Drive-Through Industrial Condo
For Sale
$519,000
1925 Deer Creek Road #B103, Monument, CO 80132
2019-built small-bay industrial condo with pull-through access and overhead doors at both ends.
Property Size1,810 SF
Price / SF$286.74
Days on Market160
Property Features for 1925 Deer Creek Road #B103
General Information
Standard status
Active
Size
1,810 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
2
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$1,015
Building Details
Building Size
1,810 SF
Year Built
2019
Units
2
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Dawn Green
(303) 503-2650
Source:
Coloradopartners
Added: Mar 29
Changed: Sep 4
Last Checked: Aug 23 at 4:24AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 2019-built industrial condo is configured for true drive-through operations, combining two contiguous units (B103 and B118) into one functional small-bay space. The layout is designed for seamless pull-through access from one side of the building to the other, with overhead doors at both the front and rear. Improvements include 18' clear height, LED lighting, electric unit heaters, and 3-phase power. The building is non-sprinklered, and buyers should verify any specific use requirements. The space is also described as mezzanine-capable for additional usable area.
The property is located in Deer Creek business park in Monument, just off I-25 along the Frontage Road. It provides access to regional routes including Highway 105 and Baptist Road and is positioned for connectivity between the Denver and Colorado Springs markets.
For buyers, the offering is an ownership opportunity in a modern flex/industrial condominium setting, with the combined-unit configuration supporting operations that benefit from efficient vehicle flow and trailer access. Units may also be leased; contact the broker for details.
The property is located in Deer Creek business park in Monument, just off I-25 along the Frontage Road. It provides access to regional routes including Highway 105 and Baptist Road and is positioned for connectivity between the Denver and Colorado Springs markets.
For buyers, the offering is an ownership opportunity in a modern flex/industrial condominium setting, with the combined-unit configuration supporting operations that benefit from efficient vehicle flow and trailer access. Units may also be leased; contact the broker for details.
Key Highlights
- Two contiguous industrial condo units (B103 + B118) combined for approx. 1,810 SF of small‑bay space with pull‑through access from front to rear
- 18' clear height with overhead doors at both the front and rear of the space for flexible vehicle movement and trailer access
- 3‑phase power, LED lighting, and electric unit heaters included
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
$17,032
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
3.28%
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%
$340,640
$340.6K
Cap Rate 7%
$243,314
$243.3K
Cap Rate 9%
$189,244
$189.2K
Market Conditions
NOI Build-Up for 1,810 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
$21.0K $11.58/SF
− Vacancy
−$922 −$0.51/SF
EGI
$20.0K $11.07/SF
− OpEx
−$3.0K −$1.66/SF
NOI
$17.0K $9.41/SF
Area
El Paso County, CO
Vacancy
4.40%
Lease Rate
$11.58 /SF/Yr
Expense Ratio
15.00%
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%
$340,640
Cap Rate 7%
$243,314
Cap Rate 9%
$189,244
Alternative Uses
Best Use
Warehouse
$243.3K
$212.9K – $283.9K
NOI $17,032 @ 7.0% cap · market cap 3.28%
Second Best
Flex RnD
$186.1K
$162.8K – $217.1K
NOI $13,024 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$24.14M
$21.12M – $28.16M
NOI $1,689,508 @ 7.0% cap · market cap 325.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80132, CO
27,533
Population
10,413
Households
2.6
Avg Household Size
44
Median Age
58%
College-Educated
98%
High-School Grad
39.9 sq mi
ZIP Area
690
Density / Sq Mi
$155,176
Median Household Income
$62,826
Median Earnings
$2,134
Median Rent
$700,900
Median Home Value
Market
Vacancy Rate% for Industrial 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 - 2019-built small-bay industrial condo with pull-through access and overhead doors at both ends.
Where is this flex space located?
The property is located at 1925 Deer Creek Road #B103 Monument, CO.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two contiguous industrial condo units (B103 + B118) combined for approx. 1,810 SF of small‑bay space with pull‑through access from front to rear; 18' clear height with overhead doors at both the front and rear of the space for flexible vehicle movement and trailer access; 3‑phase power, LED lighting, and electric unit heaters included
