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Building Details

Year Built 1999

Buildings 1

Building Size 16,630 SF

Construction masonry

Tenancy Multi

Listing Agency: FPR Development, LLC

Listed By: Phil Robinson Show Phone

Source: Moodyscre

Added: Jun 1 Changed: Oct 15 Last Checked: Oct 15 at 2:08AM

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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 FPR Development, LLC

Investment Insights

Based on property information with market context.

This 16,630-square-foot masonry flex building was constructed in 1999 on a 1.654-acre parcel. The property is fully occupied by two long-standing tenants under NNN leases, with contractual rent escalations. The building has 14-foot clear height, three drive-in doors and 68 parking spaces, including EV charging. Zoning is C-1/M-1.

Located in Lafayette Tech Center, the property is occupied by an ownership affiliate. The seller will consider proposals addressing the existing lease terms as part of a sale.

Key Highlights

• 16,630 SF masonry flex building on 1.654 acres
• Fully leased to two long‑tenured NNN tenants
• 14' clear height and three drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$207,932

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,158,640 $4.2M

Cap Rate 7%

$2,970,457 $3.0M

Cap Rate 9%

$2,310,356 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,630 SF

Gross rent

$349.2K $21.00/SF

− Vacancy

−$29.3K −$1.76/SF

EGI

$319.9K $19.24/SF

− OpEx

−$112.0K −$6.73/SF

NOI

$207.9K $12.50/SF

Area

Boulder County, CO

Vacancy

8.40%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,158,640

Cap Rate 7%

$2,970,457

Cap Rate 9%

$2,310,356

Alternative Uses

Best Use

Flex RnD

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $207,932 @ 7.0% cap · market cap 4.89%

Second Best

Industrial

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,576 @ 7.0% cap · market cap 4.74%

Theoretical Best

Office A

$5.02M

$4.39M – $5.85M (±1% cap)

NOI $351,226 @ 7.0% cap · market cap 8.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Shell Recharge Charging ... Electric Vehicle Charging Station Clear Blue Engineering Factory Mountain Manufacturing Industrial Manufacturer EV Connect Charging ... Electric Vehicle Charging Station

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Real Estate Agency Building Supply Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

3

Drive-in doors

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,100

Businesses Nearby

Under-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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two established tenants occupy the property under NNN leases with contractual rent increases.

Where is this flex space located?

The property is located at 1650 Coal Creek Dr Lafayette, CO.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: 16,630 SF masonry flex building on 1.654 acres; Fully leased to two long‑tenured NNN tenants; 14' clear height and three drive‑in doors