Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Space in Flatiron Marketplace Title is generated by Realmo AI

    615 Flatiron Marketplace Dr, Broomfield, CO 80021

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,800 SF restaurant space near Flatiron Crossing Mall.

    Type:Retail, Restaurant
    Property size:
    7,800 SF
    Added:
    Sep 9, 2024
    Days on Market:
    612
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 615 Flatiron Marketplace Dr

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 615 Flatiron Marketplace Dr Contact us

    We can help!

    Listing Contact
    Stuart Zall

    Listing agent Stuart Zall License #CO 000998805

    Listing office The Zall Company

    Listing date Sep 9, 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 The Zall Company

    HighLights

    • 7,800 SF 2nd generation restaurant space
    • Adjacent to Flatiron Crossing Mall
    • 1,200 upscale residential units recently delivered within the Flatiron Marketplace
    • Redevelopment of the Southern portion of the property planned
    • Redevelopment includes Office, Multifamily, Hotels
    • Redevelopment includes additional dining options

    Overview

    A 7,800 square-foot, second-generation restaurant space is available for lease in the Flatiron Marketplace. The location is adjacent to Flatiron Crossing Mall. The southern portion of the property is undergoing redevelopment by Macerich, with plans to add a mix of office spaces, multifamily units, hotels, and additional dining options. Furthermore, 1,200 upscale residential units have recently been delivered within the Flatiron Marketplace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.12
    Latitude
    39.8912

    Nearby Similar for Lease

    • $18 SF/Yr

      Broomfield Commercial Condo for Lease

      Retail, office, or medical condo available for lease or sale.
      290 Nickel St, Broomfield, CO 80020
      View Details
    • $24 SF/Yr

      Interlocken Office Space For Rent

      Office space in Broomfield's Interlocken Advanced Technology Environment.
      390 Interlocken Crescent, Broomfield, CO, 80021
      View Details
    • Contact for pricing

      Spaces Arista

      8181 Arista Pl, Unit Suites 100, Broomfield, CO 80021
      View Details
    • Sponsored
      Contact for pricing

      Interlocken

      390 Interlocken Cres, Unit 350, Broomfield, CO 80021
      View Details
    • $14 SF/Yr

      Creative Industrial Space with Offices

      Temperature-controlled warehouse with offices, conference room, kitchen, and breakroom.
      580 Burbank St, Broomfield, CO
      View Details
    • $22 SF/Yr

      Broomfield Office Building For Rent

      Office building with modern finishes and convenient location for rent.
      380 Interlocken Crescent, Broomfield, CO, 80021
      View Details
    • $18 SF/Yr

      Broomfield Office Space with Amenities

      Office space featuring a cafe, fitness center, and golf course.
      10225 Westmoor Dr, Broomfield, CO
      View Details
    • Contact for pricing

      Broomfield Office Complex For Rent

      Four-building office complex with mountain views and convenient location.
      12303 Airport Way, Broomfield, CO, 80021
      View Details
    • $16 SF/Yr

      Broomfield Retail Space For Rent

      Retail space available with mountain views and on-site amenities.
      11400 Westmoor Cir, Broomfield, CO
      View Details
    • $23 SF/Yr

      Broomfield Office Space Available

      Office complex totaling 461,083 SF near Boulder Turnpike.
      12101 Airport Way, Broomfield, CO, 80021
      View Details
    • $8 SF/Yr

      Broomfield Light Industrial Space

      Versatile light industrial space with easy access to major arterials.
      2750-2780 Industrial Ln, Broomfield, CO
      View Details
    • $40 SF/Yr

      Restaurant Space in Mixed-Use Development

      Restaurant space available in Broomfield's mixed-use development.
      8181 Arista Pl # 8211, Broomfield, CO 80021
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 7,800 SF restaurant space near Flatiron Crossing Mall.
    Where is this conventional restaurant located?
    The property is located at 615 Flatiron Marketplace Dr Broomfield, CO.
    What are key features of this property?
    This property features: 7,800 SF 2nd generation restaurant space; Adjacent to Flatiron Crossing Mall; 1,200 upscale residential units recently delivered within the Flatiron Marketplace
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stuart Zall
    Real Estate License ID: CO 000998805
    Learn More
    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
    615 Flatiron Marketplace Dr, Broomfield, CO 80021
    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!