Versatile Flex Space For
For Sale
Contact for pricing
1501 Lee Hill Drive, Boulder, CO 80304
Adaptable commercial unit suitable for showroom, warehouse, or retail.
Property Size4,600 SF
Price / SF$184.78
Days on Market177
Property Features for 1501 Lee Hill Drive
General Information
Standard status
Active
Size
4,600 SF
Property subtype
SPECIALTY
Properties For Sale
at 1501 Lee Hill Drive Contact us- Floor
- 1
- Size
- 4,600 SF
- Type
- SPECIALTY
- Availability
- AVAILABLE, Now
- Sublease
- No
Turn-Key Food Production Facility For Sale
This turn-key food production facility is built for immediate use, eliminating the...
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- Floor
- 1
- Size
- 1,875 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Available Space
Incredible finishes in this N Boulder flex condo. Overhead door loading, four parking...
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- Floor
- 1
- Size
- 2,275 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
Industrial/Flex Space In N. Boulder For Sale or Lease
PLOT TWIST POTENTIAL
Looking for a space that flexes with your business? Well, plot...
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Listing Agency:
The W.W. Reynolds Companies
Listed By:
Drew Weiman
(303) 442-8687
Source:
Moodyscre
Added: Mar 18
Changed: Sep 8
Last Checked: Sep 9 at 5:11PM
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 The W.W. Reynolds Companies
Investment Insights
Based on property information with market context.
This versatile commercial unit is suitable for various business needs. The layout is adaptable for uses such as a showroom, warehouse, or retail space. An overhead door provides convenient access. The property is located within a complex that hosts a community of businesses. The location has a bike score of 90, indicating it is a biker's paradise, a walk score of 69, indicating it is somewhat walkable, and a transit score of 39, indicating some transit options are available.
Key Highlights
- Versatile space suitable for showroom, warehouse, or creative layouts.
- Overhead door provides easy access for deliveries and operations.
- Located in a complex with other businesses.
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
$43,379
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
5.10%
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%
$867,580
$867.6K
Cap Rate 7%
$619,700
$619.7K
Cap Rate 9%
$481,989
$482.0K
Market Conditions
NOI Build-Up for 4,600 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
$71.8K $15.60/SF
− Vacancy
−$5.0K −$1.09/SF
EGI
$66.7K $14.51/SF
− OpEx
−$23.4K −$5.08/SF
NOI
$43.4K $9.43/SF
Area
Boulder, CO
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$867,580
Cap Rate 7%
$619,700
Cap Rate 9%
$481,989
Alternative Uses
Best Use
Flex RnD
$619.7K
$542.2K – $723.0K
NOI $43,379 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$585.9K
$512.7K – $683.6K
NOI $41,014 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,810 @ 7.0% cap · market cap 12.80%
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
861
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial unit suitable for showroom, warehouse, or retail.
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: Versatile space suitable for showroom, warehouse, or creative layouts.; Overhead door provides easy access for deliveries and operations.; Located in a complex with other businesses.
