Flex Warehouse with
For Sale
Contact for pricing
1501 Lee Hill Drive, Boulder, CO 80304
Flex unit features showroom or reception at the front, with an 80% warehouse portion and small mezzanine.
Property Size2,275 SF
Price / SF$373.63
Days on Market141
Property Features for 1501 Lee Hill Drive
General Information
Standard status
Active
Size
2,275 SF
Property subtype
INDUSTRIAL
Additional Details
Anchor Co-Tenants
Spruce Confections, Upslope Brewing, Juniper Books, Bookcliff Vineyards
Clear Height
16 ft
Listing Agency:
Market Real Estate
(303) 444-4888
Listed By:
Heidi Schamber · License #EC100077894
(303) 579-2407
Source:
Moodyscre
Added: Mar 18
Changed: Jul 29
Last Checked: Jul 29 at 10:15AM
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 Market Real Estate
Investment Insights
Based on property information with market context.
This flex warehouse includes a showroom or reception area at the front, with the majority of the space dedicated to warehouse use. The layout also includes a small mezzanine, supporting additional overhead storage or work space within the warehouse portion. For vehicle access, the property is equipped with a 14' overhead door, and the warehouse offers 16' clear height.
Dedicated parking is provided in front, with additional parking located in the back. The unit is situated within a commercial complex, joining neighboring businesses including Spruce Confections, Upslope Brewing, Juniper Books & Bookcliff Vineyards.
Overall, the configuration is designed to separate a customer-facing front area from a primary warehouse rear, supported by the overhead door, clear height, and parking for day-to-day operations.
Dedicated parking is provided in front, with additional parking located in the back. The unit is situated within a commercial complex, joining neighboring businesses including Spruce Confections, Upslope Brewing, Juniper Books & Bookcliff Vineyards.
Overall, the configuration is designed to separate a customer-facing front area from a primary warehouse rear, supported by the overhead door, clear height, and parking for day-to-day operations.
Key Highlights
- Flex unit with showroom or reception at the front and an 80% warehouse portion plus a small mezzanine
- 16' clear height with a 14' overhead door for loading and easy access
- Dedicated parking in front, with additional parking in the back
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.3k | $25.20 |
| − Vacancy | −$3.7k | −$1.64 |
| EGI | $53.6k | $23.56 |
| − OpEx | −$16.1k | −$7.07 |
| NOI | $37.5k | $16.49 |
2,275 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 4.41%
Second Best
Warehouse
$351.9K
$307.9K – $410.5K
NOI $24,631 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$768.8K
$672.7K – $896.9K
NOI $53,814 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80304, CO
27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Flex unit features showroom or reception at the front, with an 80% warehouse portion and small mezzanine.
Where is this flex space located?
The property is located at 1501 Lee Hill Drive Boulder, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Flex unit with showroom or reception at the front and an 80% warehouse portion plus a small mezzanine; 16' clear height with a 14' overhead door for loading and easy access; Dedicated parking in front, with additional parking in the back
