Erie Flex Space on
3000 Airport Drive #406, Erie, CO 80516
For Sale
$1,490,000
Flex space with fantastic finishes located on Airport Drive.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$298
Days on Market661
Property Features for 3000 Airport Drive #406
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 15 at 3:49AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex space is located on Airport Drive. The property features notable finishes and ample power. A video walkthrough is available.
Key Highlights
- Fantastic finishes throughout
- Right on Airport Drive location
- Lots of power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,581
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,620
$891.6K
Cap Rate 7%
$636,871
$636.9K
Cap Rate 9%
$495,344
$495.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$69.0K $13.80/SF
− Vacancy
−$5.3K −$1.06/SF
EGI
$63.7K $12.74/SF
− OpEx
−$19.1K −$3.82/SF
NOI
$44.6K $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%
$891,620
Cap Rate 7%
$636,871
Cap Rate 9%
$495,344
Alternative Uses
Best Use
Industrial
$636.9K
$557.3K – $743.0K
NOI $44,581 @ 7.0% cap · market cap 2.99%
Second Best
Flex RnD
$591.4K
$517.5K – $690.0K
NOI $41,397 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office B
$911.3K
$797.4K – $1.06M
NOI $63,788 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$683,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Flex space with fantastic finishes located on Airport Drive.
Where is this flex space located?
The property is located at 3000 Airport Drive #406 Erie, CO.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Fantastic finishes throughout; Right on Airport Drive location; Lots of power
