Flex Condo with Secure
For Sale
$448,500
9341 Commerce Center Street D5, Highlands Ranch, CO 80129
Flex condo featuring a mezzanine and built-in metal walled safe.
Property Size1,700 SF
Price / SF$263.82
Days on Market410
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Property Features for 9341 Commerce Center Street D5
General Information
Standard status
Active
Size
1,700 SF
Building Details
Year Built
2018
Listing Agency:
Banyan Real Estate LLC
Listed By:
Chris Lamee · License #001315204
(303) 573-5573
Source:
Teamuniteddenver
Added: Sep 1, 2025
Changed: Oct 3
Last Checked: Oct 7 at 5:33PM
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 flex condo offers 1,700 square feet of space, including a mezzanine level. A notable feature is the built-in metal-walled walk-in safe, originally designed as a gun safe, providing a secure storage area. The mezzanine includes a drywalled office space and is constructed to support substantial weight. The property is suitable for various uses, including industrial workspace.
Key Highlights
- Unique mezzanine level provides additional square footage and flexible space.
- Built‑in metal walled walk‑in safe, ideal for secure storage.
- 1,700 square feet of total space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,159
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,180
$263.2K
Cap Rate 7%
$187,986
$188.0K
Cap Rate 9%
$146,211
$146.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$19.4K $11.40/SF
− Vacancy
−$581 −$0.34/SF
EGI
$18.8K $11.06/SF
− OpEx
−$5.6K −$3.32/SF
NOI
$13.2K $7.74/SF
Area
Highlands Ranch, CO
Vacancy
3.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,180
Cap Rate 7%
$187,986
Cap Rate 9%
$146,211
Alternative Uses
Best Use
Industrial
$188.0K
$164.5K – $219.3K
NOI $13,159 @ 7.0% cap · market cap 2.93%
Second Best
Flex RnD
$174.6K
$152.7K – $203.7K
NOI $12,219 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo featuring a mezzanine and built-in metal walled safe.
Where is this flex space located?
The property is located at 9341 Commerce Center Street D5 Highlands Ranch, CO.
What is the asking price?
The asking price for this property is $448,500.
What are key features of this property?
This property features: Unique mezzanine level provides additional square footage and flexible space.; Built‑in metal walled walk‑in safe, ideal for secure storage.; 1,700 square feet of total space.
