Flex Space with Oversized
For Sale
$450,000
9181 Commerce Center Circle #C6, Littleton, CO 80129
Heated, plumbed space with security features supports storage, workshop, hobby, and business uses.
Property Size1,200 SF
Price / SF$375
Days on Market48
Property Features for 9181 Commerce Center Circle #C6
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Amenities
security system
Building Details
Year Built
2009
Listing Agency:
Coldwell Banker Realty 56
(303) 543-5720
Listed By:
Greg Smith
(303) 543-5720
Source:
Coloradohomesource
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 4:37PM
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 Coldwell Banker Realty 56
Investment Insights
Based on property information with market context.
This 1,200 sq. ft. flex unit is configured as a storage condo with double oversized doors for convenient access. The property includes plumbing, heat, and a security system, supporting use for vehicle, equipment, and tool storage as well as workshop, hobby, or business activities. Built in 2009, the space offers a practical enclosed setting for a range of storage and work functions.
The property is located at 9181 Commerce Center Circle, Unit C6, in Littleton, Colorado 80129. Its combination of utility connections, climate control, security equipment, and large-access doors provides a functional setup for users seeking dedicated storage or workspace.
The property is located at 9181 Commerce Center Circle, Unit C6, in Littleton, Colorado 80129. Its combination of utility connections, climate control, security equipment, and large-access doors provides a functional setup for users seeking dedicated storage or workspace.
Key Highlights
- 1,200 sq. ft. flex unit configured as a storage condo
- Double oversized doors provide convenient access
- Plumbing and heat installed
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
$17,125
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
3.81%
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%
$342,500
$342.5K
Cap Rate 7%
$244,643
$244.6K
Cap Rate 9%
$190,278
$190.3K
Market Conditions
NOI Build-Up for 1,200 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
$24.9K $20.76/SF
− Vacancy
−$448 −$0.37/SF
EGI
$24.5K $20.39/SF
− OpEx
−$7.3K −$6.12/SF
NOI
$17.1K $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%
$342,500
Cap Rate 7%
$244,643
Cap Rate 9%
$190,278
Alternative Uses
Best Use
Industrial
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 3.81%
Second Best
Flex RnD
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,852 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80129, CO
29,703
Population
12,674
Households
2.3
Avg Household Size
41
Median Age
63%
College-Educated
99%
High-School Grad
7.0 sq mi
ZIP Area
4,243
Density / Sq Mi
$136,915
Median Household Income
$71,865
Median Earnings
$2,283
Median Rent
$643,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated, plumbed space with security features supports storage, workshop, hobby, and business uses.
Where is this flex space located?
The property is located at 9181 Commerce Center Circle #C6 Littleton, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,200 sq. ft. flex unit configured as a storage condo; Double oversized doors provide convenient access; Plumbing and heat installed
