688 45 Rd, De Beque, CO 81630
Commercial property with global tenant, automatic security, and vehicle service.
- Added:
- Aug 8, 2022
- Days on Market:
- 1406
- Last Refresh:
- May 12 at 9:06 pm
Property Features for 688 45 Rd
General Information
- Standard status
- Active
- Size
- 9,780 SF
- Lot size
- 5.71 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing agent Katie Davis License #CO FA.100094662
Listing office Bray Real Estate
Listing date Aug 8, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Bray Real Estate
HighLights
- Strong global operations tenant in place providing immediate income.
- Attractive 6.8% cap rate.
- Tenant covers all utilities and a portion of repairs, maintenance, and insurance.
- Lease includes a 3% annual escalation clause and renewal option.
- Large warehouse with ten 14’ automatic overhead doors (four drive‑thru) and air lines.
- Vehicle service pit and oil pumping equipment included in one drive‑thru bay.
Overview
Local Financial Insights For Warehouse
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 | $113.8k | $11.64 |
| − Vacancy | −$6.3k | −$0.64 |
| EGI | $107.6k | $11.00 |
| − OpEx | −$16.1k | −$1.65 |
| NOI | $91.4k | $9.35 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Debeque Self Storage — 264 Minter Ave, De Beque, CO 81630
Location Insight
- Map
- Local Demand
- City
- De Beque
- County
- Mesa
- State
- Colorado
- Longitude
- -108.210581
- Latitude
- 39.336789