoor Storage
Yes
Building Details
Buildings
1
Building Size
28,204 SF
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
(970) 776-3900
Listed By:
Aki Palmer · License #CO 040037834
Source:
Crexi
Added: Apr 24, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:59AM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
Located at 7501 Miller Dr in Longmont, this flex property contains 28,204 SF of building area on a ±4-acre site. The facility includes sizable research and development areas along with electrical lab space, supporting a range of industrial and technical operations. Newer construction is noted in the property information.
Loading infrastructure includes one loading dock and three drive-in doors. The site also provides additional ground for outdoor storage, expansion, additional parking, or a future warehouse component. The property is identified within Overlay District PUD-O zoning and is positioned approximately 30 minutes from Denver, Boulder, and Fort Collins.
Loading infrastructure includes one loading dock and three drive-in doors. The site also provides additional ground for outdoor storage, expansion, additional parking, or a future warehouse component. The property is identified within Overlay District PUD-O zoning and is positioned approximately 30 minutes from Denver, Boulder, and Fort Collins.
Key Highlights
- 28,204 SF building on a ±4‑acre site
- Large research and development areas with electrical lab space
- One loading dock and three drive‑in doors
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
$314,611
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
4.66%
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%
$6,292,220
$6.3M
Cap Rate 7%
$4,494,443
$4.5M
Cap Rate 9%
$3,495,678
$3.5M
Market Conditions
NOI Build-Up for 28,204 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
$402.8K $14.28/SF
− Vacancy
−$32.6K −$1.16/SF
EGI
$370.1K $13.12/SF
− OpEx
−$55.5K −$1.97/SF
NOI
$314.6K $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%
$6,292,220
Cap Rate 7%
$4,494,443
Cap Rate 9%
$3,495,678
Alternative Uses
Best Use
Warehouse
$4.49M
$3.93M – $5.24M
NOI $314,611 @ 7.0% cap · market cap 4.66%
Second Best
Industrial
$3.59M
$3.14M – $4.19M
NOI $251,472 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office B
$5.14M
$4.50M – $6.00M
NOI $359,813 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
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 - Industrial flex property with research and development areas, electrical labs, loading access, and room for outdoor storage or expansion.
Where is this flex space located?
The property is located at 7501 Miller Dr Longmont, CO.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 28,204 SF building on a ±4‑acre site; Large research and development areas with electrical lab space; One loading dock and three drive‑in doors
