Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    640 Aspen Ridge Dr Lafayette, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial warehouse with 14’ overhead doors, near Highway 287.

    Type:LAND
    Property size:
    42,948 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 21, 2023
    Days on Market:
    1142
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 640 Aspen Ridge Dr

    General Information

    Standard status
    Active
    Size
    42,948 SF
    Lot size
    1.00 Acre
    Property subtype
    LAND

    Spaces For Lease

    at 640 Aspen Ridge Dr Contact us

    We can help!

    Listing Contact
    Shane Tebo

    Listing agent Shane Tebo

    Listing office Tebo Properties

    Listing date Mar 21, 2023

    Source Moodyscre

    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 Tebo Properties

    Overview

    Industrial Warehouse Near Highway 287

    This industrial warehouse property, with sizes ranging from 2,500 to 25,000 square feet, is located near Highway 287 and Baseline Road, close to a Super Wal-Mart, offering quick access to E-470, I-25, and US-36. The property features 14’ overhead doors and a common loading dock. The warehouse has a 24’ clear height. Groundbreaking is scheduled for Q3 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lafayette Self Storage — 701 W Geneseo St, Lafayette, CO 80026
    • Lafayette Security Storage — 520 Aspen Ridge Dr, Lafayette, CO 80026
    • Main Street Movers — 208 baseline rd, lafayette, co 80026

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Boulder
    State
    Colorado
    Longitude
    -105.106
    Latitude
    40.0035

    Nearby Similar for Lease

    • $15 SF/Yr

      Lafayette Office Space For Lease

      1,901 SF office/medical space near downtown Lafayette.
      401 E Cleveland St, Lafayette, CO 80026
      View Details
    • $21 SF/Yr

      Lafayette Retail Center with Carwash

      Retail center with car wash, strong cash flow, 7 CAP.
      100 E South Boulder Rd, Lafayette, CO
      View Details
    • $39 SF/Yr

      Lafayette Office Spaces For Lease

      Individual office spaces in a classic farmhouse setting.
      2581 Park Ln, Lafayette, CO 80026
      View Details
    • $39 SF/Yr

      Individual Offices in Classic Farmhouse

      Individual office spaces available in a renovated farmhouse setting.
      2581 Park, Lafayette, CO 80026
      View Details
    • $21 SF/Yr

      Lafayette Corner Retail/Office Space

      Retail, restaurant, or office space with drive-through window.
      100 E South Boulder Suite 101, Lafayette, CO 80026
      View Details
    • $450/Mo

      Class A Office Space Available

      First-floor office space for lease between Boulder and Metro Denver.
      1380 Forest Park Cir, Lafayette, CO
      View Details
    • $15 SF/Yr

      Lafayette Office/Flex Space Available

      Well-maintained office/flex suite in prime location near Old Town.
      1376 Miners Dr, Lafayette, CO
      View Details
    • $30 SF/Yr

      Downtown Lafayette Retail/Office Space

      Versatile retail or office space with parking in downtown Lafayette.
      400 E Simpson St, Lafayette, CO
      View Details
    • $30 SF/Yr

      Turnkey Medical Office Space

      Medical office space available within the Good Samaritan Hospital campus.
      300 Exempla Cir, Lafayette, CO
      View Details
    • $2,286/Mo

      Turnkey Office Space Available

      Second floor office space with existing build out for sublease.
      337 E Simpson St, Lafayette, CO
      View Details
    • $25 SF/Yr

      Rustic Office Space For Rent

      Cabin-style office suites with easy access to nearby cities.
      1300 N Plaza Ct, Lafayette, CO
      View Details
    • $12 SF/Yr

      Compact Warehouse Space with Amenities

      Efficient warehouse with distributed power, cooling, and outdoor storage.
      505 Stacy Ct., Lafayette, CO
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse with 14’ overhead doors, near Highway 287.
    Where is this warehouse located?
    The property is located at 640 Aspen Ridge Dr Lafayette, CO.
    What are key features of this property?
    This property features: Quick access to E‑470, I‑25, and US‑36.; Located near Highway 287 and Baseline Road by Super Wal‑Mart.; **2,500—25,000 SF available.**
    (303) 447-8326 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shane Tebo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    640 Aspen Ridge Dr, Lafayette, CO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!