Flex Space with Warehouse
For Sale
$320,000
284 N Main Street, Brighton, CO 80601
Commercial-2 zoning accompanies offices, reception, bathrooms, warehouse, and storage areas.
Property Size1,440 SF
Price / SF$228.57
Days on Market10
Property Features for 284 N Main Street
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial-2
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$3,877
Amenities
private offices
reception area
bathrooms
warehouse area
storage room
Building Details
Building Size
1,440 SF
Year Built
1917
Buildings
1
Units
1
Construction
stucco
Listing Agency:
HomeSmart
(303) 669-6444
Listed By:
Sue Merich
(303) 669-6444
Source:
Coloradopartners
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 11:14PM
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 HomeSmart
Investment Insights
Based on property information with market context.
Built in 1917, this 1,400-square-foot flex property combines two private offices with a reception area, two bathrooms, a warehouse area, and a separate storage room. The building is configured for both administrative and storage-oriented operations within one compact commercial facility.
A security-fenced private parking area accommodates 10+ vehicles, with a cement surface designed for straightforward upkeep. Recent property improvements include a newer roof, swamp cooler, stucco, vinyl siding, and rock exterior elements. The property is located at 284 N Main Street in Brighton, Colorado, and carries Commercial-2 zoning. Contents are available separately.
A security-fenced private parking area accommodates 10+ vehicles, with a cement surface designed for straightforward upkeep. Recent property improvements include a newer roof, swamp cooler, stucco, vinyl siding, and rock exterior elements. The property is located at 284 N Main Street in Brighton, Colorado, and carries Commercial-2 zoning. Contents are available separately.
Key Highlights
- 1,400‑square‑foot flex property with office, reception, warehouse, and storage areas
- Two private offices and two bathrooms
- Security‑fenced private parking area for 10+ vehicles
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
$17,861
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
5.58%
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%
$357,220
$357.2K
Cap Rate 7%
$255,157
$255.2K
Cap Rate 9%
$198,456
$198.5K
Market Conditions
NOI Build-Up for 1,400 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
$25.2K $18.00/SF
− Vacancy
−$1.4K −$0.99/SF
EGI
$23.8K $17.01/SF
− OpEx
−$6.0K −$4.25/SF
NOI
$17.9K $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%
$357,220
Cap Rate 7%
$255,157
Cap Rate 9%
$198,456
Alternative Uses
Best Use
Office B
$255.2K
$223.3K – $297.7K
NOI $17,861 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$223.1K
$195.2K – $260.3K
NOI $15,617 @ 7.0% cap · market cap 4.88%
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
353
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
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?
Flex space - Commercial-2 zoning accompanies offices, reception, bathrooms, warehouse, and storage areas.
Where is this flex space located?
The property is located at 284 N Main Street Brighton, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,400‑square‑foot flex property with office, reception, warehouse, and storage areas; Two private offices and two bathrooms; Security‑fenced private parking area for 10+ vehicles
