Industrial Flex Space with Fenced
New
For Sale
$3,925,000
1740 Skyway Drive #1, Longmont, CO 80504
Six suites are fully leased on long-term NNN terms, with warehouse and office areas in each unit.
Property Size20,000 SF
Price / SF$171.80
Days on Market2
Property Features for 1740 Skyway Drive #1
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Commercial
Occupancy
100%
Financials
Asking Price
$3,925,000
Cap Rate
6.36%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Year Built
2000
Buildings
1
Building Size
20,000 SF
Tenancy
Multi
Listing Agency:
Real Broker, LLC Dba Real
Listed By:
Greg Smith
(303) 543-5720
Source:
Coloradohomesource
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:54AM
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
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Investment Insights
Based on property information with market context.
This six-suite flex property combines warehouse and office space, with each unit allocated approximately 80% to warehouse and 20% to office. Building features include 16'-18' clear heights, 12' grade-level overhead doors, 6" reinforced concrete floors, full sprinkler coverage, and S1-rated fire walls. Each suite has 200 amps of three-phase power, and a fenced exterior storage yard is included.
The property is in Vista View Business Park in Longmont, Colorado. All six suites are occupied under long-term triple net leases. The current cap rate is 6.36%, with a pro forma cap rate of 6.50%.
The property is in Vista View Business Park in Longmont, Colorado. All six suites are occupied under long-term triple net leases. The current cap rate is 6.36%, with a pro forma cap rate of 6.50%.
Key Highlights
- Six occupied suites under long‑term NNN leases
- Approximately 80% warehouse and 20% office space in each suite
- 16'-18' clear heights and 12' grade‑level overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,843
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,096,860
$5.1M
Cap Rate 7%
$3,640,614
$3.6M
Cap Rate 9%
$2,831,589
$2.8M
Market Conditions
NOI Build-Up for 22,846 SF
Gross rent
$326.2K $14.28/SF
− Vacancy
−$26.4K −$1.16/SF
EGI
$299.8K $13.12/SF
− OpEx
−$45.0K −$1.97/SF
NOI
$254.8K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,096,860
Cap Rate 7%
$3,640,614
Cap Rate 9%
$2,831,589
Alternative Uses
Best Use
Warehouse
$3.64M
$3.19M – $4.25M
NOI $254,843 @ 7.0% cap · market cap 6.49%
Second Best
Industrial
$2.91M
$2.55M – $3.39M
NOI $203,699 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office B
$4.16M
$3.64M – $4.86M
NOI $291,458 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Six suites are fully leased on long-term NNN terms, with warehouse and office areas in each unit.
Where is this flex space located?
The property is located at 1740 Skyway Drive #1 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 occupied suites under long‑term NNN leases; Approximately 80% warehouse and 20% office space in each suite; 16'-18' clear heights and 12' grade‑level overhead doors
