Flex Space
For Sale
Contact for pricing
150 Martin Street, Longmont, CO 80501
For-sale flex space property offering a mix of industrial and office-oriented use options.
Property Size23,848 SF
Price / SF$175.07
Days on Market57
Property Features for 150 Martin Street
General Information
Standard status
Active
Size
23,848 SF
Property subtype
Office, Industrial
Zoning
M-2, Longmont
Investment Type
Value Add
Building Details
Year Built
1960
Year Renovated
1997
Stories
2
Tenancy
Multi
Listing Agency:
CBRE - Boulder
(303) 824-4704
Listed By:
Jeremy Kroner · License #CO
Source:
Crexi
Added: Jun 17
Changed: Aug 10
Last Checked: Aug 11 at 11:34AM
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 CBRE - Boulder
Investment Insights
Based on property information with market context.
This for-sale flex space building totals approximately 23,848 square feet and is classified for industrial, manufacturing, and office unit use. The asset is suited for businesses that need space that can accommodate both working and office functions within a single property.
Located at 150 Martin Street in Longmont, Colorado, the property’s address places it within the city market for local operators and owner-users seeking a combined industrial and office-oriented setting.
From a tenant or owner perspective, the property’s flex categorization supports a range of practical operating needs where workplace requirements may involve both production or storage activities and administrative space. This makes it a reasonable consideration for buyers looking for a single-building format rather than separating industrial space from office space across multiple facilities, subject to confirming layout and any specific suitability for your operations during due diligence.
Located at 150 Martin Street in Longmont, Colorado, the property’s address places it within the city market for local operators and owner-users seeking a combined industrial and office-oriented setting.
From a tenant or owner perspective, the property’s flex categorization supports a range of practical operating needs where workplace requirements may involve both production or storage activities and administrative space. This makes it a reasonable consideration for buyers looking for a single-building format rather than separating industrial space from office space across multiple facilities, subject to confirming layout and any specific suitability for your operations during due diligence.
Key Highlights
- Flex space property at 150 Martin Street, Longmont, CO 80501
- Built in 1960
- Offers a mix of industrial and office‑oriented use options
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
$212,633
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
5.09%
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%
$4,252,660
$4.3M
Cap Rate 7%
$3,037,614
$3.0M
Cap Rate 9%
$2,362,589
$2.4M
Market Conditions
NOI Build-Up for 23,848 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
$329.1K $13.80/SF
− Vacancy
−$25.3K −$1.06/SF
EGI
$303.8K $12.74/SF
− OpEx
−$91.1K −$3.82/SF
NOI
$212.6K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /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%
$4,252,660
Cap Rate 7%
$3,037,614
Cap Rate 9%
$2,362,589
Alternative Uses
Best Use
Industrial
$3.04M
$2.66M – $3.54M
NOI $212,633 @ 7.0% cap · market cap 5.09%
Second Best
Flex RnD
$2.82M
$2.47M – $3.29M
NOI $197,445 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office B
$4.35M
$3.80M – $5.07M
NOI $304,241 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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 - For-sale flex space property offering a mix of industrial and office-oriented use options.
Where is this flex space located?
The property is located at 150 Martin Street Longmont, CO.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: Flex space property at 150 Martin Street, Longmont, CO 80501; Built in 1960; Offers a mix of industrial and office‑oriented use options
