78,624 SF Industrial
For Sale
$7,650,000
4700 Marketplace, Johnstown, CO 80534
78,624 SF industrial facility on 6.21 acres for sale.
Property Size78,624 SF
Lot Size6.21 Acres
Price / SF$97.30
Days on Market269
Property Features for 4700 Marketplace
General Information
Standard status
Active
Size
78,624 SF
Lot size
6.21 Acres
Property subtype
Commercial
Amenities
Central air
Metal Roof
Central Air Cooling
Forced Air Heating
Building Details
Year Built
2004
Listing Agency:
Waypoint Real Estate
(970) 632-5050
Listed By:
JOSHUA GUERNSEY
Source:
Corcoran
Added: Nov 13, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:16PM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
This 78,624 square foot facility is situated on 6.21 acres and is currently utilized for interior RV and boat storage. The property is zoned Light Industrial, accommodating various industrial applications beyond storage. The building features 46,929 square feet across two fully sprinkled warehouse bays, boasting a 40-foot clear height and 40-foot by 16-foot overhead doors. It also includes a main-floor management office, mezzanine offices, and security cameras. Around the perimeter, there are 49 exterior garages totaling 31,696 square feet, each equipped with 12-foot by 14-foot overhead doors and a 22-foot clear height.
Key Highlights
- 78,624 SF facility on 6.21 acres zoned Light Industrial, supporting diverse industrial uses.
- 46,929 SF across 2 fully sprinkled warehouse bays with 40' clear height.**
- 40' x 16' overhead doors in warehouse bays.
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
$701,026
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
9.16%
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%
$14,020,520
$14.0M
Cap Rate 7%
$10,014,657
$10.0M
Cap Rate 9%
$7,789,178
$7.8M
Market Conditions
NOI Build-Up for 78,624 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
$1.09M $13.80/SF
− Vacancy
−$83.5K −$1.06/SF
EGI
$1.00M $12.74/SF
− OpEx
−$300.4K −$3.82/SF
NOI
$701.0K $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%
$14,020,520
Cap Rate 7%
$10,014,657
Cap Rate 9%
$7,789,178
Alternative Uses
Best Use
Warehouse
$12.53M
$10.96M – $14.62M
NOI $877,037 @ 7.0% cap · market cap 11.46%
Second Best
Industrial
$10.01M
$8.76M – $11.68M
NOI $701,026 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office B
$14.33M
$12.54M – $16.72M
NOI $1,003,046 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
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.
Similar Off Market Nearby
- R V Boatel LLC — 4700 Marketplace Dr, Johnstown, CO 80534
Frequently Asked Questions
What type of property is this?
Warehouse - 78,624 SF industrial facility on 6.21 acres for sale.
Where is this warehouse located?
The property is located at 4700 Marketplace Johnstown, CO.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: 78,624 SF facility on 6.21 acres zoned Light Industrial, supporting diverse industrial uses.; 46,929 SF across 2 fully sprinkled warehouse bays with 40' clear height.**; 40' x 16' overhead doors in warehouse bays.
