Gated Flex Space with
For Sale
$1,100,000
7155 Ivy St, Commerce City, CO 80022
I-1-zoned flex property with warehouse, office, and a fully gated yard.
Property Size4,500 SF
Lot Size0.46 Acres
Price / SF$244.44
Days on Market50
Property Features for 7155 Ivy St
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
7
Lot size
0.46 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
3,400 SF
Office Build-Out
1,100 SF
Additional Details
HOA Fee
$208.33
Amenities
gated yard
Building Details
Building Size
4,500 SF
Year Built
2002
Buildings
1
Listing Agency:
Unique Properties, Inc
(303) 941-8112
Listed By:
Sam Leger · License #FA100084828
(303) 941-8112
Source:
Uniqueprop
Added: Jul 12
Changed: Aug 30
Last Checked: Aug 30 at 8:31AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Built in 2002, this 4,500 SF flex property combines approximately 3,400 SF of warehouse area with 1,100 SF of office space. The I-1 zoning supports its light-industrial configuration, while warehouse equipment is included with the sale. A fully gated yard and seven parking spaces directly in front of the building add practical functionality for daily operations.
The property occupies a 20,038 SF lot at 7155 Ivy St in Commerce City, within the northeast Denver industrial corridor. Access to I-270, I-76, and I-70 connects the site to the regional transportation network. The building has been maintained by the same owner for more than 20 years.
The property occupies a 20,038 SF lot at 7155 Ivy St in Commerce City, within the northeast Denver industrial corridor. Access to I-270, I-76, and I-70 connects the site to the regional transportation network. The building has been maintained by the same owner for more than 20 years.
Key Highlights
- 4,500 SF I‑1‑zoned building on a 20,038 SF lot
- Approximately 3,400 SF of warehouse area and 1,100 SF of office space
- Fully gated yard for controlled site access
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
$81,405
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
7.40%
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%
$1,628,100
$1.6M
Cap Rate 7%
$1,162,929
$1.2M
Cap Rate 9%
$904,500
$904.5K
Market Conditions
NOI Build-Up for 4,500 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
$135.0K $30.00/SF
− Vacancy
−$26.5K −$5.88/SF
EGI
$108.5K $24.12/SF
− OpEx
−$27.1K −$6.03/SF
NOI
$81.4K $18.09/SF
Area
Adams County, CO
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,628,100
Cap Rate 7%
$1,162,929
Cap Rate 9%
$904,500
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,405 @ 7.0% cap · market cap 7.40%
Second Best
Warehouse
$930.0K
$813.8K – $1.09M
NOI $65,102 @ 7.0% cap · market cap 5.92%
Theoretical Best
Multifamily LT 5
$66.21M
$57.93M – $77.24M
NOI $4,634,611 @ 7.0% cap · market cap 421.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned flex property with warehouse, office, and a fully gated yard.
Where is this flex space located?
The property is located at 7155 Ivy St Commerce City, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,500 SF I‑1‑zoned building on a 20,038 SF lot; Approximately 3,400 SF of warehouse area and 1,100 SF of office space; Fully gated yard for controlled site access
