Renovated Flex Space with
New
For Sale
$549,000
154 Mountain Ave, Berthoud, CO 80513
Renovated flex space with roll-up doors, a walk-in cooler, and outdoor area.
Property Size2,304 SF
Days on Market2
Property Features for 154 Mountain Ave
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,619
Building Details
Building Size
2,304 SF
Year Built
1949
Listing Agency:
Realtec Loveland
Listed By:
Bruce Campbell · License #100041380
(970) 231-6824
Source:
Elliman
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 6:20AM
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 Realtec Loveland
Investment Insights
Based on property information with market context.
Built in 1949, this 2,304-square-foot flex property has been renovated and includes glass roll-up doors, a barrel ceiling, and a walk-in cooler. The building is vacant and configured for owner-user occupancy, with additional outdoor space available for property activities.
The site occupies the corner of Mountain Avenue and 2nd Street in Berthoud, Colorado. It carries M1 Light Industrial zoning and is within the Mountain Avenue Overlay and 1st Street Corridor. The property is located at 154 Mountain Ave and offers access to both intersecting streets.
The site occupies the corner of Mountain Avenue and 2nd Street in Berthoud, Colorado. It carries M1 Light Industrial zoning and is within the Mountain Avenue Overlay and 1st Street Corridor. The property is located at 154 Mountain Ave and offers access to both intersecting streets.
Key Highlights
- 2,304 SF renovated flex building
- Glass roll‑up doors, barrel ceiling, and walk‑in cooler
- Vacant property suited to owner‑user occupancy
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
$24,809
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
4.52%
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%
$496,180
$496.2K
Cap Rate 7%
$354,414
$354.4K
Cap Rate 9%
$275,656
$275.7K
Market Conditions
NOI Build-Up for 2,304 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
$31.9K $13.86/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$29.2K $12.67/SF
− OpEx
−$4.4K −$1.90/SF
NOI
$24.8K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /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%
$496,180
Cap Rate 7%
$354,414
Cap Rate 9%
$275,656
Alternative Uses
Best Use
Warehouse
$354.4K
$310.1K – $413.5K
NOI $24,809 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$618.4K
$541.1K – $721.5K
NOI $43,290 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Origins Catering Company — 619 E County Rd 8, Berthoud, CO 80513
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space with roll-up doors, a walk-in cooler, and outdoor area.
Where is this flex space located?
The property is located at 154 Mountain Ave Berthoud, CO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,304 SF renovated flex building; Glass roll‑up doors, barrel ceiling, and walk‑in cooler; Vacant property suited to owner‑user occupancy
