Well-Maintained Commercial Property For
For Sale
$1,500,000
688 45 Rd, De Beque, CO 81630
Commercial property with global tenant, automatic security, and vehicle service.
Property Size9,780 SF
Lot Size5.71 Acres
Price / SF$153.37
Days on Market199
Property Features for 688 45 Rd
General Information
Standard status
Active
Size
9,780 SF
Lot size
5.71 Acres
Taxes and HOA fees
Annual Taxes
$11,884
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katherine Davis · License #12736
(970) 778-5083
Source:
Exprealty
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 9 at 8:44PM
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 S.U.R.E., LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial property offers a strong investment opportunity with a global operations tenant in place. The property has a cap rate of 6.8%. 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 consists of 9,780 heated square feet on 5.71 acres. Automatic security fencing surrounds the entire property. The property has abundant power with three phase @ 225, three phase @ 480, and three phase @ 225. The lower level features a breakroom, an IT room/office, an office, and two shared men/women’s restrooms. The second level contains two offices and a conference room. The warehouse includes ten 14’ automatic overhead doors, four of which are drive-thru. Each bay door has air lines installed and ready for use. One section of the drive-thru bay doors includes a vehicle service pit along with oil pumping equipment for servicing vehicles. The warehouse also includes a storage closet, a bathroom with two showers, double sinks, climate control, and a floor drain.
Key Highlights
- Strong global operations tenant in place providing immediate income.
- Attractive 6.8% cap rate.
- Tenant covers all utilities and a portion of repairs, maintenance, and insurance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,441
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
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
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 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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, automatic security, 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 providing immediate income.; Attractive 6.8% cap rate.; Tenant covers all utilities and a portion of repairs, maintenance, and insurance.
