Flex Space with 16-Foot
For Sale
$345,000
1725 Majestic Drive B-1, Lafayette, CO 80026
Gated commercial storage condominium with rear access, individual power, and shared meeting facilities.
Property Size1,440 SF
Price / SF$239.58
Days on Market32
Property Features for 1725 Majestic Drive B-1
General Information
Standard status
Active
Size
1,440 SF
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Self-Storage Units
1
Amenities
24hr access
gated entrance
common restroom
meeting room
rear door access to open space and Coal Creek Trail
keypad opener
sink
sewer dump station
Building Details
Year Built
2016
Listing Agency:
Real Broker, LLC DBA Real
(720) 807-2890
Listed By:
Adam Kemp · License #100087638
Source:
Thecouturegroup
Added: Jul 31
Changed: Aug 30
Last Checked: Aug 30 at 7:11PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
This 1,440-square-foot flex condominium in a 2016 commercial storage community offers a practical enclosed workspace with 16-foot ceilings, a concrete floor, and an 18-by-14-foot overhead garage door with keypad operation. The unit includes an individual electric panel, wall-mounted electric heater, interior sink, sewer dump station, and two man doors. Rear access opens toward Coal Creek Trail, while the community provides round-the-clock entry, a gated entrance, common restroom, and meeting room.
Located at 1725 Majestic Drive in Lafayette, the property is identified as Unit B-1. The neighboring B-2 unit is also available, and the dividing wall can be removed to create a combined 2,440-square-foot configuration. The seller is interested in a combined sale and may consider a leaseback for B-1 through the end of June.
Located at 1725 Majestic Drive in Lafayette, the property is identified as Unit B-1. The neighboring B-2 unit is also available, and the dividing wall can be removed to create a combined 2,440-square-foot configuration. The seller is interested in a combined sale and may consider a leaseback for B-1 through the end of June.
Key Highlights
- 1,440 SF unit with 16' ceilings
- 18x14 overhead garage door with keypad opener
- Individual electric panel and wall‑mounted electric heater
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
$21,195
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
6.14%
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%
$423,900
$423.9K
Cap Rate 7%
$302,786
$302.8K
Cap Rate 9%
$235,500
$235.5K
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
−$3.7K −$2.60/SF
NOI
$21.2K $14.72/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
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%
$423,900
Cap Rate 7%
$302,786
Cap Rate 9%
$235,500
Alternative Uses
Best Use
Warehouse
$302.8K
$264.9K – $353.3K
NOI $21,195 @ 7.0% cap · market cap 6.14%
Second Best
Flex RnD
$257.2K
$225.1K – $300.1K
NOI $18,005 @ 7.0% cap · market cap 5.22%
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
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated commercial storage condominium with rear access, individual power, and shared meeting facilities.
Where is this flex space 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 SF unit with 16' ceilings; 18x14 overhead garage door with keypad opener; Individual electric panel and wall‑mounted electric heater
