Office/Warehouse Flex
For Sale
$1,499,999
1360 Horizon Avenue #111, Lafayette, CO 80026
Turnkey flex unit with reception, five private offices, conference room, and a rear-loaded warehouse with a 14-foot overhead door.
Property Size3,678 SF
Price / SF$407.83
Days on Market173
Property Features for 1360 Horizon Avenue #111
General Information
Standard status
Active
Size
3,678 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,672
Amenities
Metal Roof
Concrete Driveway
Exterior Access Door
Building Details
Year Built
2022
Listing Agency:
IGO REALTY
(303) 862-5457
Listed By:
ARLENE CASTRO · License #40008610
(303) 506-6742
Source:
Corcoran
Added: Mar 18
Changed: Sep 5
Last Checked: Sep 6 at 7:26AM
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 IGO REALTY
Investment Insights
Based on property information with market context.
This high-end office/warehouse flex unit is newly finished and configured for both client-facing and day-to-day operations. The office portion includes a welcoming reception area, five private offices with glass and solid doors, a dedicated conference room, a fully equipped break room with kitchen, four open workstations, and an interior private restroom. Additional convenience is provided by a janitorial room and access to two shared hallway restrooms.
The warehouse component offers a large open work/storage area with rear loading and a 14-foot overhead door, supporting a range of storage and light industrial needs. The property is located in Lafayette, with easy access to E-470, Boulder, Denver, and DIA, according to the provided remarks.
The warehouse component offers a large open work/storage area with rear loading and a 14-foot overhead door, supporting a range of storage and light industrial needs. The property is located in Lafayette, with easy access to E-470, Boulder, Denver, and DIA, according to the provided remarks.
Key Highlights
- Newly built 2022 office/warehouse flex unit with a rear‑loaded warehouse and large open warehouse area
- Warehouse includes a 14‑foot overhead door for storage, light industrial, and service‑based operations
- Client‑facing layout with reception area plus five private offices featuring glass and solid 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
$54,135
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
3.61%
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%
$1,082,700
$1.1M
Cap Rate 7%
$773,357
$773.4K
Cap Rate 9%
$601,500
$601.5K
Market Conditions
NOI Build-Up for 3,678 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
$66.2K $18.00/SF
− Vacancy
−$2.5K −$0.68/SF
EGI
$63.7K $17.32/SF
− OpEx
−$9.6K −$2.60/SF
NOI
$54.1K $14.72/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /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%
$1,082,700
Cap Rate 7%
$773,357
Cap Rate 9%
$601,500
Alternative Uses
Best Use
Warehouse
$773.4K
$676.7K – $902.3K
NOI $54,135 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$698.4K
$611.1K – $814.8K
NOI $48,885 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.11M
$971.0K – $1.29M
NOI $77,679 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80026, CO
32,318
Population
14,209
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,436
Density / Sq Mi
$115,031
Median Household Income
$59,937
Median Earnings
$2,054
Median Rent
$664,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Turnkey flex unit with reception, five private offices, conference room, and a rear-loaded warehouse with a 14-foot overhead door.
Where is this flex space located?
The property is located at 1360 Horizon Avenue #111 Lafayette, CO.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Newly built 2022 office/warehouse flex unit with a rear‑loaded warehouse and large open warehouse area; Warehouse includes a 14‑foot overhead door for storage, light industrial, and service‑based operations; Client‑facing layout with reception area plus five private offices featuring glass and solid doors
