Industrial Flex Office
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1822 Skyway Drive Unit L, Longmont, CO 80504
Office space designated for Industrial Flex use in a standalone unit configuration.
Property Size2,040 SF
Price / SF$215.69
Days on Market5
Property Features for 1822 Skyway Drive Unit L
General Information
Standard status
Active
Size
2,040 SF
Class
C
Property subtype
Office, Industrial
Zoning
Industrial Flex
Building Details
Year Built
2000
Listing Agency:
Prime Commercial Real Estate
Listed By:
Nelson Miner · License #CO FA.001311382
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 9:05PM
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 Prime Commercial Real Estate
Investment Insights
Based on property information with market context.
Unit L at 1822 Skyway Drive provides 2,040 square feet of office space within an Industrial Flex-zoned property. The building was constructed in 2000, offering an established commercial setting for office occupancy in Longmont, Colorado.
Key Highlights
- 2,040 square feet of office space
- Industrial Flex zoning
- Unit L at 1822 Skyway Drive
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
$26,025
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
5.91%
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%
$520,500
$520.5K
Cap Rate 7%
$371,786
$371.8K
Cap Rate 9%
$289,167
$289.2K
Market Conditions
NOI Build-Up for 2,040 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
$36.7K $18.00/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$34.7K $17.01/SF
− OpEx
−$8.7K −$4.25/SF
NOI
$26.0K $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%
$520,500
Cap Rate 7%
$371,786
Cap Rate 9%
$289,167
Alternative Uses
Best Use
Office B
$371.8K
$325.3K – $433.8K
NOI $26,025 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
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?
Office units - Office space designated for Industrial Flex use in a standalone unit configuration.
Where is this office units located?
The property is located at 1822 Skyway Drive Unit L Longmont, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,040 square feet of office space; Industrial Flex zoning; Unit L at 1822 Skyway Drive
