Industrial Condo with Existing
For Sale
$375,000
266 Basher Dr 1, Berthoud, CO 80513
The lease runs through November 30, 2028, with no renewal option.
Property Size1,953 SF
Price / SF$192.01
Days on Market10
Property Features for 266 Basher Dr 1
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Industrial
Additional Details
Gross Income
$40,800
Taxes and HOA fees
Annual Taxes
$12,734
Building Details
Building Size
1,953 SF
Year Built
2005
Listing Agency:
The Group, Inc. - Horsetooth
Listed By:
Rhett Strom · License #IREP22798
(970) 692-4454
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 16 at 9:43AM
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 Group, Inc. - Horsetooth
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Investment Insights
Based on property information with market context.
This 1,953-square-foot industrial condominium was built in 2005 and is subject to an existing gross lease through November 30, 2028. The lease has no renewal option, with occupancy available in 2028 after its scheduled expiration.
Key Highlights
- 1,953‑square‑foot industrial condominium
- Built in 2005
- Gross lease runs through 11/30/28 with no renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,318
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,360
$346.4K
Cap Rate 7%
$247,400
$247.4K
Cap Rate 9%
$192,422
$192.4K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$27.1K $13.86/SF
− Vacancy
−$2.3K −$1.19/SF
EGI
$24.7K $12.67/SF
− OpEx
−$7.4K −$3.80/SF
NOI
$17.3K $8.87/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,360
Cap Rate 7%
$247,400
Cap Rate 9%
$192,422
Alternative Uses
Best Use
Industrial
$247.4K
$216.5K – $288.6K
NOI $17,318 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.2K
$458.7K – $611.6K
NOI $36,695 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - The lease runs through November 30, 2028, with no renewal option.
Where is this industrial property located?
The property is located at 266 Basher Dr 1 Berthoud, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,953‑square‑foot industrial condominium; Built in 2005; Gross lease runs through 11/30/28 with no renewal option
