Office/Warehouse Flex
For Sale
$550,000
4523 Endeavor Dr, Johnstown, CO
Clean, functional space combines office and warehouse areas for light industrial or contractor operations.
Property Size2,383 SF
Price / SF$230.80
Days on Market11
Property Features for 4523 Endeavor Dr
General Information
Standard status
Active
Size
2,383 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,152
Listing Agency:
CBRE Inc
(970) 372-3007
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Exprealty
Added: Sep 3
Changed: Sep 12
Last Checked: Sep 12 at 2:43PM
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.
This 2,383 SF flex property combines office and warehouse space in a clean commercial setting. The configuration supports light industrial, logistics, corporate office, and contractor operations, providing a practical mix of work and administrative areas within one facility.
The property is located at 4523 Endeavor Dr in Johnstown, within the 2534 Master-Planned Business Park. The surrounding district spans 600 acres and includes mixed-use commercial development. Access is positioned near the junction of Interstate 25 and US Highway 34, with Scheels and Johnstown Plaza identified among the nearby commercial destinations.
The property is located at 4523 Endeavor Dr in Johnstown, within the 2534 Master-Planned Business Park. The surrounding district spans 600 acres and includes mixed-use commercial development. Access is positioned near the junction of Interstate 25 and US Highway 34, with Scheels and Johnstown Plaza identified among the nearby commercial destinations.
Key Highlights
- 2, 383 SF office/warehouse flex space
- Located in the 600‑acre 2534 Master‑Planned Business Park
- Positioned near 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
$26,582
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
4.83%
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%
$531,640
$531.6K
Cap Rate 7%
$379,743
$379.7K
Cap Rate 9%
$295,356
$295.4K
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
$34.0K $14.28/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$31.3K $13.12/SF
− OpEx
−$4.7K −$1.97/SF
NOI
$26.6K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /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%
$531,640
Cap Rate 7%
$379,743
Cap Rate 9%
$295,356
Alternative Uses
Best Use
Warehouse
$379.7K
$332.3K – $443.0K
NOI $26,582 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office B
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 5.53%
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
459
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Clean, functional space combines office and warehouse areas for light industrial or 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; Located in the 600‑acre 2534 Master‑Planned Business Park; Positioned near Interstate 25 and US Highway 34
