Flex Warehouse with Office
For Sale
Contact for pricing
3002 Sterling Cir, Boulder, CO 80301
Flex warehouse offers drive-in access, 16’ clear height, and office space with conference rooms and deck.
Property Size12,880 SF
Price / SF$375
Days on Market431
Property Features for 3002 Sterling Cir
General Information
Standard status
Active
Size
12,880 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Clear Height
16 ft
Amenities
conference rooms
small meeting rooms
kitchen
large private deck
private locker rooms with showers
solar
potential for exterior building signage
Building Details
Stories
2
Listing Agency:
Gibbons-White, Inc.
(303) 586-5930
Listed By:
Chris Boston · License #IR.040026406
(303) 586-5930
Source:
Moodyscre
Added: May 28, 2025
Changed: Jul 26
Last Checked: Aug 1 at 3:57AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This flex warehouse property presents a strong owner-user setup with space configured at approximately 70% office and 30% flex/warehouse. The office is on the entire second floor, featuring a mostly open layout plus several conference rooms, small meeting rooms, a kitchen, and a large private deck. The office also includes tall, exposed ceilings and large windows wrapping the space.
The first-floor warehouse component is designed for operational use with drive-in door access, 16’ clear height, production rooms, and private locker rooms with showers. The building is also equipped with solar, and the savings are passed on to tenants.
The offering is described as an excellent opportunity to occupy up to 9,796 SF, with potential to expand into an additional 3,083 SF, subject to tenant lease timing. Exterior visibility is noted along Valmont Rd, with potential for exterior building signage, supporting branding for an operating company in Boulder, CO.
The first-floor warehouse component is designed for operational use with drive-in door access, 16’ clear height, production rooms, and private locker rooms with showers. The building is also equipped with solar, and the savings are passed on to tenants.
The offering is described as an excellent opportunity to occupy up to 9,796 SF, with potential to expand into an additional 3,083 SF, subject to tenant lease timing. Exterior visibility is noted along Valmont Rd, with potential for exterior building signage, supporting branding for an operating company in Boulder, CO.
Key Highlights
- Owner‑user option: occupy up to 9,796 SF, with potential to expand to the full 12,880 SF building
- First‑floor warehouse includes drive‑in door access and 16’ clear height, plus production rooms and private locker rooms with showers
- Office layout is mostly open with conference rooms, small meeting rooms, kitchen, and a large private deck
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $340.0k | $26.40 |
| − Vacancy | −$98.6k | −$7.66 |
| EGI | $241.4k | $18.74 |
| − OpEx | −$60.4k | −$4.69 |
| NOI | $181.1k | $14.06 |
12,880 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.26M – $3.02M
NOI $181,067 @ 7.0% cap · market cap 3.75%
Second Best
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,449 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,669 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse offers drive-in access, 16’ clear height, and office space with conference rooms and deck.
Where is this flex space located?
The property is located at 3002 Sterling Cir Boulder, CO.
What is the asking price?
The asking price for this property is $4,830,000.
What are key features of this property?
This property features: Owner‑user option: occupy up to 9,796 SF, with potential to expand to the full 12,880 SF building; First‑floor warehouse includes drive‑in door access and 16’ clear height, plus production rooms and private locker rooms with showers; Office layout is mostly open with conference rooms, small meeting rooms, kitchen, and a large private deck
