Industrial Flex Condo
New
For Sale
$3,925,000
1740 Skyway Drive #1-8, Longmont, CO 80504
Single-story industrial building combines warehouse and office areas with fenced exterior storage.
Property Size20,000 SF
Days on Market3
Property Features for 1740 Skyway Drive #1-8
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
16,000 SF
Office Build-Out
4,000 SF
Power
200 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Cold Storage
No
Building Details
Building Size
20,000 SF
Year Built
1999
Buildings
1
Stories
1
Construction
Cinder Block
Abandoned
No
Listing Agency:
Pinnacle Real Estate Advisors
(719) 651-8495
Listed By:
Jim Knowlton · License #FA100032419
(719) 651-8495
Source:
Pinnaclerea
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 3:57AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This industrial flex condo package includes six contiguous suites totaling 20,000 SF within a single-story cinder block building. Suite sizes range from 2,500 to 5,000 SF, with approximately 80% warehouse area and 20% office space. The property was constructed in 1999 and features a standing seam metal roof covered by a 15-year warranty. Building specifications include 16’–18’ clear heights, 12’ grade-level overhead doors, 6” reinforced concrete floors, full sprinkler coverage, S1-rated fire walls, and 200 amps of three-phase power per unit.
The property includes a fenced exterior storage yard and is located in Vista View Business Park at 1740 Skyway Drive in Longmont, Colorado. Its combination of contiguous industrial suites, office buildout, warehouse capacity, and dedicated outdoor storage provides a consolidated flex-space configuration within the business park.
The property includes a fenced exterior storage yard and is located in Vista View Business Park at 1740 Skyway Drive in Longmont, Colorado. Its combination of contiguous industrial suites, office buildout, warehouse capacity, and dedicated outdoor storage provides a consolidated flex-space configuration within the business park.
Key Highlights
- Six contiguous industrial flex suites totaling 20,000 SF
- Suite sizes range from 2,500 to 5,000 SF
- Approximately 80% warehouse and 20% office space
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
$255,150
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
6.50%
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%
$5,103,000
$5.1M
Cap Rate 7%
$3,645,000
$3.6M
Cap Rate 9%
$2,835,000
$2.8M
Market Conditions
NOI Build-Up for 20,000 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
$360.0K $18.00/SF
− Vacancy
−$19.8K −$0.99/SF
EGI
$340.2K $17.01/SF
− OpEx
−$85.1K −$4.25/SF
NOI
$255.2K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$5,103,000
Cap Rate 7%
$3,645,000
Cap Rate 9%
$2,835,000
Alternative Uses
Best Use
Office B
$3.64M
$3.19M – $4.25M
NOI $255,150 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$3.19M
$2.79M – $3.72M
NOI $223,096 @ 7.0% cap · market cap 5.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Single-story industrial building combines warehouse and office areas with fenced exterior storage.
Where is this flex space located?
The property is located at 1740 Skyway Drive #1-8 Longmont, CO.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: Six contiguous industrial flex suites totaling 20,000 SF; Suite sizes range from 2,500 to 5,000 SF; Approximately 80% warehouse and 20% office space
