Drive-Through Industrial Condo For
For Sale
$499,000
13601 W 43rd Drive #B18-B5, Golden, CO 80403
2,000 sq ft industrial condo with drive-through access.
Property Size2,000 SF
Price / SF$249.50
Days on Market150
Property Features for 13601 W 43rd Drive #B18-B5
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,265
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty Downtown LLC
(303) 523-5821
Listed By:
Elisa Guida · License #040004476
(303) 523-5821
Source:
Exitrealty
Added: Mar 28
Changed: Aug 23
Last Checked: Aug 23 at 10:49AM
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 Keller Williams Realty Downtown LLC
Investment Insights
Based on property information with market context.
This 2,000 sq. ft. industrial condo offers true drive-through access, eliminating the need for backing up trailers, RVs, or larger vehicles. Formed by combining two units, the space stretches nearly 100 feet deep and just over 19 feet wide, easily accommodating side-by-side vehicles, multiple cars, or even two full-size RVs or tour buses. The unit includes multiple electrical outlets, fluorescent overhead lighting, two 14-foot overhead doors, and two man doors for easy access. Located within a sought-after garage club community on a quiet cul-de-sac in a light industrial area, the property offers quick access to major highways including I-25, Highway 58, and Highway 93. Low HOA dues cover water, snow removal, access to on-site owner bathroom and utility room, and video surveillance. The seller is currently awaiting city approval to construct a dividing wall, offering the option to split this expansive condo into two 1,000 sq. ft. units. The estimated timeline for completion is approximately three months. The property is located in Golden, CO. The bike score is 26, walk score is 4, and transit score is 26.
Key Highlights
- Rare drive‑through access, eliminates backing up large vehicles.
- Expansive 2,000 sq. ft. space accommodates multiple cars, two RVs, or tour buses.
- Option to split into two separate 1,000 sq. ft. units (subject to city approval).
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
$31,945
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
6.40%
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%
$638,900
$638.9K
Cap Rate 7%
$456,357
$456.4K
Cap Rate 9%
$354,944
$354.9K
Market Conditions
NOI Build-Up for 2,000 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
$48.2K $24.12/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$45.6K $22.82/SF
− OpEx
−$13.7K −$6.85/SF
NOI
$31.9K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /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%
$638,900
Cap Rate 7%
$456,357
Cap Rate 9%
$354,944
Alternative Uses
Best Use
Retail
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 3.11%
Theoretical Best
Multifamily LT 5
$4.45M
$3.89M – $5.19M
NOI $311,551 @ 7.0% cap · market cap 62.44%
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?
Warehouse - 2,000 sq ft industrial condo with drive-through access.
Where is this warehouse located?
The property is located at 13601 W 43rd Drive #B18-B5 Golden, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Rare drive‑through access, eliminates backing up large vehicles.; Expansive 2,000 sq. ft. space accommodates multiple cars, two RVs, or tour buses.; Option to split into two separate 1,000 sq. ft. units (subject to city approval).
