Building Details

Building Size 17,296 SF

Year Built 1910

Listing Agency: Cushman & Wakefield

Listed By: Anne Spry · License #FA100084836 Show Phone

Source: Commercialcafe

Added: Jul 17 Changed: Aug 8 Last Checked: Sep 4 at 2:09AM

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Investment Insights

Based on property information with market context.

701 7th Avenue is a flex-style industrial property with multiple buildings and outdoor storage potential. The site was formerly operated as a long-standing family lumber yard, supporting a functional layout for a range of industrial, construction, building supply, contractor, service, distribution, or equipment-related uses.

The property is positioned for convenient access to I-76 and Highway 52 and is located to serve Hudson, Keenesburg, Brighton, and the greater Denver metro area’s northeastern corridor. Its corner location also provides visibility intended to support both operational efficiency and customer accessibility.

Overall, the combination of multiple structures and outdoor storage capacity offers flexibility for users seeking a yard-capable industrial/flex site.

Key Highlights

• Year built 1910 industrial property with multiple buildings
• Former family lumber yard with flex‑style industrial use for contractor, service, distribution, or equipment‑related users
• Highly visible corner location designed for customer accessibility

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

$154,214

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

8.57%

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%

$3,084,280 $3.1M

Cap Rate 7%

$2,203,057 $2.2M

Cap Rate 9%

$1,713,489 $1.7M

Market Conditions

NOI Build-Up for 17,296 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

$238.7K $13.80/SF

− Vacancy

−$18.4K −$1.06/SF

EGI

$220.3K $12.74/SF

− OpEx

−$66.1K −$3.82/SF

NOI

$154.2K $8.92/SF

Area

Weld County, CO

Vacancy

7.70%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

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%

$3,084,280

Cap Rate 7%

$2,203,057

Cap Rate 9%

$1,713,489

Alternative Uses

Best Use

Warehouse

$2.76M

$2.41M – $3.22M (±1% cap)

NOI $192,934 @ 7.0% cap · market cap 10.72%

Second Best

Industrial

$2.20M

$1.93M – $2.57M (±1% cap)

NOI $154,214 @ 7.0% cap · market cap 8.57%

Theoretical Best

Office B

$3.15M

$2.76M – $3.68M (±1% cap)

NOI $220,654 @ 7.0% cap · market cap 12.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80642, CO

4,139

Population

1,506

Households

2.7

Avg Household Size

42

Median Age

19%

College-Educated

82%

High-School Grad

99.3 sq mi

ZIP Area

42

Density / Sq Mi

$103,389

Median Household Income

$49,839

Median Earnings

$1,160

Median Rent

$568,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Flex-style industrial property with multiple buildings and outdoor storage potential on a highly visible corner location.

Where is this flex space located?

The property is located at 701 7th Avenue Hudson, CO.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Year built 1910 industrial property with multiple buildings; Former family lumber yard with flex‑style industrial use for contractor, service, distribution, or equipment‑related users; Highly visible corner location designed for customer accessibility