Flex Space with Loading
5490 Western Avenue, Boulder, CO 80301
For Sale
Contact for pricing
Two-level office component complements a climate-controlled warehouse and fenced outdoor yard.
Property Size24,524 SF
Price / SF$279.93
Days on Market105
Property Features for 5490 Western Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Conditioned Warehouse
Amenities
Conference Rooms
Kitchenette
Listing Agency:
Gibbons-White Inc
Listed By:
Kegan McNutt · License #CO FA.100076131
(303) 442-1040
Source:
Crexi
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 6:15AM
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
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Investment Insights
Based on property information with market context.
This 24,524-square-foot flex property combines approximately 20% office space with 80% warehouse area. The office component spans two floors and includes open work areas, private offices, conference rooms, and a kitchenette. Warehouse space offers 16'8” clear height with climate control throughout, supporting a range of operational layouts.
Loading functionality includes oversized doors, an interior loading dock, and ramp access. The property also provides a fenced yard with both a drive-in door and a dock-high loading door. Located in Boulder, the site offers access to Arapahoe and 55th Street.
Loading functionality includes oversized doors, an interior loading dock, and ramp access. The property also provides a fenced yard with both a drive-in door and a dock-high loading door. Located in Boulder, the site offers access to Arapahoe and 55th Street.
Key Highlights
- 24,524 SF flex property with approximately 20% office and 80% warehouse space
- Office area distributed across two floors with open work areas, private offices, conference rooms, and kitchenette
- Warehouse features 16'8” clear height with climate control throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,758
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,895,160
$6.9M
Cap Rate 7%
$4,925,114
$4.9M
Cap Rate 9%
$3,830,644
$3.8M
Market Conditions
NOI Build-Up for 24,524 SF
Gross rent
$647.4K $26.40/SF
− Vacancy
−$187.8K −$7.66/SF
EGI
$459.7K $18.74/SF
− OpEx
−$114.9K −$4.69/SF
NOI
$344.8K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,895,160
Cap Rate 7%
$4,925,114
Cap Rate 9%
$3,830,644
Alternative Uses
Best Use
Office B
$4.93M
$4.31M – $5.75M
NOI $344,758 @ 7.0% cap · market cap 5.02%
Second Best
Warehouse
$3.79M
$3.32M – $4.43M
NOI $265,516 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,101 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Properties on Market for Flex space in Boulder
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- The Wheel & Whisk Catering and Food Truck — 5706 arapahoe ave, boulder, co 80303
- Big Daddy's Texas BBQ — 2100 Central Ave, Boulder, CO 80301
- La Rue Bayou — 4920 Pearl St, Boulder, CO 80301
- Fig and Floret — 2995 55th St #17122, Boulder, CO 80308
Frequently Asked Questions
What type of property is this?
Flex space - Two-level office component complements a climate-controlled warehouse and fenced outdoor yard.
Where is this flex space located?
The property is located at 5490 Western Avenue 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: 24,524 SF flex property with approximately 20% office and 80% warehouse space; Office area distributed across two floors with open work areas, private offices, conference rooms, and kitchenette; Warehouse features 16'8” clear height with climate control throughout
