Flex Space with Drive-In
For Sale
Contact for pricing
791 Southpark Dr, Littleton, CO 80120
Brand new flex space with drive-in loading and a 60% office, 40% warehouse layout.
Property Size2,100 SF
Price / SF$309.05
Days on Market386
Property Features for 791 Southpark Dr
General Information
Standard status
Active
Size
2,100 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers - Denver
(303) 745-5800
Listed By:
Steve Serenyi · License #FA.040016442
(303) 283-4578
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Sep 14
Last Checked: Sep 16 at 1:37PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
Brand new flex space offering a practical blend of office and warehouse operations, with interior space configured at approximately 60% office and 40% warehouse. The property includes drive-in loading to support efficient movement of goods and materials as part of everyday use.
Located in a tight trade area, the property is presented as limited availability.
This configuration supports users seeking a space that combines work space with warehouse functionality in a single footprint.
Located in a tight trade area, the property is presented as limited availability.
This configuration supports users seeking a space that combines work space with warehouse functionality in a single footprint.
Key Highlights
- Brand new flex space with a 60% office and 40% warehouse layout
- Drive‑in loading for convenient warehouse access
- Office and warehouse are combined in a flexible work/storage layout
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
$29,968
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
4.62%
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%
$599,360
$599.4K
Cap Rate 7%
$428,114
$428.1K
Cap Rate 9%
$332,978
$333.0K
Market Conditions
NOI Build-Up for 2,100 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
$43.6K $20.76/SF
− Vacancy
−$785 −$0.37/SF
EGI
$42.8K $20.39/SF
− OpEx
−$12.8K −$6.12/SF
NOI
$30.0K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /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%
$599,360
Cap Rate 7%
$428,114
Cap Rate 9%
$332,978
Alternative Uses
Best Use
Industrial
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 4.62%
Second Best
Flex RnD
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$721.3K
$631.2K – $841.5K
NOI $50,492 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
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 - Brand new flex space with drive-in loading and a 60% office, 40% warehouse layout.
Where is this flex space located?
The property is located at 791 Southpark Dr Littleton, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Brand new flex space with a 60% office and 40% warehouse layout; Drive‑in loading for convenient warehouse access; Office and warehouse are combined in a flexible work/storage layout
