Building Details

Year Built 2021

Listing Agency: RE/MAX NEXUS

Listed By: ABBY RENNER · License #ER40029855 Show Phone

Source: Corcoran

Added: May 31 Changed: Oct 28 Last Checked: Nov 3 at 6:46AM

Report an Issue

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 RE/MAX NEXUS

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2021 flex space garage condo combines a durable work area with additional finished space above. The unit includes 1300 SF plus a 390 SF mezzanine with laminate flooring, epoxy floors, high-bay lighting, radiant heat, a large ceiling fan, and insulated construction. A half bathroom, 14' x 14' garage door with opener, and 220V/100-amp electrical service support a range of storage, hobby, office, and workspace uses.

The property is located at The Ultimate Garage Club, a fenced community positioned 1 mile west of I-25. On-site amenities include a fresh water station, dump station, and car wash. HOA services cover building insurance, road maintenance, and snow removal.

Key Highlights

• 1300 SF plus 390 SF mezzanine
• 14' x 14' garage door with opener
• 220V/100‑amp electrical service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,591

Cap Rate

2.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$231,820 $231.8K

Cap Rate 7%

$165,586 $165.6K

Cap Rate 9%

$128,789 $128.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,300 SF

Gross rent

$17.9K $13.80/SF

− Vacancy

−$1.4K −$1.06/SF

EGI

$16.6K $12.74/SF

− OpEx

−$5.0K −$3.82/SF

NOI

$11.6K $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%

$231,820

Cap Rate 7%

$165,586

Cap Rate 9%

$128,789

Alternative Uses

Best Use

Industrial

$165.6K

$144.9K – $193.2K (±1% cap)

NOI $11,591 @ 7.0% cap · market cap 2.92%

Second Best

Flex RnD

$153.8K

$134.5K – $179.4K (±1% cap)

NOI $10,763 @ 7.0% cap · market cap 2.71%

Theoretical Best

Office B

$236.9K

$207.3K – $276.4K (±1% cap)

NOI $16,585 @ 7.0% cap · market cap 4.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lighthouse Storage Storage Facility U-Haul Neighborhood Dealer Car Rental Facility Custom SxS Outfitters Auto Repair Shop David & Sons Plumbers Plumbing Service Ultimate Garage Club Storage Facility

Suggested Use

Top Pick Restaurant Law Firm HVAC Service Big Box & Wholesale Store Dental Office Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 80542, CO

4,841

Population

1,778

Households

2.7

Avg Household Size

40

Median Age

52%

College-Educated

93%

High-School Grad

9.2 sq mi

ZIP Area

526

Density / Sq Mi

$127,500

Median Household Income

$58,578

Median Earnings

$2,694

Median Rent

$590,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Industrial Flex Building For Sale

14479 Mead Ct, Mead, CO 80504

Contact for pricing

11,375 SF

View details

Standalone Flex Shop with Fenced Yard

14274 Longs Peak Ct, Mead, CO 80504

$1,290,000

0.94 Acres

View details

Garage Condo with Mezzanine

E1-341 1st St, Mead, CO 80542

$397,000

1,690 SF

View details

Irrigated Farm with Center Pivot

4531 County Road 32, Mead, CO 80504

$1,950,000

2,520 SF

View details

Mixed-Use Restaurant with Garage

237 4th St, Mead, CO 80542

$875,000

View details

Frequently Asked Questions

What type of property is this?

Flex space - Insulated garage condominium with mezzanine space, dedicated electrical service, and access to secure community amenities.

Where is this flex space located?

The property is located at 341 1st #E1 Mead, CO.

What is the asking price?

The asking price for this property is $397,000.

What are key features of this property?

This property features: 1300 SF plus 390 SF mezzanine; 14' x 14' garage door with opener; 220V/100‑amp electrical service