Flex Property with Fenced
New
For Sale
$1,600,000
5055 Tabor Street, Wheat Ridge, CO 80033
Finished shop, office, and residential areas are paired with surfaced outdoor storage.
Property Size7,000 SF
Days on Market6
Property Features for 5055 Tabor Street
General Information
Standard status
Active
Size
7,000 SF
Class
C
Total Parking Spaces
1
Property subtype
Commercial
Zoning
I-E
Taxes and HOA fees
Annual Taxes
$10,584
Building Details
Building Size
7,000 SF
Year Built
1958
Units
2
Listing Agency:
Total Real Estate Solutions
(720) 458-5806
Listed By:
Steve Krowczyk · License #100046214
(720) 458-5806
Source:
Coloradopartners
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 5:45PM
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 Total Real Estate Solutions
Investment Insights
Based on property information with market context.
This flex property at 5055 Tabor Street includes 7,000-plus finished square feet arranged for shop, office, and residential functions. The site also provides a surfaced, fenced storage yard, adding secured outdoor space to the improvements.
Built in 1958, the property is zoned I-E and is located in Wheat Ridge, Colorado. The combination of finished interior areas and enclosed yard space supports a range of commercial operating requirements within a single property.
Built in 1958, the property is zoned I-E and is located in Wheat Ridge, Colorado. The combination of finished interior areas and enclosed yard space supports a range of commercial operating requirements within a single property.
Key Highlights
- 7,000‑plus finished square feet
- Shop, office, and residential areas
- Surfaced, fenced storage yard
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
$58,771
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
3.67%
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%
$1,175,420
$1.2M
Cap Rate 7%
$839,586
$839.6K
Cap Rate 9%
$653,011
$653.0K
Market Conditions
NOI Build-Up for 7,000 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
$96.6K $13.80/SF
− Vacancy
−$6.2K −$0.88/SF
EGI
$90.4K $12.92/SF
− OpEx
−$31.6K −$4.52/SF
NOI
$58.8K $8.40/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,175,420
Cap Rate 7%
$839,586
Cap Rate 9%
$653,011
Alternative Uses
Best Use
Flex RnD
$839.6K
$734.6K – $979.5K
NOI $58,771 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$774.9K
$678.1K – $904.1K
NOI $54,245 @ 7.0% cap · market cap 3.39%
Theoretical Best
Multifamily LT 5
$15.58M
$13.63M – $18.17M
NOI $1,090,427 @ 7.0% cap · market cap 68.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
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 - Finished shop, office, and residential areas are paired with surfaced outdoor storage.
Where is this flex space located?
The property is located at 5055 Tabor Street Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,000‑plus finished square feet; Shop, office, and residential areas; Surfaced, fenced storage yard
