Freestanding Industrial Flex
For Sale
$1,800,000
573 S Arthur Ave, Louisville, CO 80027
Freestanding industrial flex building with a clear-span warehouse, 16' clear height, and dock-high loading plus remodeled office and lab space.
Property Size7,744 SF
Lot Size0.86 Acres
Price / SF$232.44
Days on Market49
Property Features for 573 S Arthur Ave
General Information
Standard status
Active
Size
7,744 SF
Total Parking Spaces
12
Lot size
0.86 Acres
Zoning
I
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1992
Tenancy
Single
Listing Agency:
eXp Commercial | Colorado
(970) 294-9675
Listed By:
Jesse Dean · License #FA.100109875
(970) 294-9675
Source:
Expcommercial
Added: Jul 12
Changed: Aug 24
Last Checked: Aug 29 at 5:47AM
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 eXp Commercial | Colorado
Investment Insights
Based on property information with market context.
This freestanding, single-tenant industrial flex building was built in 1992 and has been extensively upgraded. The clear-span warehouse provides 16' clear height and includes a 12' dock-high door with a leveler. Interior improvements include a remodeled office area and production/R&D lab spaces, along with a conference room and kitchen.
The property is located within the Colorado Technology Center in Louisville. It has direct access to US-36, Highway 42, and E-470, providing convenient regional connectivity between Denver and Boulder and toward Denver International Airport.
Recent capital improvements include a full roof replacement in 2021, French drains and an office remodel in 2024, production lab remodel in 2025, exterior paint in 2025, and a new rooftop HVAC unit in 2026. The building is leased NNN through September 2027, with 12 parking spaces on a 0.86-acre site.
The property is located within the Colorado Technology Center in Louisville. It has direct access to US-36, Highway 42, and E-470, providing convenient regional connectivity between Denver and Boulder and toward Denver International Airport.
Recent capital improvements include a full roof replacement in 2021, French drains and an office remodel in 2024, production lab remodel in 2025, exterior paint in 2025, and a new rooftop HVAC unit in 2026. The building is leased NNN through September 2027, with 12 parking spaces on a 0.86-acre site.
Key Highlights
- 7,744 SF freestanding industrial flex building on 0.86 acres in the Colorado Technology Center
- 16' clear height clear‑span warehouse with a 12' dock‑high door and leveler
- $225K+ in capital improvements since 2024: roof replaced 2021, office remodel 2024, lab remodel 2025, exterior paint 2025, French drains 2024, new rooftop HVAC unit 2026
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
$113,981
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
6.33%
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%
$2,279,620
$2.3M
Cap Rate 7%
$1,628,300
$1.6M
Cap Rate 9%
$1,266,456
$1.3M
Market Conditions
NOI Build-Up for 7,744 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
$139.4K $18.00/SF
− Vacancy
−$5.3K −$0.68/SF
EGI
$134.1K $17.32/SF
− OpEx
−$20.1K −$2.60/SF
NOI
$114.0K $14.72/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,279,620
Cap Rate 7%
$1,628,300
Cap Rate 9%
$1,266,456
Alternative Uses
Best Use
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,981 @ 7.0% cap · market cap 6.33%
Second Best
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,826 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,553 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80027, CO
34,413
Population
13,248
Households
2.6
Avg Household Size
40
Median Age
71%
College-Educated
98%
High-School Grad
18.6 sq mi
ZIP Area
1,850
Density / Sq Mi
$153,165
Median Household Income
$70,617
Median Earnings
$2,234
Median Rent
$822,700
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 - Freestanding industrial flex building with a clear-span warehouse, 16' clear height, and dock-high loading plus remodeled office and lab space.
Where is this flex space located?
The property is located at 573 S Arthur Ave Louisville, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,744 SF freestanding industrial flex building on 0.86 acres in the Colorado Technology Center; 16' clear height clear‑span warehouse with a 12' dock‑high door and leveler; $225K+ in capital improvements since 2024: roof replaced 2021, office remodel 2024, lab remodel 2025, exterior paint 2025, French drains 2024, new rooftop HVAC unit 2026
