Golden Self-Storage Condo For
For Sale
Contact for pricing
879 Brickyard Cir, Golden, CO 80403
Self-storage condo with recent updates and excellent location.
Property Size1,200 SF
Price / SF$258.33
Days on Market103
Property Features for 879 Brickyard Cir
General Information
Standard status
Active
Size
1,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
Madison Commercial Properties
(720) 996-6357
Listed By:
Matthew Harper · License #FA100077118
Source:
Moodyscre
Added: May 20
Changed: Aug 14
Last Checked: Aug 29 at 5:35PM
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 Madison Commercial Properties
Investment Insights
Based on property information with market context.
This self-storage condo is located in Golden, Colorado, offering convenient access to US-6 for mountain travel. The property has been updated with features including an epoxy floor, fluorescent lights, and a security system. The unit spans 1200 square feet. Association dues are $571.73 per month.
Key Highlights
- Rare self‑storage condo in Golden
- Excellent location close to US‑6 for mountain access
- Recent updates including epoxy floor, florescent lights, and security system
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
$11,322
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
3.65%
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%
$226,440
$226.4K
Cap Rate 7%
$161,743
$161.7K
Cap Rate 9%
$125,800
$125.8K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$16.2K $13.48/SF
− OpEx
−$4.9K −$4.04/SF
NOI
$11.3K $9.43/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$14.40 /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%
$226,440
Cap Rate 7%
$161,743
Cap Rate 9%
$125,800
Alternative Uses
Best Use
Self Storage
$161.7K
$141.5K – $188.7K
NOI $11,322 @ 7.0% cap · market cap 3.65%
Second Best
Industrial
$132.8K
$116.2K – $155.0K
NOI $9,299 @ 7.0% cap · market cap 3.00%
Theoretical Best
Multifamily LT 5
$2.67M
$2.34M – $3.12M
NOI $186,930 @ 7.0% cap · market cap 60.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80403, CO
21,335
Population
8,983
Households
2.4
Avg Household Size
44
Median Age
65%
College-Educated
98%
High-School Grad
142.0 sq mi
ZIP Area
150
Density / Sq Mi
$145,315
Median Household Income
$81,856
Median Earnings
$2,210
Median Rent
$797,100
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?
Self storage facility - Self-storage condo with recent updates and excellent location.
Where is this self storage facility located?
The property is located at 879 Brickyard Cir Golden, CO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Rare self‑storage condo in Golden; Excellent location close to US‑6 for mountain access; Recent updates including epoxy floor, florescent lights, and security system
