Flex Space with
New
For Sale
$397,000
341 1st Street #F4, Mead, CO 80542
Brand-new flex warehouse condo with a natural-light mezzanine, pre-wired for 240V and pre-plumbed for a lift.
Days on Market3
Property Features for 341 1st Street #F4
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Mezzanine
310 SF
Amenities
on site car wash and water/dump station
Building Details
Building Size
1,610 SF
Year Built
2023
Listing Agency:
Tolan Real Estate Inc
(303) 888-0006
Listed By:
Jess Tolan
(303) 888-0006
Source:
Coloradopartners
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 12:18PM
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 Tolan Real Estate Inc
Investment Insights
Based on property information with market context.
This brand-new flex warehouse condo was built in 2023 and has never been used. The unit features a cupola for natural light and radiant heating, with a massive ceiling fan for airflow. An epoxy-coated main floor was completed 8/15/24, with epoxy also present on the stairs and the 310 SF mezzanine. The mezzanine offers natural light and provides flexible space for an office and additional storage, along with a half bath.
The space is pre-plumbed for a lift and pre-wired for 240V, supporting a variety of equipment and operational needs. On site, there is a car wash plus a water/dump station.
Located about 1 mile west of I-25, the unit offers convenient access for day-to-day operations and deliveries.
The space is pre-plumbed for a lift and pre-wired for 240V, supporting a variety of equipment and operational needs. On site, there is a car wash plus a water/dump station.
Located about 1 mile west of I-25, the unit offers convenient access for day-to-day operations and deliveries.
Key Highlights
- Brand‑new 2023 flex warehouse condo, never been used
- Natural‑light cupola plus 310 SF mezzanine for office or storage
- Main floor new epoxy coating completed 8/15/24
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 | $29.0k | $18.00 |
| − Vacancy | −$1.6k | −$0.99 |
| EGI | $27.4k | $17.01 |
| − OpEx | −$6.8k | −$4.25 |
| NOI | $20.5k | $12.76 |
1,610 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 5.17%
Second Best
Warehouse
$256.6K
$224.5K – $299.3K
NOI $17,959 @ 7.0% cap · market cap 4.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Brand-new flex warehouse condo with a natural-light mezzanine, pre-wired for 240V and pre-plumbed for a lift.
Where is this flex space located?
The property is located at 341 1st Street #F4 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: Brand‑new 2023 flex warehouse condo, never been used; Natural‑light cupola plus 310 SF mezzanine for office or storage; Main floor new epoxy coating completed 8/15/24
