Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Boulder Flex Space For Sale Title is generated by Realmo AI

    5335 Sterling Dr, Boulder, CO 80301

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Flex space featuring warehouse, manufacturing, R&D space, and office areas.

    Type:Industrial, Office
    Property size:
    22,065 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $249/SF
    Added:
    Sep 24, 2024
    Days on Market:
    619
    Last Refresh:
    May 12 at 9:28 pm

    Property Features for 5335 Sterling Dr

    General Information

    Standard status
    Active
    Size
    22,065 SF
    Lot size
    1.15 Acres
    Property subtype
    Industrial, Office

    We can help!

    Listing Contact
    Michael-Ryan McCarty

    Listing agent Michael-Ryan McCarty License #CO FA.040029628

    Listing office Gibbons-White Inc

    Listing date Sep 24, 2024

    Source Crexi

    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 Gibbons-White Inc

    HighLights

    • Leased to Giant Bicycle through March 2026
    • 3 Dock‑High Overhead Doors with Drive‑In Access & Dock Leveler
    • 16' Clear Warehouse, Manufacturing & R&D Space
    • 1.15 Acre Lot with 75 Parking Spaces
    • Spacious 2nd Floor with Open Work Areas & Perimeter Offices
    • Elevator, Shower & Locker Rooms

    Overview

    This flex space property features 16-foot clear warehouse, manufacturing, and R&D space, along with spacious second-floor open work areas and perimeter offices. The property includes large windows, conference rooms, an elevator, and shower and locker rooms. It has three dock-high overhead doors with drive-in access and a dock leveler. Situated on a 1.15-acre lot (50,139 sq. ft.), the property provides 75 parking spaces (3.5:1,000 Sq. Ft.) and mature trees with landscaping. The property is leased to Giant Bicycle through March 2026.

    Local Financial Insights For Office B

    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 $582.5k $26.40
    − Vacancy −$168.9k −$7.66
    EGI $413.6k $18.74
    − OpEx −$103.4k −$4.69
    NOI $310.2k $14.06
    22,065 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.43M
    $3.88M – $5.17M (±1% cap)
    NOI $310,190 @ 7.0% cap · market cap 5.64%
    Second Best
    Warehouse
    $3.41M
    $2.99M – $3.98M (±1% cap)
    NOI $238,893 @ 7.0% cap · market cap 4.34%
    Theoretical Best
    Office A
    $7.46M
    $6.52M – $8.70M (±1% cap)
    NOI $521,934 @ 7.0% cap · market cap 9.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stages Cycling Factory Foundation Fitness Regional ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Big Daddy's Texas BBQ — 2100 Central Ave, Boulder, CO 80301
    • Fig and Floret — 2995 55th St #17122, Boulder, CO 80308
    • La Rue Bayou — 4920 Pearl St, Boulder, CO 80301

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.2291384
    Latitude
    40.0287498

    Nearby Similar for Sale

    • $2,710,000
      5,589 SF

      Well-Maintained Triplex Investment

      Three-unit property with updated major components and current leases through August 2027, supporting strong long-term income stability.
      650 Inca Pkwy, Boulder, CO 80303
      View Details
    • $725,000

      Bright Office Condo in Boulder

      Modern office condo with parking in Washington Village.
      2930 Broadway St, Boulder, CO 80304
      View Details
    • $515,000

      Retail Condo in Boulder, Colorado

      Retail condo operating as a dispensary, leased through 2026.
      5420 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $415,000

      Boulder Commercial Condo Unit For Sale

      1,224 SF commercial condo with office, retail, and fitness potential.
      5420 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $6,500,000
      19,368 SF

      Student Housing Development Opportunity

      Development opportunity near CU Campus with high-density zoning.
      1200 28th St, Boulder, CO 80303
      View Details
    • $3,073,500

      Medical/Professional Office Building For Sale

      Medical/Professional office building in Gunbarrel setting, Boulder, Colorado.
      7490 Clubhouse Rd, Boulder, CO 80301
      View Details
    • $4,800,000

      Renovated Office Building with Courtyard

      Fully leased, renovated office building near downtown Boulder with courtyard.
      207 Canyon Blvd, Boulder, CO 80302
      View Details
    • $3,841,000

      East Boulder Office Building For Sale

      Office building near Flatirons Golf Course with tenant mix.
      5600 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $8,000,000
      13,657 SF

      Prime Boulder Redevelopment Opportunity

      0.93-acre redevelopment parcel in Boulder's North Broadway neighborhood.
      1120 Alpine Ave, Boulder, CO 80304
      View Details
    • $495,000

      Office Condo with Mountain Views

      Office condo for sale with flexible zoning and ample parking.
      6658 Gunpark Dr, Boulder, CO 80301
      View Details
    • $799,000
      1,044 SF

      Downtown Boulder Office Redevelopment Opportunity

      Historic office building in downtown Boulder with redevelopment potential.
      1733 Canyon Blvd, Boulder, CO 80302
      View Details
    • $9,900,000

      Mid-Century Office Building Conversion Opportunity

      Three-story office building suitable for multifamily or student housing conversion.
      2995 Baseline Rd, Boulder, CO 80303
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space featuring warehouse, manufacturing, R&D space, and office areas.
    Where is this flex space located?
    The property is located at 5335 Sterling Dr Boulder, CO.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Leased to Giant Bicycle through March 2026; 3 Dock‑High Overhead Doors with Drive‑In Access & Dock Leveler; 16' Clear Warehouse, Manufacturing & R&D Space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael-Ryan McCarty
    Real Estate License ID: CO FA.040029628
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5335 Sterling Dr, Boulder, CO 80301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!