Longmont Flex Space For
For Sale
$1,159,000
1920 Pike Rd, Longmont, CO 80501
Stand-alone building in SW Longmont, ideal for owner-user.
Property Size5,040 SF
Price / SF$229.96
Days on Market145
Property Features for 1920 Pike Rd
General Information
Standard status
Active
Size
5,040 SF
Building Details
Year Built
1984
Listing Agency:
The Colorado Group
Listed By:
Jason Kruse · License #ER.040003091
(303) 449-2131
Source:
Thestrohmangroup
Added: Apr 24
Changed: Sep 6
Last Checked: Sep 14 at 3:10PM
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 The Colorado Group
Investment Insights
Based on property information with market context.
This stand-alone building, situated in Southwest Longmont, is suitable for an owner-user. The property features full HVAC and the possibility of grade-level overhead door loading. On-site parking is available. The location has a bike score of 73, indicating it is very bikeable, a walk score of 47, indicating car-dependent surroundings, and a transit score of 32, suggesting some transit options.
Key Highlights
- Stand‑alone building ideal for owner‑user.
- Enjoy 100% HVAC coverage.
- Extensive build‑out already in place.
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
$44,938
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
3.88%
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%
$898,760
$898.8K
Cap Rate 7%
$641,971
$642.0K
Cap Rate 9%
$499,311
$499.3K
Market Conditions
NOI Build-Up for 5,040 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
$69.6K $13.80/SF
− Vacancy
−$5.4K −$1.06/SF
EGI
$64.2K $12.74/SF
− OpEx
−$19.3K −$3.82/SF
NOI
$44.9K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /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%
$898,760
Cap Rate 7%
$641,971
Cap Rate 9%
$499,311
Alternative Uses
Best Use
Industrial
$642.0K
$561.7K – $749.0K
NOI $44,938 @ 7.0% cap · market cap 3.88%
Second Best
Flex RnD
$596.1K
$521.6K – $695.5K
NOI $41,728 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office B
$918.5K
$803.7K – $1.07M
NOI $64,298 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Stand-alone building in SW Longmont, ideal for owner-user.
Where is this flex space located?
The property is located at 1920 Pike Rd Longmont, CO.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: Stand‑alone building ideal for owner‑user.; Enjoy 100% HVAC coverage.; Extensive build‑out already in place.
