Industrial Flex Warehouse
For Sale
Contact for pricing
850-910 Lone Tree Ln, Nunn, CO 80648
Four industrial buildings totaling 50,600 SF on 9.18 acres, with multiple drive-in doors and fenced outside storage.
Property Size50,600 SF
Price / SF$118.58
Days on Market772
Property Features for 850-910 Lone Tree Ln
General Information
Standard status
Active
Size
50,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 776-3900
Listed By:
Jared Goodman · License #40017764
(970) 267-7723
Source:
Moodyscre
Added: Aug 2, 2024
Changed: Aug 15
Last Checked: Sep 12 at 3:34AM
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 Cushman & Wakefield | Fort Collins
Investment Insights
Based on property information with market context.
An industrial flex warehouse campus comprising four buildings totaling 50,600 square feet across three separate lots totaling 9.18 acres. The property includes two steel free-span buildings built in 2021 with clear heights of 20' and 22', plus two Quonset style buildings with 16' overhead doors and 28' clear height at the peak. Multiple overhead drive-in doors support access for warehouse and shop operations, and the site includes heavy power service with 1,350 amps total, including 220-volt and 480-volt, 3-phase supply. Fenced outside storage is also available to support equipment or material staging.
The property is located along Highway 85 between Greeley, CO and Cheyenne, WY, offering direct highway access and practical versatility for industrial use. The seller will entertain selling parcels individually.
The property is located along Highway 85 between Greeley, CO and Cheyenne, WY, offering direct highway access and practical versatility for industrial use. The seller will entertain selling parcels individually.
Key Highlights
- Four industrial buildings totaling 50,600 SF on 9.18 acres, with space offered at 850, 900, and 910 Lone Tree Lane
- Two steel free‑span buildings built in 2021 with 20' and 22' clear heights
- Two Quonset‑style buildings with 16' overhead doors and 28' clear height at the peak
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
$451,159
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
7.52%
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%
$9,023,180
$9.0M
Cap Rate 7%
$6,445,129
$6.4M
Cap Rate 9%
$5,012,878
$5.0M
Market Conditions
NOI Build-Up for 50,600 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
$698.3K $13.80/SF
− Vacancy
−$53.8K −$1.06/SF
EGI
$644.5K $12.74/SF
− OpEx
−$193.4K −$3.82/SF
NOI
$451.2K $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%
$9,023,180
Cap Rate 7%
$6,445,129
Cap Rate 9%
$5,012,878
Alternative Uses
Best Use
Warehouse
$8.06M
$7.06M – $9.41M
NOI $564,434 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$6.45M
$5.64M – $7.52M
NOI $451,159 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office B
$9.22M
$8.07M – $10.76M
NOI $645,530 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80648, CO
1,261
Population
582
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
97%
High-School Grad
152.8 sq mi
ZIP Area
8
Density / Sq Mi
$92,432
Median Household Income
$58,382
Median Earnings
$2,192
Median Rent
$393,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Four industrial buildings totaling 50,600 SF on 9.18 acres, with multiple drive-in doors and fenced outside storage.
Where is this warehouse located?
The property is located at 850-910 Lone Tree Ln Nunn, CO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Four industrial buildings totaling 50,600 SF on 9.18 acres, with space offered at 850, 900, and 910 Lone Tree Lane; Two steel free‑span buildings built in 2021 with 20' and 22' clear heights; Two Quonset‑style buildings with 16' overhead doors and 28' clear height at the peak
