Industrial Flex and Office
For Sale
Contact for pricing
6395 Gunpark Dr, Boulder, CO 80301
Ground-floor flex units with drive-in doors and clear height are paired with second-floor office suites.
Property Size593 SF
Price / SF$120
Days on Market63
Property Features for 6395 Gunpark Dr
General Information
Standard status
Active
Size
593 SF
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Layne McBride · License #FA.100043911
(303) 913-8854
Source:
Moodyscre
Added: Jul 17
Changed: Sep 3
Last Checked: Sep 16 at 6:13PM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
This property offers flexible industrial/flex space combined with office suites across two levels. Ground-floor flex units K and L feature wide-open layouts, 12’ clear height, 10’ x 10’ drive-in doors, and full HVAC throughout. A mix of leased and vacant second-floor office suites totals 2,899 SF and is available for immediate occupancy where vacant.
The asset is located at 6395 Gunpark Dr in Gunbarrel, within walking distance to restaurants, coffee shops, shopping, and nearby amenities.
Suites can be leased or purchased together or separately, creating options for both single-tenant and multi-suite configurations.
The asset is located at 6395 Gunpark Dr in Gunbarrel, within walking distance to restaurants, coffee shops, shopping, and nearby amenities.
Suites can be leased or purchased together or separately, creating options for both single-tenant and multi-suite configurations.
Key Highlights
- Ground‑floor flex units K and L total 4,431 RSF with wide‑open layouts and 12’ clear height
- Ground‑floor includes 10’ x 10’ drive‑in doors and full HVAC throughout
- Second‑floor office suites total 2,899 SF, with both leased income‑producing and vacant suites for immediate occupancy
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
$5,592
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
7.86%
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%
$111,840
$111.8K
Cap Rate 7%
$79,886
$79.9K
Cap Rate 9%
$62,133
$62.1K
Market Conditions
NOI Build-Up for 593 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
$9.3K $15.60/SF
− Vacancy
−$648 −$1.09/SF
EGI
$8.6K $14.51/SF
− OpEx
−$3.0K −$5.08/SF
NOI
$5.6K $9.43/SF
Area
Boulder, CO
Vacancy
7.00%
Lease Rate
$15.60 /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%
$111,840
Cap Rate 7%
$79,886
Cap Rate 9%
$62,133
Alternative Uses
Best Use
Office B
$119.1K
$104.2K – $138.9K
NOI $8,336 @ 7.0% cap · market cap 11.71%
Second Best
Flex RnD
$79.9K
$69.9K – $93.2K
NOI $5,592 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$200.4K
$175.3K – $233.8K
NOI $14,027 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Ground-floor flex units with drive-in doors and clear height are paired with second-floor office suites.
Where is this flex space located?
The property is located at 6395 Gunpark Dr Boulder, CO.
What is the asking price?
The asking price for this property is $71,160.
What are key features of this property?
This property features: Ground‑floor flex units K and L total 4,431 RSF with wide‑open layouts and 12’ clear height; Ground‑floor includes 10’ x 10’ drive‑in doors and full HVAC throughout; Second‑floor office suites total 2,899 SF, with both leased income‑producing and vacant suites for immediate occupancy
