Upgraded Flex Condominium with
For Sale
$789,000
9337 Commerce Center #C4, Littleton, CO 80129
Climate-controlled mezzanine, expanded electrical service, and automotive equipment support varied workspace needs.
Property Size2,900 SF
Price / SF$272.07
Days on Market58
Property Features for 9337 Commerce Center #C4
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,420
Amenities
security and surveillance system
Building Details
Year Built
2018
Listing Agency:
BANYAN REAL ESTATE LLC
Listed By:
CHRIS LAMEE · License #001315204
(303) 573-5573
Source:
Corcoran
Added: Jul 24
Changed: Sep 18
Last Checked: Sep 18 at 3:17PM
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 BANYAN REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Located at 9337 Commerce Center #C4 in Littleton, this 2,900-square-foot flex condominium includes a mezzanine and was built in 2018. The interior has stained and sealed concrete floors, upgraded lighting, three ceiling fans, and expanded electrical service with a 220V outlet. The mezzanine is climate-controlled by a Fujitsu mini-split system, while two gas heaters serve the main level.
Designed for functional workspace and storage, the unit includes three car lifts, industrial storage racks, and a newer commercial garage door opener. Additional improvements include an on-site bathroom with an instant hot water heater, a utility sink, and an interior hose bib at the front of the unit. A security and surveillance system is also installed.
Designed for functional workspace and storage, the unit includes three car lifts, industrial storage racks, and a newer commercial garage door opener. Additional improvements include an on-site bathroom with an instant hot water heater, a utility sink, and an interior hose bib at the front of the unit. A security and surveillance system is also installed.
Key Highlights
- 2,900‑square‑foot flex condominium with mezzanine
- Built in 2018 with stained and sealed concrete floors
- Expanded electrical service includes a 220V outlet
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
$59,737
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
7.57%
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%
$1,194,740
$1.2M
Cap Rate 7%
$853,386
$853.4K
Cap Rate 9%
$663,744
$663.7K
Market Conditions
NOI Build-Up for 2,900 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
$87.3K $30.12/SF
− Vacancy
−$2.0K −$0.69/SF
EGI
$85.3K $29.43/SF
− OpEx
−$25.6K −$8.83/SF
NOI
$59.7K $20.60/SF
Area
Douglas County, CO
Vacancy
2.30%
Lease Rate
$30.12 /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%
$1,194,740
Cap Rate 7%
$853,386
Cap Rate 9%
$663,744
Alternative Uses
Best Use
Retail
$853.4K
$746.7K – $995.6K
NOI $59,737 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$591.2K
$517.3K – $689.7K
NOI $41,384 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$996.1K
$871.6K – $1.16M
NOI $69,727 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
594
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled mezzanine, expanded electrical service, and automotive equipment support varied workspace needs.
Where is this flex space located?
The property is located at 9337 Commerce Center #C4 Littleton, CO.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 2,900‑square‑foot flex condominium with mezzanine; Built in 2018 with stained and sealed concrete floors; Expanded electrical service includes a 220V outlet
