Building Details

Year Built 2023

Listing Agency: RE/MAX Nexus

Listed By: Abby Renner · License #ER40029855 Show Phone

Source: Thestrohmangroup

Added: Aug 17 Changed: Sep 25 Last Checked: Oct 5 at 8:56PM

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Investment Insights

Based on property information with market context.

Units G2 and G3 are available together or separately within a gated commercial complex in Mead, Colorado. Built in 2023, the flex space includes shop and warehouse areas with 14' x 14' overhead doors, 21' ceilings, radiant heat, epoxy flooring, high-bay lighting, an industrial-size ceiling fan, and an in-floor drain. Electrical features include two 50-amp outlets. A finished bathroom, second-bathroom rough-in, custom wood mezzanine, shelving, and a lift add functional workspace and storage. The cupola provides potential for a third-floor area.

Shared complex amenities include an on-site car wash and an RV fresh-water and dump station. HOA-covered services include trash and snow removal. The property is located at 341 1st St in Mead, with a BikeScore of 18 and a WalkScore of 10.

Key Highlights

• Units G2 and G3 may be purchased together or separately
• 14' x 14' overhead doors and 21' ceilings
• Two 50‑amp outlets, radiant heat, and in‑floor drain

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,118

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,360 $602.4K

Cap Rate 7%

$430,257 $430.3K

Cap Rate 9%

$334,644 $334.6K

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$38.6K $14.28/SF

− Vacancy

−$3.1K −$1.16/SF

EGI

$35.4K $13.12/SF

− OpEx

−$5.3K −$1.97/SF

NOI

$30.1K $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 Rate 5%

$602,360

Cap Rate 7%

$430,257

Cap Rate 9%

$334,644

Alternative Uses

Best Use

Warehouse

$430.3K

$376.5K – $502.0K (±1% cap)

NOI $30,118 @ 7.0% cap · market cap 4.18%

Second Best

Industrial

$343.9K

$300.9K – $401.2K (±1% cap)

NOI $24,074 @ 7.0% cap · market cap 3.34%

Theoretical Best

Office B

$492.1K

$430.6K – $574.1K (±1% cap)

NOI $34,445 @ 7.0% cap · market cap 4.78%

Zoning and permitted uses should be independently verified with authorities.

Property 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 Real Estate Agency Restaurant Law Firm HVAC Service Big Box & Wholesale Store Dental Office

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

21 ft

Clear height

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Gated commercial units combine warehouse functionality with office, storage, and shared vehicle-service amenities.

Where is this flex space located?

The property is located at 341 1st St G-2 & 3 Mead, CO.

What is the asking price?

The asking price for this property is $720,000.

What are key features of this property?

This property features: Units G2 and G3 may be purchased together or separately; 14' x 14' overhead doors and 21' ceilings; Two 50‑amp outlets, radiant heat, and in‑floor drain