Industrial Condo with In-Place
New
For Sale
$375,000
266 Basher Dr #1, Berthoud, CO 80513
The current gross lease ends November 30, 2028, and includes no renewal option.
Property Size1,953 SF
Price / SF$192.01
Days on Market3
Property Features for 266 Basher Dr #1
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Commercial
Additional Details
Gross Income
$40,800
Building Details
Year Built
2005
Listing Agency:
Group Harmony
Listed By:
Rhett Strom · License #IREP22798
(970) 229-0700
Source:
Downtownre
Added: Oct 7
Last Checked: Oct 7 at 2:03PM
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 Group Harmony
Investment Insights
Based on property information with market context.
This 1,953-square-foot industrial condominium at 266 Basher Dr #1 in Berthoud was built in 2005. It is currently leased on a gross basis through November 30, 2028, with no renewal option.
Key Highlights
- 1,953 SF industrial condominium
- Gross lease runs through 11/30/28
- Lease has 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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - The current gross lease ends November 30, 2028, and includes 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 SF industrial condominium; Gross lease runs through 11/30/28; Lease has no renewal option
