Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newer Building in Erie Title is generated by Realmo AI

    671 Mitchell Way, Erie, CO 80516

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

    Newer commercial building available for rent in Erie, Colorado.

    Type:Office
    Added:
    Mar 24, 2026
    Days on Market:
    54
    Last Refresh:
    Mar 25 at 8:21 pm

    Property Features for 671 Mitchell Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2016

    Spaces For Lease

    at 671 Mitchell Way Contact us

    Suite 208 $27/Mo

    Size
    1,894 SF
    Type
    Office
    Designed as a physical therapist space with exam rooms (10'x10'), waiting area, reception,...
    show more
    Contact us

    We can help!

    Listing Contact
    Heath Irwin

    Listing agent Heath Irwin License #CO FA.040038201

    Listing office Irwin & Hendrick -East

    Listing date Mar 24, 2026

    Source Crexi

    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 Irwin & Hendrick -East

    HighLights

    • Newer building
    • Built in 2016

    Overview

    This is a newer commercial building located in Erie, Colorado. The property is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    3D 4D Ultrasound ... Medical Clinic Deters Law, LLC Law Firm Dr. Ben DiNobile ... Alternative Medicine Practice Stephanie S. Smith, ... Physician Integral Physical Therapy Physician

    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

    • Cajun Tiger — 1593 palmer ln, erie, co 80516

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Boulder
    State
    Colorado
    Longitude
    -105.0537711
    Latitude
    40.0343414

    Nearby Similar for Lease

    • $21 SF/Yr
      876 SF

      Downtown Erie Professional Office Space

      876 sq ft office space in Downtown Erie, Colorado.
      695 Pierce St, Erie, CO 80516
      View Details
    • $21 SF/Yr
      3,800 SF

      Downtown Erie Office Space Available

      Office space in downtown Erie with customizable layout and parking.
      660 Briggs Street, Erie, CO 80516
      View Details
    • $15 SF/Yr
      19,420 SF

      Erie Warehouse with Office Space

      Office and warehouse blend in north Erie location.
      1067 Telleen Ave, Erie, CO
      View Details
    • $10,900/Mo
      4,000 SF

      Erie, Colorado Office/Flex Space

      Office and flex space available for lease in Erie.
      2546 S Main Street #A, Erie, CO 80516
      View Details
    • Contact for pricing
      19,700 SF

      Retail Space in Growing Area

      Retail property in a growing residential market, fronting Highway 7.
      50 County Rd 3, Erie, CO
      View Details
    • Contact for pricing
      2,800 SF

      Erie Retail Space with Drive-Thru

      Retail space with drive-thru and high visibility available for rent.
      3140 Village Vista, Erie, CO
      View Details
    • Contact for pricing
      64,931 SF

      Industrial Space in Broomfield, Colorado

      Industrial space available for lease in Broomfield, Colorado.
      17754 Spinnaker Way, Erie, CO
      View Details

    FAQs

    What type of property is this?
    Office space - Newer commercial building available for rent in Erie, Colorado.
    Where is this office space located?
    The property is located at 671 Mitchell Way Erie, CO.
    What are key features of this property?
    This property features: Newer building; Built in 2016
    (303) 909-5596 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Heath Irwin
    Real Estate License ID: CO FA.040038201
    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
    671 Mitchell Way, Erie, CO 80516
    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!