Flex Space with
New
For Sale
$720,000
341 1st St G-2 & 3, Mead, CO 80542
Gated commercial units combine warehouse functionality with office, storage, and shared vehicle-service amenities.
Property Size2,700 SF
Days on Market5
Property Features for 341 1st St G-2 & 3
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Industrial
Additional Details
Clear Height
21 ft
Taxes and HOA fees
Annual Taxes
$11,706
Amenities
on-site car wash
RV fresh-water and dump station
trash and snow removal included in HOA
gated and secure complex
Building Details
Building Size
2,700 SF
Year Built
2023
Listing Agency:
RE/MAX Nexus
(970) 556-0635
Listed By:
Abby Renner · License #ER40029855
(970) 556-0635
Source:
Elliman
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 21 at 9:00AM
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.
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.
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 = 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
$30,118
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
4.18%
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%
$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
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
$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 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%
$602,360
Cap Rate 7%
$430,257
Cap Rate 9%
$334,644
Alternative Uses
Best Use
Warehouse
$430.3K
$376.5K – $502.0K
NOI $30,118 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$343.9K
$300.9K – $401.2K
NOI $24,074 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office B
$492.1K
$430.6K – $574.1K
NOI $34,445 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
