NNN-Leased Flex
For Sale
Contact for pricing
7655 W 108th Ave #600, Broomfield, CO 80021
Current brewery occupancy includes a liquor license, patio, drive-in access, and prominent signage.
Property Size5,140 SF
Price / SF$252.92
Days on Market166
Property Features for 7655 W 108th Ave #600
General Information
Standard status
Active
Size
5,140 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$89,856
Additional Details
Highway Access
Yes
Drive-In Doors
2
Amenities
prominent building and monument signage
patio
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Kinsey & Company Commercial Real Estate
(303) 847-1295
Listed By:
Brady Kinsey · License #FA100049160
Source:
Crexi
Added: Mar 18
Changed: Aug 29
Last Checked: Aug 29 at 1:24PM
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 Kinsey & Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This 5,140-square-foot flex condominium is occupied by Westminster Brewing Co. under a NNN lease. The existing brewery operation includes an in-place liquor license, patio area, two drive-in doors, and prominent building and monument signage. The property is part of an established building park and is configured for its current specialty commercial use.
The site is positioned near Highway 36, the Shops at Walnut Creek, and Target, with access to the U.S. 36 Tech Corridor between Denver and Boulder. The surrounding three-mile area includes approximately 87,331 people and has an average income of $114,977. The property address is 7655 W 108th Ave, #600.
The site is positioned near Highway 36, the Shops at Walnut Creek, and Target, with access to the U.S. 36 Tech Corridor between Denver and Boulder. The surrounding three-mile area includes approximately 87,331 people and has an average income of $114,977. The property address is 7655 W 108th Ave, #600.
Key Highlights
- 5,140 SF flex condominium occupied under a NNN lease
- Existing brewery operation with liquor license in place
- Two drive‑in doors and patio area
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
$43,155
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
3.32%
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%
$863,100
$863.1K
Cap Rate 7%
$616,500
$616.5K
Cap Rate 9%
$479,500
$479.5K
Market Conditions
NOI Build-Up for 5,140 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
$70.9K $13.80/SF
− Vacancy
−$4.5K −$0.88/SF
EGI
$66.4K $12.92/SF
− OpEx
−$23.2K −$4.52/SF
NOI
$43.2K $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 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%
$863,100
Cap Rate 7%
$616,500
Cap Rate 9%
$479,500
Alternative Uses
Best Use
Flex RnD
$616.5K
$539.4K – $719.3K
NOI $43,155 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$569.0K
$497.9K – $663.9K
NOI $39,832 @ 7.0% cap · market cap 3.06%
Theoretical Best
Multifamily LT 5
$11.44M
$10.01M – $13.34M
NOI $800,685 @ 7.0% cap · market cap 61.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80021, CO
36,176
Population
17,353
Households
2.1
Avg Household Size
36
Median Age
53%
College-Educated
98%
High-School Grad
16.5 sq mi
ZIP Area
2,192
Density / Sq Mi
$105,645
Median Household Income
$59,947
Median Earnings
$2,054
Median Rent
$530,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Current brewery occupancy includes a liquor license, patio, drive-in access, and prominent signage.
Where is this flex space located?
The property is located at 7655 W 108th Ave #600 Broomfield, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,140 SF flex condominium occupied under a NNN lease; Existing brewery operation with liquor license in place; Two drive‑in doors and patio area
