Flex Building with Secure
For Sale
Contact for pricing
9168 Marshall Pl, Westminster, CO 80031
Flex building offers warehouse and office areas plus two drive-in doors and a secure yard for parking or storage.
Property Size6,352 SF
Price / SF$225
Days on Market154
Property Features for 9168 Marshall Pl
General Information
Standard status
Active
Size
6,352 SF
Property subtype
FLEX_R_AND_D
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Layne McBride · License #FA.100043911
(303) 913-8854
Source:
Moodyscre
Added: Apr 17
Changed: Sep 11
Last Checked: Sep 16 at 7:56PM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
This flex building is approximately half warehouse/flex and half office. The warehouse/flex portion features 14’ clear height and two drive-in doors, with the remainder designed as office space with a mix of open office and private offices.
The property is located in Lake Arbor Industrial Park, with access to 92nd Avenue and Highway 36. It also includes a secure yard that can be used for parking and/or storage.
The building has flexible zoning that supports a variety of uses, including light industrial, light manufacturing, auto repair, service-related businesses, office, and more.
The property is located in Lake Arbor Industrial Park, with access to 92nd Avenue and Highway 36. It also includes a secure yard that can be used for parking and/or storage.
The building has flexible zoning that supports a variety of uses, including light industrial, light manufacturing, auto repair, service-related businesses, office, and more.
Key Highlights
- Flex building in Lake Arbor Industrial Park with 14’ clear height and roughly 50% warehouse/flex space
- Includes two drive‑in doors for warehouse access
- About 50% office space with a mix of open office and private offices
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
$93,289
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
6.53%
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%
$1,865,780
$1.9M
Cap Rate 7%
$1,332,700
$1.3M
Cap Rate 9%
$1,036,544
$1.0M
Market Conditions
NOI Build-Up for 6,352 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
$165.4K $26.04/SF
− Vacancy
−$41.0K −$6.46/SF
EGI
$124.4K $19.58/SF
− OpEx
−$31.1K −$4.90/SF
NOI
$93.3K $14.69/SF
Area
Westminster, CO
Vacancy
24.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,865,780
Cap Rate 7%
$1,332,700
Cap Rate 9%
$1,036,544
Alternative Uses
Best Use
Office B
$1.33M
$1.17M – $1.55M
NOI $93,289 @ 7.0% cap · market cap 6.53%
Second Best
Flex RnD
$929.7K
$813.5K – $1.08M
NOI $65,078 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,962 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80031, CO
37,254
Population
15,377
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
4,435
Density / Sq Mi
$106,244
Median Household Income
$56,470
Median Earnings
$1,911
Median Rent
$499,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex building offers warehouse and office areas plus two drive-in doors and a secure yard for parking or storage.
Where is this flex space located?
The property is located at 9168 Marshall Pl Westminster, CO.
What is the asking price?
The asking price for this property is $1,429,200.
What are key features of this property?
This property features: Flex building in Lake Arbor Industrial Park with 14’ clear height and roughly 50% warehouse/flex space; Includes two drive‑in doors for warehouse access; About 50% office space with a mix of open office and private offices
