Flex Space with Storage
For Sale
$350,000
56761 E Colfax Avenue, Strasburg, CO 80136
Commercial configuration combines storefront, office, open customer area, and warehouse storage.
Property Size2,880 SF
Days on Market8
Property Features for 56761 E Colfax Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
C-4
Taxes and HOA fees
Annual Taxes
$4,447
Building Details
Building Size
2,880 SF
Year Built
1954
Units
1
Listing Agency:
Colorado Home Realty
(720) 470-8585
Listed By:
Cooper Raines · License #100089158
(720) 470-8585
Source:
Coloradopartners
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 2:20PM
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 Colorado Home Realty
Investment Insights
Based on property information with market context.
Built in 1954, this C-4-zoned flex property combines a customer-facing storefront with supporting work and storage areas. The 1,680 SF storefront includes a bathroom, office, and open space, while a separate 1,200 SF warehouse adds concrete flooring and multiple large sliding doors for loading access. Fenced exterior areas provide additional storage and parking capacity, including a secured area along the west side and another enclosure north of the building.
The property is situated on E Colfax Avenue in Strasburg with access to I-70. Water and sewer taps are already in place. The roof was replaced using a rolled/hot-mop system in 2010. C-4 zoning supports a range of documented uses, including retail, medical office, auto repair, daycare, and other commercial applications.
The property is situated on E Colfax Avenue in Strasburg with access to I-70. Water and sewer taps are already in place. The roof was replaced using a rolled/hot-mop system in 2010. C-4 zoning supports a range of documented uses, including retail, medical office, auto repair, daycare, and other commercial applications.
Key Highlights
- 1,680 SF storefront with 1 bathroom, office space, and open customer/user area
- 1,200 SF storage warehouse with concrete floors
- Multiple large sliding doors support warehouse loading and unloading
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
$26,676
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
7.62%
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%
$533,520
$533.5K
Cap Rate 7%
$381,086
$381.1K
Cap Rate 9%
$296,400
$296.4K
Market Conditions
NOI Build-Up for 2,880 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
$43.2K $15.00/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$41.0K $14.25/SF
− OpEx
−$14.4K −$4.99/SF
NOI
$26.7K $9.26/SF
Area
Adams County, CO
Vacancy
5.00%
Lease Rate
$15.00 /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%
$533,520
Cap Rate 7%
$381,086
Cap Rate 9%
$296,400
Alternative Uses
Best Use
Retail
$743.4K
$650.5K – $867.3K
NOI $52,037 @ 7.0% cap · market cap 14.87%
Second Best
Warehouse
$595.2K
$520.8K – $694.4K
NOI $41,665 @ 7.0% cap · market cap 11.90%
Theoretical Best
Multifamily LT 5
$42.37M
$37.08M – $49.44M
NOI $2,966,151 @ 7.0% cap · market cap 847.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80136, CO
6,028
Population
2,012
Households
3
Avg Household Size
39
Median Age
23%
College-Educated
96%
High-School Grad
211.8 sq mi
ZIP Area
28
Density / Sq Mi
$110,435
Median Household Income
$49,857
Median Earnings
$1,234
Median Rent
$495,700
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 - Commercial configuration combines storefront, office, open customer area, and warehouse storage.
Where is this flex space located?
The property is located at 56761 E Colfax Avenue Strasburg, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,680 SF storefront with 1 bathroom, office space, and open customer/user area; 1,200 SF storage warehouse with concrete floors; Multiple large sliding doors support warehouse loading and unloading
