Climate-Controlled Flex
New
For Sale
Contact for pricing
5490 Western Ave, Boulder, CO 80301
Functional two-floor office component paired with warehouse space, loading access, and a secured yard area.
Property Size54,524 SF
Price / SF$125.91
Days on Market4
Property Features for 5490 Western Ave
General Information
Standard status
Active
Size
54,524 SF
Property subtype
INDUSTRIAL
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16.7 ft
Dock-High Doors
1
Drive-In Doors
1
Conditioned Warehouse
Yes
Amenities
open work areas
private offices
conference rooms
kitchenette
climate control
Listing Agency:
Gibbons-White, Inc.
(303) 586-5930
Listed By:
Chris Boston · License #IR.040026406
(303) 586-5930
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:08PM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This 54,524-square-foot flex space combines approximately 20% office and 80% warehouse area. The office component spans two floors and includes open work areas, private offices, conference rooms, and a kitchenette. The warehouse offers 16'8" clear height with climate control throughout, supporting a range of operational and storage needs.
The property includes oversized doors, an interior loading dock, ramp access, a drive-in door, and a dock-high loading door. A fenced yard area provides additional secured outdoor space. Located in Boulder with access to Arapahoe and 55th Street.
The property includes oversized doors, an interior loading dock, ramp access, a drive-in door, and a dock-high loading door. A fenced yard area provides additional secured outdoor space. Located in Boulder with access to Arapahoe and 55th Street.
Key Highlights
- 54,524‑square‑foot flex space with approximately 20% office and 80% warehouse
- Two‑floor office area with open workspaces, private offices, conference rooms, and kitchenette
- 16'8" clear height in warehouse area with climate control throughout
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $752.4k | $13.80 |
| − Vacancy | −$57.9k | −$1.06 |
| EGI | $694.5k | $12.74 |
| − OpEx | −$104.2k | −$1.91 |
| NOI | $590.3k | $10.83 |
54,524 SF · lease $13.80/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$10.95M
$9.58M – $12.77M
NOI $766,498 @ 7.0% cap · market cap 11.17%
Second Best
Warehouse
$8.43M
$7.38M – $9.84M
NOI $590,320 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$18.42M
$16.12M – $21.50M
NOI $1,289,733 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional two-floor office component paired with warehouse space, loading access, and a secured yard area.
Where is this flex space located?
The property is located at 5490 Western Ave Boulder, CO.
What is the asking price?
The asking price for this property is $6,865,000.
What are key features of this property?
This property features: 54,524‑square‑foot flex space with approximately 20% office and 80% warehouse; Two‑floor office area with open workspaces, private offices, conference rooms, and kitchenette; 16'8" clear height in warehouse area with climate control throughout
