Insulated Warehouse Condo with
For Sale
$200,000
341 1st St B-6, Mead, CO 80542
Fully insulated flex/warehouse condo with a large overhead door, in-floor radiant heat, and gated community security.
Property Size1,000 SF
Price / SF$200
Days on Market51
Property Features for 341 1st St B-6
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$8,377
Building Details
Building Size
1,000 SF
Year Built
2017
Listing Agency:
RE/MAX Nexus
(970) 556-0635
Listed By:
Abby Renner · License #ER40029855
(970) 556-0635
Source:
Elliman
Added: Jul 2
Changed: Aug 7
Last Checked: Aug 21 at 12:54PM
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
Investment Insights
Based on property information with market context.
This premium 1,000 sf warehouse condo is located within Ultimate Garage Club and is set up for flexible storage and light warehouse use. The unit is fully insulated and includes radiant in-floor heat, epoxy-coated concrete floors, and a private restroom with a deep utility sink. Power options include a 220V/100-amp plus 50-amp outlet, supporting a variety of equipment and operational needs. Vehicle access is provided by a 14' x 14' overhead garage door with an automatic opener, suited for large vehicles, trailers, and equipment.
The condo is situated in a fully fenced, secure gated community. The property is described as being approximately one mile west of I-25, offering convenient regional access throughout Northern Colorado and the Front Range. Onsite amenities noted in the remarks include a car wash, a fresh water station, and a dump station.
For tenants, this configuration can work well for operators who need a temperature-controlled, clean-finish space with direct overhead-door access and utility-ready power. For owners and buyers, it offers a self-contained warehouse condo setup with in-unit restroom facilities and practical loading access within a controlled-access community.
The condo is situated in a fully fenced, secure gated community. The property is described as being approximately one mile west of I-25, offering convenient regional access throughout Northern Colorado and the Front Range. Onsite amenities noted in the remarks include a car wash, a fresh water station, and a dump station.
For tenants, this configuration can work well for operators who need a temperature-controlled, clean-finish space with direct overhead-door access and utility-ready power. For owners and buyers, it offers a self-contained warehouse condo setup with in-unit restroom facilities and practical loading access within a controlled-access community.
Key Highlights
- 1000 SF commercial warehouse condo in Ultimate Garage Club (Mead, CO), built in 2017
- Fully insulated unit with radiant in‑floor heat and durable epoxy‑coated concrete floors
- 14' x 14' overhead garage door with automatic opener for large vehicles, trailers, equipment, and RVs
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
$11,155
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
5.58%
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%
$223,100
$223.1K
Cap Rate 7%
$159,357
$159.4K
Cap Rate 9%
$123,944
$123.9K
Market Conditions
NOI Build-Up for 1,000 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
$14.3K $14.28/SF
− Vacancy
−$1.2K −$1.16/SF
EGI
$13.1K $13.12/SF
− OpEx
−$2.0K −$1.97/SF
NOI
$11.2K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$223,100
Cap Rate 7%
$159,357
Cap Rate 9%
$123,944
Alternative Uses
Best Use
Warehouse
$159.4K
$139.4K – $185.9K
NOI $11,155 @ 7.0% cap · market cap 5.58%
Second Best
Industrial
$127.4K
$111.5K – $148.6K
NOI $8,916 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office B
$182.3K
$159.5K – $212.6K
NOI $12,758 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully insulated flex/warehouse condo with a large overhead door, in-floor radiant heat, and gated community security.
Where is this flex space located?
The property is located at 341 1st St B-6 Mead, CO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1000 SF commercial warehouse condo in Ultimate Garage Club (Mead, CO), built in 2017; Fully insulated unit with radiant in‑floor heat and durable epoxy‑coated concrete floors; 14' x 14' overhead garage door with automatic opener for large vehicles, trailers, equipment, and RVs
