Well-Maintained Commercial Property on 5.71
For Sale
$1,500,000
688 45 Rd, De Beque, CO 81630
Commercial property with global tenant, security fencing, and vehicle service.
Property Size9,780 SF
Lot Size5.69 Acres
Price / SF$153.37
Days on Market208
Property Features for 688 45 Rd
General Information
Standard status
Active
Size
9,780 SF
Lot size
5.69 Acres
Taxes and HOA fees
Annual Taxes
$11,884
Listing Agency:
Bray Commercial LLC
(970) 778-5083
Listed By:
Katherine Davis · License #FA.100094662
(970) 778-5083
Source:
Exprealty
Added: Jan 26
Changed: Aug 21
Last Checked: Aug 21 at 11:25AM
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 Bray Commercial LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial property offers an investment opportunity with a global operations tenant in place, featuring a cap rate of 6.6%. The tenant is responsible for all utilities, a portion of repairs and maintenance, and insurance. The lease includes a 3% annual escalation clause and an option to renew for another two-year term. The property includes automatic security fencing surrounding the entire 5.71 acres. The two-story building provides 9,780 heated square feet. The property has ample power with three-phase @ 225, three-phase @ 480, and three-phase @ 225, suitable for uses such as welding. The lower level features a breakroom, IT room, office, and two shared men's/women's restrooms. The second level contains two offices and a conference room. The warehouse includes six 14-foot automatic overhead doors, four of which are drive-through. Each bay door has air lines installed. One section of the drive-through bay doors includes a vehicle service pit along with oil pumping equipment. The warehouse also includes a storage closet, a bathroom with two showers and double sinks, and heating and cooling.
Key Highlights
- Strong global operations tenant in place with a 6.6% cap rate, providing a great investment opportunity.
- Lease includes a 3% annual escalation clause and a renewal option for another two‑year term.
- Well‑maintained commercial property with 9,780 sq ft on 5.71 acres, featuring automatic security fencing.
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
$91,441
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
6.10%
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%
$1,828,820
$1.8M
Cap Rate 7%
$1,306,300
$1.3M
Cap Rate 9%
$1,016,011
$1.0M
Market Conditions
NOI Build-Up for 9,780 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
$113.8K $11.64/SF
− Vacancy
−$6.3K −$0.64/SF
EGI
$107.6K $11.00/SF
− OpEx
−$16.1K −$1.65/SF
NOI
$91.4K $9.35/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /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%
$1,828,820
Cap Rate 7%
$1,306,300
Cap Rate 9%
$1,016,011
Alternative Uses
Best Use
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,441 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$1.08M
$941.3K – $1.26M
NOI $75,305 @ 7.0% cap · market cap 5.02%
Theoretical Best
Healthcare Medical
$18.56M
$16.24M – $21.65M
NOI $1,299,175 @ 7.0% cap · market cap 86.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81630, CO
1,019
Population
437
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
1,256.6 sq mi
ZIP Area
1
Density / Sq Mi
$72,344
Median Household Income
$43,750
Median Earnings
$1,275
Median Rent
$276,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Debeque Self Storage — 264 Minter Ave, De Beque, CO 81630
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property with global tenant, security fencing, and vehicle service.
Where is this warehouse located?
The property is located at 688 45 Rd De Beque, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Strong global operations tenant in place with a 6.6% cap rate, providing a great investment opportunity.; Lease includes a 3% annual escalation clause and a renewal option for another two‑year term.; Well‑maintained commercial property with 9,780 sq ft on 5.71 acres, featuring automatic security fencing.
