Versatile Flex Space For
1001 Depot Hill Rd Broomfield, CO 80020
1001 Depot Hill Rd, Broomfield, CO, 80020
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For Sale
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Adaptable commercial space suitable for diverse business needs.
Property Size970 SF
Price / SF$309.28
Days on Market872
Property Features for 1001 Depot Hill Rd
General Information
- Standard status
- Active
- Size
- 970 SF
- Property subtype
- Retail, Office, Industrial, Mixed Use
Listing Agency
Health Connect Properties
Listed by
Patricia Wassik · License #CO
Source
Crexi
Added: Feb 26, 2024 Checked: Jul 16 at 8:58 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $24.12 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $22.1k | $22.82 |
| − OpEx | −$6.6k | −$6.85 |
| NOI | $15.5k | $15.97 |
970 SF · lease $24.12/SF/yr · vacancy 5.40% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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.
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.
