Class A Industrial/Flex
For Sale
Contact for pricing
4615 Venture Dr, Johnstown, CO 80534
Northern Colorado industrial/flex building with unique drive-through doors.
Property Size18,485 SF
Price / SF$302.95
Days on Market1837
Property Features for 4615 Venture Dr
General Information
Standard status
Active
Size
18,485 SF
Class
A
Total Parking Spaces
32
Property subtype
Industrial
Lease Type
NNN
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
(970) 776-3900
Listed By:
Jason Ells · License #CO FA.040024170
Source:
Crexi
Added: Aug 14, 2021
Changed: Aug 14
Last Checked: Aug 24 at 12:29AM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
This Class A industrial/flex building is situated within the 2534 Development, a location in Northern Colorado at the interchange of I-25 and Highway 34. The property features corner glass and entry elements, daylight windows on all sides, and modern stucco and metal panel construction. Warehouse access is facilitated by oversized drive-in doors located at the rear of the building. Additionally, the building includes two full-glass drive-thru doors on the front, enabling vehicles to pass directly through the structure. The building provides 18,485 square feet of space. A ceiling height of 28 feet allows for the construction of mezzanine storage or office space, which can be finished according to a user’s specifications.
Key Highlights
- Located at the high‑traffic interchange of I‑25 and Highway 34 in Northern Colorado.
- Features two full‑glass drive‑thru doors on the front of the building.
- 28’ ceiling height** suitable for mezzanine construction.
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
$164,816
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
2.94%
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%
$3,296,320
$3.3M
Cap Rate 7%
$2,354,514
$2.4M
Cap Rate 9%
$1,831,289
$1.8M
Market Conditions
NOI Build-Up for 18,485 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
$255.1K $13.80/SF
− Vacancy
−$19.6K −$1.06/SF
EGI
$235.5K $12.74/SF
− OpEx
−$70.6K −$3.82/SF
NOI
$164.8K $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%
$3,296,320
Cap Rate 7%
$2,354,514
Cap Rate 9%
$1,831,289
Alternative Uses
Best Use
Industrial
$2.35M
$2.06M – $2.75M
NOI $164,816 @ 7.0% cap · market cap 2.94%
Second Best
Flex RnD
$2.19M
$1.91M – $2.55M
NOI $153,043 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office B
$3.37M
$2.95M – $3.93M
NOI $235,822 @ 7.0% cap · market cap 4.21%
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 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 - Northern Colorado industrial/flex building with unique drive-through doors.
Where is this flex space located?
The property is located at 4615 Venture Dr Johnstown, CO.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Located at the high‑traffic interchange of I‑25 and Highway 34 in Northern Colorado.; Features **two full‑glass drive‑thru doors** on the front of the building.; 28’ ceiling height** suitable for mezzanine construction.
