Flex Space with
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30735 Bryant Drive Suite 605, Evergreen, CO 80439
Commercial condo with a full kitchen, two bathrooms, and an overhead garage door.
Property Size1,450 SF
Price / SF$226.90
Days on Market13
Property Features for 30735 Bryant Drive Suite 605
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Retail
Zoning
I
Warehouse & Industrial
Mezzanine
450 SF
Drive-In Doors
1
Amenities
soundproof studio
mountain and Evergreen views
Building Details
Year Built
2004
Year Renovated
2020
Units
1
Listing Agency:
eXp Realty
Listed By:
lester colodny · License #IA40036159
Source:
Crexi
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 21 at 2:05PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This commercial condo provides an adaptable flex-space configuration with a large open work area, a full professional-grade kitchen, two full bathrooms, and custom finishes. A mezzanine/loft of approximately 450 square feet adds another level of usable space, with an interior balcony overlooking the main area. The upper bathroom suite includes a custom shower and Jacuzzi tub. An overhead garage door supports convenient access for parking, deliveries, equipment, or larger items. A custom soundproof room, formerly used as a music studio, offers a dedicated enclosed area within the property.
The property includes mountain and Evergreen views and was built in 2004. Its layout and existing improvements support a range of business, creative, showroom, office, workshop, storage, and owner-user applications, subject to applicable use regulations.
The property includes mountain and Evergreen views and was built in 2004. Its layout and existing improvements support a range of business, creative, showroom, office, workshop, storage, and owner-user applications, subject to applicable use regulations.
Key Highlights
- Approximately 450 SF mezzanine/loft with interior balcony
- Full professional‑grade kitchen with high‑end appliances
- Two full bathrooms, including an upstairs suite with custom shower and Jacuzzi tub
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
$19,540
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
5.94%
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%
$390,800
$390.8K
Cap Rate 7%
$279,143
$279.1K
Cap Rate 9%
$217,111
$217.1K
Market Conditions
NOI Build-Up for 1,450 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
$29.4K $20.28/SF
− Vacancy
−$3.4K −$2.31/SF
EGI
$26.1K $17.97/SF
− OpEx
−$6.5K −$4.49/SF
NOI
$19.5K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$390,800
Cap Rate 7%
$279,143
Cap Rate 9%
$217,111
Alternative Uses
Best Use
Office B
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 5.94%
Second Best
Flex RnD
$173.9K
$152.2K – $202.9K
NOI $12,174 @ 7.0% cap · market cap 3.70%
Theoretical Best
Multifamily LT 5
$3.23M
$2.82M – $3.76M
NOI $225,874 @ 7.0% cap · market cap 68.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80439, CO
24,711
Population
11,137
Households
2.2
Avg Household Size
49
Median Age
71%
College-Educated
98%
High-School Grad
168.8 sq mi
ZIP Area
146
Density / Sq Mi
$152,156
Median Household Income
$67,162
Median Earnings
$1,870
Median Rent
$838,000
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 - Commercial condo with a full kitchen, two bathrooms, and an overhead garage door.
Where is this flex space located?
The property is located at 30735 Bryant Drive Suite 605 Evergreen, CO.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Approximately 450 SF mezzanine/loft with interior balcony; Full professional‑grade kitchen with high‑end appliances; Two full bathrooms, including an upstairs suite with custom shower and Jacuzzi tub
