Warehouse with Drive-In
For Sale
Contact for pricing
3000-3100 Airport Dr, Erie, CO 80516
Industrial warehouse space with substantial clear height, fire protection, and airport-area access.
Property Size6,250 SF
Price / SF$285
Days on Market11
Property Features for 3000-3100 Airport Dr
General Information
Standard status
Active
Size
6,250 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Sprinkler System
Yes
Listing Agency:
Colliers - Denver
(303) 888-1644
Listed By:
TJ Smith, SIOR
(303) 888-1644
Source:
Moodyscre
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 2:54PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
Building A at 3000-3100 Airport Dr provides 6,250 square feet of warehouse space in Erie, Colorado. The facility offers clear heights ranging from 18 to 24 feet and includes oversized drive-in doors measuring 44 feet by 16 feet for equipment and material movement.
An ESFR sprinkler system is installed, and the property is located near the airport. The building also includes high-end interior finishes throughout.
An ESFR sprinkler system is installed, and the property is located near the airport. The building also includes high-end interior finishes throughout.
Key Highlights
- 6,250‑square‑foot warehouse building
- 18’-24’ clear height
- Oversized drive‑in doors measuring 44’ x 16’
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
$91,991
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
5.16%
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%
$1,839,820
$1.8M
Cap Rate 7%
$1,314,157
$1.3M
Cap Rate 9%
$1,022,122
$1.0M
Market Conditions
NOI Build-Up for 6,250 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
$112.5K $18.00/SF
− Vacancy
−$4.3K −$0.68/SF
EGI
$108.2K $17.32/SF
− OpEx
−$16.2K −$2.60/SF
NOI
$92.0K $14.72/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /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%
$1,839,820
Cap Rate 7%
$1,314,157
Cap Rate 9%
$1,022,122
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,991 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,000 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80516, CO
34,376
Population
13,163
Households
2.6
Avg Household Size
37
Median Age
64%
College-Educated
97%
High-School Grad
40.5 sq mi
ZIP Area
849
Density / Sq Mi
$160,590
Median Household Income
$75,277
Median Earnings
$2,718
Median Rent
$683,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- CubeSmart Self Storage — 1401 E County Line Rd, Erie, CO 80516
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse space with substantial clear height, fire protection, and airport-area access.
Where is this warehouse located?
The property is located at 3000-3100 Airport Dr Erie, CO.
What is the asking price?
The asking price for this property is $1,781,250.
What are key features of this property?
This property features: 6,250‑square‑foot warehouse building; 18’-24’ clear height; Oversized drive‑in doors measuring 44’ x 16’
