Versatile Flex Space For
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1001 DEPOT HILL RD BROOMFIELD CO 80020-1083, Broomfield, CO 80020
Adaptable commercial space suitable for diverse business needs.
Property Size970 SF
Price / SF$309.28
Days on Market917
Property Features for 1001 DEPOT HILL RD BROOMFIELD CO 80020-1083
General Information
Standard status
Active
Size
970 SF
Property subtype
Retail, Office, Industrial, Mixed Use
Lease Type
NNN
Building Details
Units
33
Listing Agency:
Health Connect Properties
Listed By:
Patricia Wassik · License #CO
Source:
Crexi
Added: Feb 26, 2024
Changed: Aug 24
Last Checked: Aug 29 at 3:10AM
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 Health Connect Properties
Investment Insights
Based on property information with market context.
This versatile flex space is designed to perform multiple functions, offering adaptability for various business needs. With minimal modification, the 970 square feet unit can expand or contract to suit the evolving demands of your business. The space's versatility accommodates a range of uses, from yoga studios requiring open areas to incubators needing operational and storage space. It can be customized into a permanent location with a fixed address. Flexible commercial space has gained popularity as people discover innovative ways to utilize these properties. Hobbyists find it suitable for storing collectibles, while retail stores benefit from easy access to inventory and equipment. Traditional businesses have downsized office space, favoring collaboration areas and remote work.
Key Highlights
- Versatile space adaptable for various uses like yoga studios, incubators, retail, and even storage.
- Customizable to suit specific needs and business growth.
- Desirable fixed address.
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
$15,493
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
5.16%
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%
$309,860
$309.9K
Cap Rate 7%
$221,329
$221.3K
Cap Rate 9%
$172,144
$172.1K
Market Conditions
NOI Build-Up for 970 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
$23.4K $24.12/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$22.1K $22.82/SF
− OpEx
−$6.6K −$6.85/SF
NOI
$15.5K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /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%
$309,860
Cap Rate 7%
$221,329
Cap Rate 9%
$172,144
Alternative Uses
Best Use
Retail
$221.3K
$193.7K – $258.2K
NOI $15,493 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 4.53%
Theoretical Best
Multifamily LT 5
$2.16M
$1.89M – $2.52M
NOI $151,102 @ 7.0% cap · market cap 50.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 80020, CO
52,141
Population
21,607
Households
2.4
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.8 sq mi
ZIP Area
2,633
Density / Sq Mi
$114,039
Median Household Income
$58,056
Median Earnings
$2,024
Median Rent
$570,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable commercial space suitable for diverse business needs.
Where is this mixed-use property located?
The property is located at 1001 DEPOT HILL RD BROOMFIELD CO 80020-1083 Broomfield, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Versatile space adaptable for various uses like yoga studios, incubators, retail, and even storage.; Customizable to suit specific needs and business growth.; Desirable fixed address.
