Office/Warehouse Flex
For Sale
Contact for pricing
4523 Endeavor Dr. Unit B, Johnstown, CO 80534
The property accommodates light industrial, logistics, corporate office, and contractor operations.
Property Size2,383 SF
Price / SF$230.80
Days on Market8
Property Features for 4523 Endeavor Dr. Unit B
General Information
Standard status
Active
Size
2,383 SF
Property subtype
Office, Industrial
Additional Details
Highway Access
Yes
Listing Agency:
CBRE - Fort Collins
Listed By:
Wesley Perry · License #100091594
(970) 222-5572
Source:
Crexi
Added: Sep 5
Changed: Sep 12
Last Checked: Sep 12 at 6:01AM
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 - Fort Collins
Investment Insights
Based on property information with market context.
Unit B at 4523 Endeavor Dr. is a 2,383-square-foot flex property combining office and warehouse space. The clean commercial suite is positioned for light industrial, logistics, corporate office, or contractor operations, offering a practical blend of work and storage areas within one facility.
The property is part of the 600-acre 2534 Master-Planned Business Park in Johnstown, Colorado. Its location near the junction of Interstate 25 and US Highway 34 places the suite within a mixed-use business district alongside Scheels and Johnstown Plaza. The surrounding setting connects the office/warehouse space with established commercial destinations and regional transportation routes.
The property is part of the 600-acre 2534 Master-Planned Business Park in Johnstown, Colorado. Its location near the junction of Interstate 25 and US Highway 34 places the suite within a mixed-use business district alongside Scheels and Johnstown Plaza. The surrounding setting connects the office/warehouse space with established commercial destinations and regional transportation routes.
Key Highlights
- 2,383 SF office/warehouse flex space
- Located within 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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The property accommodates light industrial, logistics, corporate office, and contractor operations.
Where is this flex space located?
The property is located at 4523 Endeavor Dr. Unit B 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 within the 600‑acre 2534 Master‑Planned Business Park; Positioned near Interstate 25 and US Highway 34
