Industrial Flex Space with Fenced
For Sale
Contact for pricing
Pending
4201 Industrial Parkway, Evans, CO 80620
Industrial flex building offering dedicated fenced yard space for equipment storage or light warehousing needs.
Property Size7,500 SF
Days on Market106
Property Features for 4201 Industrial Parkway
General Information
Standard status
Pending
Size
7,500 SF
Property subtype
Industrial
Zoning
I-1 Industrial
Occupancy
100%
Investment Type
Stabilized
Additional Details
Fenced Yard
Yes
Building Details
Units
2
Tenancy
Multi
Listing Agency:
REFCO Realty, Inc.
Listed By:
Roy Friesen · License #CO-ER.000335411
Source:
Crexi
Added: Jun 6
Changed: Sep 3
Last Checked: Sep 18 at 7:52AM
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 REFCO Realty, Inc.
Investment Insights
Based on property information with market context.
The property is a 7,500-square-foot industrial flex space designed to support a mix of warehouse and light industrial uses. It includes a fenced yard, providing an area that can be used for outside storage or operational staging tied to daily business needs. The combination of flexible interior space and exterior containment is often a practical fit for users that need both covered working space and controlled yard functionality.
The asset is located at 4201 Industrial Parkway in Evans, Colorado. As an industrial-flex offering, it is positioned to serve businesses looking for a straightforward setup with on-site yard storage capability.
For tenants or owner-operators, the fenced yard can help keep equipment, materials, or other work-related items organized and separated from public access. The overall flex layout supports day-to-day operational flexibility, making the building a workable option for users seeking an industrial setting without committing to a single rigid warehouse-only configuration.
The asset is located at 4201 Industrial Parkway in Evans, Colorado. As an industrial-flex offering, it is positioned to serve businesses looking for a straightforward setup with on-site yard storage capability.
For tenants or owner-operators, the fenced yard can help keep equipment, materials, or other work-related items organized and separated from public access. The overall flex layout supports day-to-day operational flexibility, making the building a workable option for users seeking an industrial setting without committing to a single rigid warehouse-only configuration.
Key Highlights
- 7,500 SF industrial flex space
- Dedicated fenced yard area included for equipment storage or light warehousing
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
$66,871
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
4.46%
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%
$1,337,420
$1.3M
Cap Rate 7%
$955,300
$955.3K
Cap Rate 9%
$743,011
$743.0K
Market Conditions
NOI Build-Up for 7,500 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
$103.5K $13.80/SF
− Vacancy
−$8.0K −$1.06/SF
EGI
$95.5K $12.74/SF
− OpEx
−$28.7K −$3.82/SF
NOI
$66.9K $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%
$1,337,420
Cap Rate 7%
$955,300
Cap Rate 9%
$743,011
Alternative Uses
Best Use
Industrial
$955.3K
$835.9K – $1.11M
NOI $66,871 @ 7.0% cap · market cap 4.46%
Second Best
Flex RnD
$887.1K
$776.2K – $1.03M
NOI $62,095 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office B
$1.37M
$1.20M – $1.59M
NOI $95,681 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80620, CO
20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building offering dedicated fenced yard space for equipment storage or light warehousing needs.
Where is this flex space located?
The property is located at 4201 Industrial Parkway Evans, CO.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: 7,500 SF industrial flex space; Dedicated fenced yard area included for equipment storage or light warehousing
