Storage Condo with Rear
For Sale
$225,000
1725 Majestic Drive #B2, Lafayette, CO 80026
960 SF storage condo with 16' ceilings and rear access.
Property Size960 SF
Lot Size0.02 Acres
Price / SF$234.38
Days on Market270
Property Features for 1725 Majestic Drive #B2
General Information
Standard status
Active
Size
960 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,288
Amenities
Metal Roof
RV Garage
110V
Asphalt
Building Details
Year Built
2016
Listing Agency:
REAL BROKER, LLC DBA REAL
(720) 807-2890
Listed By:
ADAM KEMP
Source:
Corcoran
Added: Nov 24, 2025
Changed: Aug 21
Last Checked: Aug 21 at 7:38AM
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 960 square foot storage condo is available now within Own It Storage. The unit, approximately 16x60, features 16' ceilings, a 10x14 overhead garage door with keypad opener, and a concrete floor. It includes an individual electric panel and a wall-mounted electric heater. The unit also has two-man doors, with a rear door providing access to open space and the Coal Creek Trail. The community offers 24-hour access, a gated entrance, and shared restroom and meeting room facilities. The property is suitable for business storage, RV storage, hobbies, car storage, and more. Unit B-1 next door is also on the market. Unit B-1 is listed for $355,000 (1,440 sq ft) and will be available for occupancy on July 1st. Unit B-1 has a sink inside the Unit, and a sewer dump station. The wall in between B-1 and B-2 can be removed easily creating a 2,440 square foot unit. The seller is interested in selling units together and would entertain a lease back until the end of June for Unit B-1.
Key Highlights
- 960 sq ft storage condo with 16' ceilings and 10x14 overhead garage door.
- 24hr access, gated entrance, common restroom and meeting room.
- Rear door access to open space and Coal Creek Trail.
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
$11,636
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
5.17%
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%
$232,720
$232.7K
Cap Rate 7%
$166,229
$166.2K
Cap Rate 9%
$129,289
$129.3K
Market Conditions
NOI Build-Up for 960 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
$17.3K $18.00/SF
− Vacancy
−$657 −$0.68/SF
EGI
$16.6K $17.32/SF
− OpEx
−$5.0K −$5.19/SF
NOI
$11.6K $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%
$232,720
Cap Rate 7%
$166,229
Cap Rate 9%
$129,289
Alternative Uses
Best Use
Industrial
$166.2K
$145.5K – $193.9K
NOI $11,636 @ 7.0% cap · market cap 5.17%
Second Best
Self Storage
$131.3K
$114.9K – $153.2K
NOI $9,193 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 9.01%
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - 960 SF storage condo with 16' ceilings and rear access.
Where is this self storage facility located?
The property is located at 1725 Majestic Drive #B2 Lafayette, CO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 960 sq ft storage condo with **16' ceilings** and **10x14 overhead garage door.**; 24hr access, gated entrance, common restroom and meeting room.; Rear door access to open space and Coal Creek Trail.
