Freestanding Industrial Flex
For Sale
$2,500,000
4995 Monaco Street, Commerce City, CO 80022
12,690 SF industrial/flex building in Commerce City, Colorado.
Property Size12,690 SF
Price / SF$197.01
Days on Market183
Property Features for 4995 Monaco Street
General Information
Standard status
Active
Size
12,690 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$52,160
Building Details
Year Built
1966
Listing Agency:
Coldwell Banker Realty 18
(303) 320-5733
Listed By:
Susan Todd · License #100057108
(303) 877-1514
Source:
Exitrealty
Added: Mar 6
Changed: Sep 4
Last Checked: Sep 1 at 9:54PM
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 Coldwell Banker Realty 18
Investment Insights
Based on property information with market context.
This 12,690-square-foot freestanding commercial building is located in Commerce City, within the Northeast Denver industrial corridor, offering access to major transportation routes and the Denver metro area. The property is suitable for industrial, warehouse, distribution, manufacturing, or flex users. It features a flexible layout and efficient footprint, supporting warehousing, logistics, light manufacturing, or contractor services. The freestanding design offers branding visibility and operational independence. The building includes 3-phase 900 amp service, a newer roof under warranty, and two separate water meters. It also has over 30 parking spots, two roll-up garage doors, and a 16' roll-up door. The property includes office build-out and private bathrooms with a shower. Commerce City is a sought-after industrial market due to its proximity to major highways, rail lines, and Denver International Airport. The location provides access to primary transportation corridors for efficient movement of goods, employees, and clients throughout the Front Range and beyond. This property is suitable for owner-users seeking control of their real estate or investors targeting stable industrial assets in a high-demand corridor. The bike score is 79, the walk score is 0, and the transit score is 49.
Key Highlights
- 12,690 SF freestanding building in high‑demand Commerce City industrial market with excellent access to major transportation routes.
- Versatile functionality suitable for industrial, warehouse, distribution, manufacturing, or flex use with office build‑out potential.
- Benefit from a 3‑Phase 900 amp electrical service and newer roof under warranty.
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
$151,189
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
6.05%
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%
$3,023,780
$3.0M
Cap Rate 7%
$2,159,843
$2.2M
Cap Rate 9%
$1,679,878
$1.7M
Market Conditions
NOI Build-Up for 12,690 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
$234.5K $18.48/SF
− Vacancy
−$18.5K −$1.46/SF
EGI
$216.0K $17.02/SF
− OpEx
−$64.8K −$5.11/SF
NOI
$151.2K $11.91/SF
Area
Adams County, CO
Vacancy
7.90%
Lease Rate
$18.48 /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%
$3,023,780
Cap Rate 7%
$2,159,843
Cap Rate 9%
$1,679,878
Alternative Uses
Best Use
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,189 @ 7.0% cap · market cap 6.05%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,541 @ 7.0% cap · market cap 4.70%
Theoretical Best
Multifamily LT 5
$186.71M
$163.37M – $217.83M
NOI $13,069,602 @ 7.0% cap · market cap 522.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 12,690 SF industrial/flex building in Commerce City, Colorado.
Where is this flex space located?
The property is located at 4995 Monaco Street Commerce City, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,690 SF freestanding building in high‑demand Commerce City industrial market with excellent access to major transportation routes.; Versatile functionality suitable for industrial, warehouse, distribution, manufacturing, or flex use with office build‑out potential.; Benefit from a 3‑Phase 900 amp electrical service and newer roof under warranty.
