Erie Flex Space For
3000 Airport Drive #311, Erie, CO 80516
For Sale
$596,000
2,500 sqft flex space with forced air heat.
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$238.40
Days on Market661
Property Features for 3000 Airport Drive #311
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
110V
220 Volts
440 Volts
Phase 3
Single Phase
Building Details
Year Built
Listing Agency:
MOUNTAIN EAST REAL ESTATE
(303) 828-2800
Listed By:
DEBORAH KLEPPE · License #100018113
Source:
Corcoran
Added: Jan 18, 2025
Changed: Aug 8
Last Checked: Aug 11 at 8:52AM
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 MOUNTAIN EAST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 2,500 square foot flex space features forced air heat and a 50-foot door. The property is a shell, offering the opportunity to customize the space to specific needs.
Key Highlights
- 50x50 Shell: Large, open space provides flexibility for various uses.
- 50 Foot Door: Facilitates easy access for large equipment or vehicles.
- Forced Air Heat: Provides efficient and comfortable heating.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,290
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,800
$445.8K
Cap Rate 7%
$318,429
$318.4K
Cap Rate 9%
$247,667
$247.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$34.5K $13.80/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$31.8K $12.74/SF
− OpEx
−$9.6K −$3.82/SF
NOI
$22.3K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,800
Cap Rate 7%
$318,429
Cap Rate 9%
$247,667
Alternative Uses
Best Use
Industrial
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 3.74%
Second Best
Flex RnD
$295.7K
$258.7K – $345.0K
NOI $20,698 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office B
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
$683,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Weld County, CO
Properties on Market for Flex space in Weld County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - 2,500 sqft flex space with forced air heat.
Where is this flex space located?
The property is located at 3000 Airport Drive #311 Erie, CO.
What is the asking price?
The asking price for this property is $596,000.
What are key features of this property?
This property features: 50x50 Shell: Large, open space provides flexibility for various uses.; 50 Foot Door: Facilitates easy access for large equipment or vehicles.; Forced Air Heat: Provides efficient and comfortable heating.
