Two-Unit Industrial Flex
7223 W 118th Pl, Broomfield, CO 80020
For Sale
$715,000
The adjoining condominium spaces are fully leased under an NNN structure through December 2030.
Property Size4,056 SF
Price / SF$176.28
Days on Market24
Property Features for 7223 W 118th Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Pinnacle Real Estate Advisors - Sandberg Monette
Listed By:
Corey Sandberg · License #FA100074750
(928) 533-4581
Source:
Pinnaclerea
Added: Oct 14
Changed: Nov 6
Last Checked: Nov 6 at 2:08PM
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 Pinnacle Real Estate Advisors - Sandberg Monette
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this 4,056-square-foot industrial flex property combines two adjoining condominium units. The configuration includes two roll-up doors serving the warehouse areas and eight dedicated parking spaces. Zoning is I-2 (General Industrial).
Located in Broomfield, Colorado, the property is fully leased through December 2030. The lease includes contractual 3% annual rent increases, and the tenant is responsible for all taxes and operating expenses.
Located in Broomfield, Colorado, the property is fully leased through December 2030. The lease includes contractual 3% annual rent increases, and the tenant is responsible for all taxes and operating expenses.
Key Highlights
- 4,056‑square‑foot industrial flex property comprised of two adjoining condominium units
- Fully leased through December 2030 with contractual 3% annual rent increases
- Two roll‑up doors provide access to the warehouse areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,054
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,080
$681.1K
Cap Rate 7%
$486,486
$486.5K
Cap Rate 9%
$378,378
$378.4K
Market Conditions
NOI Build-Up for 4,056 SF
Gross rent
$56.0K $13.80/SF
− Vacancy
−$3.6K −$0.88/SF
EGI
$52.4K $12.92/SF
− OpEx
−$18.3K −$4.52/SF
NOI
$34.1K $8.40/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,080
Cap Rate 7%
$486,486
Cap Rate 9%
$378,378
Alternative Uses
Best Use
Flex RnD
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$449.0K
$392.9K – $523.9K
NOI $31,431 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$9.03M
$7.90M – $10.53M
NOI $631,825 @ 7.0% cap · market cap 88.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80020, CO
52,141
Population
21,607
Households
2.4
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.8 sq mi
ZIP Area
2,633
Density / Sq Mi
$114,039
Median Household Income
$58,056
Median Earnings
$2,024
Median Rent
$570,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Jefferson County, CO
Properties on Market for Flex space in Jefferson County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The adjoining condominium spaces are fully leased under an NNN structure through December 2030.
Where is this flex space located?
The property is located at 7223 W 118th Pl Broomfield, CO.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 4,056‑square‑foot industrial flex property comprised of two adjoining condominium units; Fully leased through December 2030 with contractual 3% annual rent increases; Two roll‑up doors provide access to the warehouse areas
