Industrial Space with Outdoor
For Sale
$2,500,000
405 Mountain View #B, Berthoud, CO 80513
Versatile industrial space with yard in high-growth corridor.
Property Size10,500 SF
Lot Size1.89 Acres
Price / SF$238.10
Days on Market493
Property Features for 405 Mountain View #B
General Information
Standard status
Active
Size
10,500 SF
Lot size
1.89 Acres
Property subtype
Commercial
Amenities
Composition Roof
Loading: Drive-in
Radiant Heating
Building Details
Year Built
2023
Listing Agency:
Waypoint Real Estate
(970) 632-5050
Listed By:
NICHOLAS NORTON
Source:
Corcoran
Added: Apr 3, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:25PM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
The property at 405 Mountain View Rd, Unit B, Johnstown, CO 80534, offers 10,500 square feet of versatile industrial space. It features a 1/4-acre outdoor storage yard and two 14'x14' overhead doors providing direct loading access. The clear height reaches a high point of 22 feet. The space is fully sprinklered and insulated, equipped with four radiant heaters and 3-phase power. The property benefits from prime I-25 access and is located across from Buc-ee's in the Ledge Rock Retail Center. It is within 25 minutes of Fort Collins, Longmont, Greeley, and Loveland.
Key Highlights
- Prime I‑25 access across from Buc‑ee's in high‑growth corridor
- 10,500 SF versatile industrial space with 1/4‑acre outdoor storage yard
- Direct loading access with (2) 14'x14' overhead doors
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
$113,062
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
4.52%
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%
$2,261,240
$2.3M
Cap Rate 7%
$1,615,171
$1.6M
Cap Rate 9%
$1,256,244
$1.3M
Market Conditions
NOI Build-Up for 10,500 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
$145.5K $13.86/SF
− Vacancy
−$12.5K −$1.19/SF
EGI
$133.0K $12.67/SF
− OpEx
−$20.0K −$1.90/SF
NOI
$113.1K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /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%
$2,261,240
Cap Rate 7%
$1,615,171
Cap Rate 9%
$1,256,244
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.88M
NOI $113,062 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,110 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,286 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- North Colorado Data Storage — 5213 Longs Peak Rd # E, Berthoud, CO 80513
- Lockaway Storage - Johnstown — 316 basher dr, berthoud, co 80513
- Lockaway Storage — 316 Basher Dr, Berthoud, CO 80513
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile industrial space with yard in high-growth corridor.
Where is this warehouse located?
The property is located at 405 Mountain View #B Berthoud, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime I‑25 access across from Buc‑ee's in high‑growth corridor; 10,500 SF versatile industrial space with 1/4‑acre outdoor storage yard; Direct loading access with (2) 14'x14' overhead doors
