Office/Warehouse Flex
New
For Sale
$550,000
4523 Endeavor Dr, Johnstown, CO 80534
Clean, adaptable commercial space supports office, light industrial, logistics, and contractor operations.
Property Size2,383 SF
Price / SF$230.80
Days on Market1
Property Features for 4523 Endeavor Dr
General Information
Standard status
Active
Size
2,383 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,152
Building Details
Building Size
2,383 SF
Year Built
2017
Listing Agency:
CBRE Inc
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 3:04PM
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 Inc
Investment Insights
Based on property information with market context.
Built in 2017, this 2,383-square-foot flex property combines office and warehouse functionality in a clean commercial setting. The layout is suited to light industrial, logistics, corporate office, and contractor operations, offering a practical balance between work and storage areas.
The property is located within the 2534 Master-Planned Business Park, a 600-acre mixed-use district at the intersection of Interstate 25 and US Highway 34 in Johnstown. Scheels and Johnstown Plaza are identified as nearby commercial anchors, adding established activity to the surrounding business environment. The site is car-dependent, with a Walk Score of 5 and a Bike Score of 28.
The property is located within the 2534 Master-Planned Business Park, a 600-acre mixed-use district at the intersection of Interstate 25 and US Highway 34 in Johnstown. Scheels and Johnstown Plaza are identified as nearby commercial anchors, adding established activity to the surrounding business environment. The site is car-dependent, with a Walk Score of 5 and a Bike Score of 28.
Key Highlights
- 2,383 SF office/warehouse flex space
- Built in 2017
- Located in the 600‑acre 2534 Master‑Planned Business Park
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
Current Use
Lease Details
Yes
Highway access
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, adaptable commercial space supports office, light industrial, logistics, and contractor operations.
Where is this flex space located?
The property is located at 4523 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 space; Built in 2017; Located in the 600‑acre 2534 Master‑Planned Business Park
