Versatile Flex Space at Depot
For Sale
Contact for pricing
1001 Depot Hill Rd, Broomfield, CO 80020
Adaptable commercial space suitable for diverse business and personal uses.
Property Size970 SF
Price / SF$319.59
Days on Market963
Property Features for 1001 Depot Hill Rd
General Information
Standard status
Active
Size
970 SF
Property subtype
Retail, Office, Industrial, Mixed Use
Building Details
Units
33
Listing Agency:
Health Connect Properties
Listed By:
Patricia Wassik · License #CO
Source:
Crexi
Added: Feb 26, 2024
Changed: Oct 4
Last Checked: Oct 14 at 10:56PM
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
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Investment Insights
Based on property information with market context.
This versatile flex space is designed to perform multiple functions, offering adaptability for various needs. The unit can be modified to accommodate different uses, allowing it to expand or contract based on business or personal requirements. The property's versatility makes it suitable for yoga studios needing open space, incubators seeking operational and storage areas, and hobbyists looking for space to store collectibles. Retail stores can benefit from easy access to inventory and equipment. Traditional businesses may find it useful for collaboration areas and remote work. My Flex Space at Depot Hill offers the opportunity to customize a permanent location with a fixed address. The property contains 970 square feet.
Key Highlights
- Versatile space adaptable for various uses like yoga studios, retail, and storage.
- Customizable permanent location with a fixed address.
- Space can grow or contract to meet changing business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,493
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
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
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 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 5.00%
Second Best
Mixed Use
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 4.39%
Theoretical Best
Multifamily LT 5
$2.16M
$1.89M – $2.52M
NOI $151,102 @ 7.0% cap · market cap 48.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space suitable for diverse business and personal uses.
Where is this flex space located?
The property is located at 1001 Depot Hill Rd Broomfield, 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: Versatile space adaptable for various uses like yoga studios, retail, and storage.; Customizable permanent location with a fixed address.; Space can grow or contract to meet changing business needs.
