Flex Condominium with
For Sale
$817,500
9337 Commerce Center Street #C4, Littleton, CO 80129
Well-equipped flex condo featuring a climate-controlled mezzanine, upgraded electrical with 220V, and industrial car lift support.
Property Size2,900 SF
Price / SF$281.90
Days on Market31
Property Features for 9337 Commerce Center Street #C4
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Zoning
GI
Taxes and HOA fees
Annual Taxes
$22,420
Building Details
Building Size
2,900 SF
Year Built
2018
Units
1
Listing Agency:
Banyan Real Estate LLC
(303) 748-3843
Listed By:
Chris Lamee · License #001315204
(303) 748-3843
Source:
Coloradopartners
Added: Jul 25
Changed: Aug 23
Last Checked: Aug 23 at 5:38AM
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.
This 2,900-square-foot flex condominium includes a mezzanine and is set up for practical industrial use. The space has stained and sealed concrete floors, upgraded lighting, and three ceiling fans. Heating and cooling include a Fujitsu mini-split system in the mezzanine and two gas space heaters on the main level.
Additional functional improvements include expanded electrical service with a 220V outlet, three car lifts, industrial storage racks, and a newer commercial garage door opener. The unit also includes 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 in place.
With its built-in work area configuration, bathroom, and support infrastructure for equipment handling, this flex condo is a strong fit for tenants and owners looking for an organized, ready-to-operate workspace.
Additional functional improvements include expanded electrical service with a 220V outlet, three car lifts, industrial storage racks, and a newer commercial garage door opener. The unit also includes 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 in place.
With its built-in work area configuration, bathroom, and support infrastructure for equipment handling, this flex condo is a strong fit for tenants and owners looking for an organized, ready-to-operate workspace.
Key Highlights
- 2,900 SF flex condominium built in 2018, designed for industrial workspace uses
- Climate‑controlled mezzanine with Fujitsu mini‑split A/C system
- Expanded electrical service with 220V outlet, upgraded lighting, and three ceiling fans
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
$41,384
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
5.06%
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%
$827,680
$827.7K
Cap Rate 7%
$591,200
$591.2K
Cap Rate 9%
$459,822
$459.8K
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
$60.2K $20.76/SF
− Vacancy
−$1.1K −$0.37/SF
EGI
$59.1K $20.39/SF
− OpEx
−$17.7K −$6.12/SF
NOI
$41.4K $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%
$827,680
Cap Rate 7%
$591,200
Cap Rate 9%
$459,822
Alternative Uses
Best Use
Industrial
$591.2K
$517.3K – $689.7K
NOI $41,384 @ 7.0% cap · market cap 5.06%
Second Best
Flex RnD
$540.6K
$473.0K – $630.7K
NOI $37,841 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$996.1K
$871.6K – $1.16M
NOI $69,727 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
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 - Well-equipped flex condo featuring a climate-controlled mezzanine, upgraded electrical with 220V, and industrial car lift support.
Where is this flex space located?
The property is located at 9337 Commerce Center Street #C4 Littleton, CO.
What is the asking price?
The asking price for this property is $817,500.
What are key features of this property?
This property features: 2,900 SF flex condominium built in 2018, designed for industrial workspace uses; Climate‑controlled mezzanine with Fujitsu mini‑split A/C system; Expanded electrical service with 220V outlet, upgraded lighting, and three ceiling fans
