Industrial Flex Condo
For Sale
$330,000
332 Norfolk St #H, Aurora, CO 80011
Flex layout pairs front office with clear-height warehouse space and secure fenced outdoor storage for light industrial and service use.
Property Size1,500 SF
Price / SF$220
Days on Market136
Property Features for 332 Norfolk St #H
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial - Flex - Industrial
Zoning
I-1
Site & Location
Neighborhood
Kirkegaard Acres
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
1
Building Details
Building Size
1,500 SF
Year Built
1999
Listing Agency:
NavPoint Real Estate Group
Listed By:
Matt Call · License #100011543
(303) 513-8189
Source:
Commercialcafe
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 28 at 5:01AM
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 NavPoint Real Estate Group
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Investment Insights
Based on property information with market context.
This 1,500 SF industrial/flex condominium unit combines front-loaded office space (approximately 25%) with rear warehouse space, supported by practical, operations-focused layout. Built in 1999, the unit includes 13' clear heights and one grade-level overhead door for day-to-day loading and movement. In addition to the indoor space, there is approximately 1,700 SF of secure, fenced outdoor storage, providing dedicated room for materials, equipment, or other operational needs that benefit from outdoor access.
Located at 332 Norfolk Street, Suite G, in Aurora, CO, the property is zoned I-1 (Business/Tech District). The unit is part of a flexible condominium offering that may suit a range of trade-oriented operators seeking both indoor capacity and fenced yard space for storage.
For owner-users, this configuration supports companies that need a mix of customer-facing or administrative space and functional warehouse area in the same footprint. The secure outdoor yard can help streamline storage and workflows for light industrial, service, and storage operations. For tenants or buyers needing more space, Units G and H are two identical, side-by-side units that may be purchased together for approximately 3,000 contiguous SF, along with expanded secured yard areas.
Located at 332 Norfolk Street, Suite G, in Aurora, CO, the property is zoned I-1 (Business/Tech District). The unit is part of a flexible condominium offering that may suit a range of trade-oriented operators seeking both indoor capacity and fenced yard space for storage.
For owner-users, this configuration supports companies that need a mix of customer-facing or administrative space and functional warehouse area in the same footprint. The secure outdoor yard can help streamline storage and workflows for light industrial, service, and storage operations. For tenants or buyers needing more space, Units G and H are two identical, side-by-side units that may be purchased together for approximately 3,000 contiguous SF, along with expanded secured yard areas.
Key Highlights
- ±1,500 SF industrial/flex condominium unit with front‑loaded office (~25%) and rear warehouse space
- 13' clear heights with one grade‑level overhead door
- Includes approx. ±1,700 SF secure, fenced outdoor storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,530
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,600
$290.6K
Cap Rate 7%
$207,571
$207.6K
Cap Rate 9%
$161,444
$161.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$18.5K $12.36/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$17.1K $11.40/SF
− OpEx
−$2.6K −$1.71/SF
NOI
$14.5K $9.69/SF
Area
ZIP 80011
Vacancy
7.80%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,600
Cap Rate 7%
$207,571
Cap Rate 9%
$161,444
Alternative Uses
Best Use
Warehouse
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$169.6K
$148.4K – $197.9K
NOI $11,875 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80011, CO
54,254
Population
19,108
Households
2.8
Avg Household Size
32
Median Age
19%
College-Educated
76%
High-School Grad
20.4 sq mi
ZIP Area
2,660
Density / Sq Mi
$69,719
Median Household Income
$36,853
Median Earnings
$1,607
Median Rent
$367,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex layout pairs front office with clear-height warehouse space and secure fenced outdoor storage for light industrial and service use.
Where is this flex space located?
The property is located at 332 Norfolk St #H Aurora, CO.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: ±1,500 SF industrial/flex condominium unit with front‑loaded office (~25%) and rear warehouse space; 13' clear heights with one grade‑level overhead door; Includes approx. ±1,700 SF secure, fenced outdoor storage area
