Move-In Ready Flex Warehouse
For Sale
$320,000
360 Rancho Dr 403, Windsor, CO 80550
Professionally finished unit with epoxy floors, loft, and heating/cooling—suited for light industrial or workspace.
Property Size1,129 SF
Price / SF$266.67
Days on Market64
Property Features for 360 Rancho Dr 403
General Information
Standard status
Active
Size
1,129 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$9,295
Building Details
Building Size
1,129 SF
Year Built
2023
Listing Agency:
Group Mulberry
(970) 889-3796
Listed By:
Caleb Cheshier
(970) 889-3796
Source:
Elliman
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 8 at 3:29PM
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 Group Mulberry
Investment Insights
Based on property information with market context.
This for-sale flex warehouse unit is professionally finished and designed for year-round use. The layout includes a kitchen, a half bath, epoxy flooring, and an added loft. Heating and cooling are in place, and the unit is presented as move-in ready. For additional flexibility, the existing kitchen area can be transformed into another use or removed to create more storage, depending on the needs of the owner or operator.
Located at 360 Rancho Dr (Unit 403) in Windsor, Colorado, the property is part of a water-value vault-style set of units referenced in the remarks. While bike and walk scores are noted, the property is described as car-dependent, which aligns with typical access for warehouse and flex configurations.
This space may work well for buyers looking for a ready-to-operate combination of workspace and functional improvements, rather than starting from bare concrete. The epoxy flooring supports everyday work activities, and the bathroom and loft add practicality for onsite use. The ability to reconfigure the kitchen area also provides a straightforward path to tailor the interior to storage needs, a workshop setup, or other light industrial uses consistent with a flex warehouse environment.
Located at 360 Rancho Dr (Unit 403) in Windsor, Colorado, the property is part of a water-value vault-style set of units referenced in the remarks. While bike and walk scores are noted, the property is described as car-dependent, which aligns with typical access for warehouse and flex configurations.
This space may work well for buyers looking for a ready-to-operate combination of workspace and functional improvements, rather than starting from bare concrete. The epoxy flooring supports everyday work activities, and the bathroom and loft add practicality for onsite use. The ability to reconfigure the kitchen area also provides a straightforward path to tailor the interior to storage needs, a workshop setup, or other light industrial uses consistent with a flex warehouse environment.
Key Highlights
- 20x60 unit professionally finished with a kitchen, half bath, epoxy flooring, and a loft
- Heating and cooling included for year‑round use
- Finished kitchen can be transformed into other space needs or removed for more storage
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
$10,699
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
3.34%
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%
$213,980
$214.0K
Cap Rate 7%
$152,843
$152.8K
Cap Rate 9%
$118,878
$118.9K
Market Conditions
NOI Build-Up for 1,200 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
$16.6K $13.80/SF
− Vacancy
−$1.3K −$1.06/SF
EGI
$15.3K $12.74/SF
− OpEx
−$4.6K −$3.82/SF
NOI
$10.7K $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 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%
$213,980
Cap Rate 7%
$152,843
Cap Rate 9%
$118,878
Alternative Uses
Best Use
Industrial
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 3.34%
Second Best
Flex RnD
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office B
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80550, CO
38,909
Population
17,140
Households
2.3
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
52.4 sq mi
ZIP Area
743
Density / Sq Mi
$121,487
Median Household Income
$60,940
Median Earnings
$1,791
Median Rent
$538,900
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 - Professionally finished unit with epoxy floors, loft, and heating/cooling—suited for light industrial or workspace.
Where is this flex space located?
The property is located at 360 Rancho Dr 403 Windsor, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 20x60 unit professionally finished with a kitchen, half bath, epoxy flooring, and a loft; Heating and cooling included for year‑round use; Finished kitchen can be transformed into other space needs or removed for more storage
