Office/Warehouse Flex
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4521 Endeavor Dr, Johnstown, CO 80534
Clean commercial space combines office and warehouse functionality for light industrial, logistics, corporate office, or contractor operations.
Property Size2,383 SF
Price / SF$230.80
Days on Market4
Property Features for 4521 Endeavor Dr
General Information
Standard status
Active
Size
2,383 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Corporate
(214) 979-6100
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3007
Source:
Moodyscre
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 5 at 3:24PM
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 CBRE - Corporate
Investment Insights
Based on property information with market context.
This 2,383-square-foot flex property combines office and warehouse areas in a clean commercial setting. The configuration supports light industrial, logistics, corporate office, and contractor operations, providing a practical balance of administrative and operational space within one facility.
The property is located in the 2534 Master-Planned Business Park, a 600-acre mixed-use district in Johnstown. Access is positioned at the intersection of Interstate 25 and US Highway 34, with Scheels and Johnstown Plaza identified as nearby commercial anchors.
The property is located in the 2534 Master-Planned Business Park, a 600-acre mixed-use district in Johnstown. Access is positioned at the intersection of Interstate 25 and US Highway 34, with Scheels and Johnstown Plaza identified as nearby commercial anchors.
Key Highlights
- 2,383 SF office/warehouse flex property
- Located within the 600‑acre 2534 Master‑Planned Business Park
- At the intersection of Interstate 25 and US Highway 34
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
$30,401
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
5.53%
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%
$608,020
$608.0K
Cap Rate 7%
$434,300
$434.3K
Cap Rate 9%
$337,789
$337.8K
Market Conditions
NOI Build-Up for 2,383 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
$42.9K $18.00/SF
− Vacancy
−$2.4K −$0.99/SF
EGI
$40.5K $17.01/SF
− OpEx
−$10.1K −$4.25/SF
NOI
$30.4K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$608,020
Cap Rate 7%
$434,300
Cap Rate 9%
$337,789
Alternative Uses
Best Use
Office B
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 5.53%
Second Best
Warehouse
$379.7K
$332.3K – $443.0K
NOI $26,582 @ 7.0% cap · market cap 4.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Clean commercial space combines office and warehouse functionality for light industrial, logistics, corporate office, or contractor operations.
Where is this flex space located?
The property is located at 4521 Endeavor Dr Johnstown, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,383 SF office/warehouse flex property; Located within the 600‑acre 2534 Master‑Planned Business Park; At the intersection of Interstate 25 and US Highway 34
