Flex Space with Secured
New
For Sale
Contact for pricing
862 BRICKYARD CIR, Golden, CO
Industrial improvements pair warehouse capacity with office buildout and heavy power.
Property Size13,444 SF
Price / SF$399.81
Days on Market7
Property Features for 862 BRICKYARD CIR
General Information
Standard status
Active
Size
13,444 SF
Class
B
Property subtype
Industrial
Zoning
PUD (Golden)
Investment Type
Owner/User
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
2003
Buildings
1
Stories
2
Units
1
Listing Agency:
Digby Commercial Advisors
(720) 843-1330
Listed By:
Wade Wilson · License #FA100083302
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 7:13AM
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 Digby Commercial Advisors
Investment Insights
Based on property information with market context.
This 13,444-square-foot flex property, built in 2003, combines warehouse and office components within a functional industrial layout. The building includes high-clear warehouse space, heavy power, professional office improvements, and a secured yard area. Four points of access support movement around the property and connect the building to its surrounding site.
The property is located at 862 Brickyard Circle in Golden, Colorado, within an established industrial corridor. Zoning is designated PUD (Golden), providing the applicable land-use framework for the site. The combination of warehouse improvements, office space, power capacity, yard area, and multiple access points supports a range of flex-oriented commercial operations.
The property is located at 862 Brickyard Circle in Golden, Colorado, within an established industrial corridor. Zoning is designated PUD (Golden), providing the applicable land-use framework for the site. The combination of warehouse improvements, office space, power capacity, yard area, and multiple access points supports a range of flex-oriented commercial operations.
Key Highlights
- 13,444‑square‑foot flex property built in 2003
- High‑clear warehouse space with heavy power
- Professional office buildout within the industrial property
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
$181,172
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
3.37%
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%
$3,623,440
$3.6M
Cap Rate 7%
$2,588,171
$2.6M
Cap Rate 9%
$2,013,022
$2.0M
Market Conditions
NOI Build-Up for 13,444 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
$272.6K $20.28/SF
− Vacancy
−$31.1K −$2.31/SF
EGI
$241.6K $17.97/SF
− OpEx
−$60.4K −$4.49/SF
NOI
$181.2K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$3,623,440
Cap Rate 7%
$2,588,171
Cap Rate 9%
$2,013,022
Alternative Uses
Best Use
Office B
$2.59M
$2.26M – $3.02M
NOI $181,172 @ 7.0% cap · market cap 3.37%
Second Best
Flex RnD
$1.61M
$1.41M – $1.88M
NOI $112,875 @ 7.0% cap · market cap 2.10%
Theoretical Best
Multifamily LT 5
$29.92M
$26.18M – $34.90M
NOI $2,094,243 @ 7.0% cap · market cap 38.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial improvements pair warehouse capacity with office buildout and heavy power.
Where is this flex space located?
The property is located at 862 BRICKYARD CIR Golden, CO.
What is the asking price?
The asking price for this property is $5,375,000.
What are key features of this property?
This property features: 13,444‑square‑foot flex property built in 2003; High‑clear warehouse space with heavy power; Professional office buildout within the industrial property
