Storage Condo with High
For Sale
$345,000
1725 Majestic Drive #B-1, Lafayette, CO 80026
Storage condo suitable for business, RVs, hobbies, cars, and more.
Property Size1,440 SF
Lot Size0.03 Acres
Price / SF$239.58
Days on Market172
Property Features for 1725 Majestic Drive #B-1
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,364
Amenities
Metal Roof
RV Garage
110V
220 Volts
Asphalt
Building Details
Year Built
2016
Listing Agency:
REAL BROKER, LLC DBA REAL
(720) 807-2890
Listed By:
ADAM KEMP
Source:
Corcoran
Added: Mar 2
Changed: Aug 21
Last Checked: Aug 21 at 8:45AM
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 REAL BROKER, LLC DBA REAL
Investment Insights
Based on property information with market context.
This storage condo, available for occupancy, is located in Own It Storage and suitable for business, RVs, hobbies, cars, and more. The unit offers approximately 1,440 square feet (approx. 24x60) with 16-foot ceilings, an 18x14 overhead garage door with keypad opener, and a concrete floor. It includes an individual electric panel and a wall-mounted electric heater. Unit B-1 features a sink inside and a sewer dump station. Additionally, the unit has two man doors, including rear door access to open space and the Coal Creek Trail. Community amenities include 24-hour access, a gated entrance, a common restroom, and a meeting room. Unit B-2, located next door, is also on the market with 960 square feet. The wall between B-1 and B-2 can be easily removed to create a combined 2,440 square foot unit. The seller is interested in selling both units together and would consider a lease back until the end of June for Unit B-1.
Key Highlights
- 1,440 sq ft storage condo with 16' ceilings and 18x14 overhead garage door, ideal for business, RV, hobbies, cars, and more.
- Includes a sink and sewer dump station inside the unit.
- Benefit from 24‑hour access, gated entrance, common restroom, and meeting room.
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
$17,455
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
5.06%
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%
$349,100
$349.1K
Cap Rate 7%
$249,357
$249.4K
Cap Rate 9%
$193,944
$193.9K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$985 −$0.68/SF
EGI
$24.9K $17.32/SF
− OpEx
−$7.5K −$5.19/SF
NOI
$17.5K $12.12/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /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%
$349,100
Cap Rate 7%
$249,357
Cap Rate 9%
$193,944
Alternative Uses
Best Use
Industrial
$249.4K
$218.2K – $290.9K
NOI $17,455 @ 7.0% cap · market cap 5.06%
Second Best
Self Storage
$197.0K
$172.4K – $229.8K
NOI $13,789 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage condo suitable for business, RVs, hobbies, cars, and more.
Where is this self storage facility located?
The property is located at 1725 Majestic Drive #B-1 Lafayette, CO.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,440 sq ft storage condo with **16' ceilings and 18x14 overhead garage door**, ideal for business, RV, hobbies, cars, and more.; Includes a **sink and sewer dump station** inside the unit.; Benefit from **24‑hour access**, gated entrance, common restroom, and meeting room.
