Customizable Flex Spaces for
For Sale
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10264 Dransfeldt Place Unit 121 Parker CO, Parker, CO 80134
Affordable, customizable flex spaces suitable for various business and personal needs.
Property Size2,916 SF
Price / SF$450
Days on Market887
Property Features for 10264 Dransfeldt Place Unit 121 Parker CO
General Information
Standard status
Active
Size
2,916 SF
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Building Details
Buildings
1
Units
1
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Mar 19, 2024
Changed: Aug 14
Last Checked: Aug 22 at 12:41PM
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 Personal Warehouse & Red Commercial
Investment Insights
Based on property information with market context.
Northstar Flex Spaces offer customizable interiors and standard amenities, including HVAC, power, security, and unlimited access. These spaces are suitable for creative offices, assembly, distribution, or private studios, providing an ideal environment for small businesses to grow. Units range from 1,215 to 2,916 square feet, with the option to combine units for increased flexibility. Features include 14x14 overhead doors, painted steel mezzanines, wet bars, private restrooms with upgraded fixtures, LED lights, and HVAC with a 4-ton high-efficiency system. The spaces also offer 3-phase 150 amp power, polished concrete floors, 24-hour access, and glass storefront options on select units. Located in Parker, CO, at 10264 Dransfeldt Place Unit 121, Parker, CO 80134, these flex spaces cater to various needs, be it business, personal, or recreational.
Key Highlights
- Customizable interiors and flexible unit sizes from 1,215 to 2,916 SF, combinable for various needs.
- Standard amenities: HVAC, power, and security are included.
- Benefit from 24‑hour access.
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
$41,613
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
3.17%
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%
$832,260
$832.3K
Cap Rate 7%
$594,471
$594.5K
Cap Rate 9%
$462,367
$462.4K
Market Conditions
NOI Build-Up for 2,916 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
$60.5K $20.76/SF
− Vacancy
−$1.1K −$0.37/SF
EGI
$59.4K $20.39/SF
− OpEx
−$17.8K −$6.12/SF
NOI
$41.6K $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%
$832,260
Cap Rate 7%
$594,471
Cap Rate 9%
$462,367
Alternative Uses
Best Use
Industrial
$594.5K
$520.2K – $693.6K
NOI $41,613 @ 7.0% cap · market cap 3.17%
Second Best
Flex RnD
$543.6K
$475.6K – $634.2K
NOI $38,050 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.00M
$876.4K – $1.17M
NOI $70,111 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80134, CO
76,369
Population
28,663
Households
2.7
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
57.3 sq mi
ZIP Area
1,333
Density / Sq Mi
$142,162
Median Household Income
$66,327
Median Earnings
$2,027
Median Rent
$643,200
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.
Similar Off Market Nearby
- Sweet Lorraines Catering — 10465 S Parker Rd, Parker, CO 80134
- Charminar Express Indian Food Truck — S Parker Rd, Parker, CO 80134
Frequently Asked Questions
What type of property is this?
Flex space - Affordable, customizable flex spaces suitable for various business and personal needs.
Where is this flex space located?
The property is located at 10264 Dransfeldt Place Unit 121 Parker CO Parker, CO.
What is the asking price?
The asking price for this property is $1,312,200.
What are key features of this property?
This property features: Customizable interiors and flexible unit sizes from 1,215 to 2,916 SF, combinable for various needs.; Standard amenities: HVAC, power, and security are included.; Benefit from 24‑hour access.
