Freestanding Industrial
For Sale
Contact for pricing
711 First Avenue, Longmont, CO 55313
Standalone commercial building positioned within a planned transportation and residential development corridor.
Property Size5,600 SF
Lot Size0.44 Acres
Price / SF$222.86
Days on Market10
Property Features for 711 First Avenue
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.44 Acres
Property subtype
Industrial, Special Purpose
Building Details
Buildings
1
Building Size
5,600 SF
Listing Agency:
Prime Commercial Real Estate
Listed By:
Nelson Miner · License #CO FA.001311382
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 16 at 1:22PM
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 Prime Commercial Real Estate
Investment Insights
Based on property information with market context.
The property includes a freestanding 5,600-square-foot building on a 0.44-acre parcel. Its standalone configuration supports consideration by an owner-user or other commercial occupant seeking an industrial-class property in an established district.
The site is in Old Town Longmont along First Avenue and is adjacent to the planned RTD and City of Longmont Transportation Center. That project includes a 600-space parking garage and 240 apartment units. Additional surrounding plans include a Front Range Community College campus for 4,100 students, South Main Street Station with 480 occupied apartments, and 121 Main with 198 approved apartment units, 11,000 square feet of commercial space, and 310 garage parking spaces. The planned 301 First Avenue Boston Station adds 371 apartment units to the broader development context.
The site is in Old Town Longmont along First Avenue and is adjacent to the planned RTD and City of Longmont Transportation Center. That project includes a 600-space parking garage and 240 apartment units. Additional surrounding plans include a Front Range Community College campus for 4,100 students, South Main Street Station with 480 occupied apartments, and 121 Main with 198 approved apartment units, 11,000 square feet of commercial space, and 310 garage parking spaces. The planned 301 First Avenue Boston Station adds 371 apartment units to the broader development context.
Key Highlights
- 5,600‑square‑foot freestanding building
- 0.44‑acre parcel in Old Town Longmont
- Adjacent to planned RTD and City of Longmont Transportation Center
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
$49,931
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
4.00%
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%
$998,620
$998.6K
Cap Rate 7%
$713,300
$713.3K
Cap Rate 9%
$554,789
$554.8K
Market Conditions
NOI Build-Up for 5,600 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
$77.3K $13.80/SF
− Vacancy
−$6.0K −$1.06/SF
EGI
$71.3K $12.74/SF
− OpEx
−$21.4K −$3.82/SF
NOI
$49.9K $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%
$998,620
Cap Rate 7%
$713,300
Cap Rate 9%
$554,789
Alternative Uses
Best Use
Industrial
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.02M
$893.0K – $1.19M
NOI $71,442 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,434
Businesses Nearby
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Standalone commercial building positioned within a planned transportation and residential development corridor.
Where is this industrial property located?
The property is located at 711 First Avenue Longmont, CO.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: 5,600‑square‑foot freestanding building; 0.44‑acre parcel in Old Town Longmont; Adjacent to planned RTD and City of Longmont Transportation Center
