Storage Condo with Garage
For Sale
$225,000
B2-1725 Majestic Dr, Lafayette, CO 80026
Secure commercial storage unit with vehicle access, dedicated electrical service, and shared community amenities.
Property Size960 SF
Price / SF$234.38
Days on Market278
Property Features for B2-1725 Majestic Dr
General Information
Standard status
Active
Size
960 SF
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
960 SF
Drive-In Doors
1
Self-Storage Units
1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$3,288
Amenities
24hr access
gated entrance
common restroom
meeting room
Listing Agency:
Real Broker, LLC DBA Real
(720) 971-4639
Listed By:
Adam Kemp · License #100087638
(720) 971-4639
Source:
Exprealty
Added: Nov 24, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:03PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
This storage condominium provides 960 square feet of enclosed commercial space with approximately 16-foot ceilings, a concrete floor, and a 10-by-14-foot overhead garage door operated by keypad. The unit also includes two man doors, including rear access toward open space and Coal Creek Trail. An individual electric panel and wall-mounted electric heater support the space’s utility for storage and business-related activities.
The Own It Storage community includes a gated entrance, 24-hour access, a common restroom, and a meeting room. The property is located at B2-1725 Majestic Dr in Lafayette, Colorado, providing a dedicated unit within a managed storage community.
The Own It Storage community includes a gated entrance, 24-hour access, a common restroom, and a meeting room. The property is located at B2-1725 Majestic Dr in Lafayette, Colorado, providing a dedicated unit within a managed storage community.
Key Highlights
- 960 SF storage condo with approximately 16‑foot ceilings
- 10‑by‑14‑foot overhead garage door with keypad opener
- Concrete floor, individual electric panel, and wall‑mounted electric heater
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
$14,130
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
6.28%
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%
$282,600
$282.6K
Cap Rate 7%
$201,857
$201.9K
Cap Rate 9%
$157,000
$157.0K
Market Conditions
NOI Build-Up for 960 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
$17.3K $18.00/SF
− Vacancy
−$657 −$0.68/SF
EGI
$16.6K $17.32/SF
− OpEx
−$2.5K −$2.60/SF
NOI
$14.1K $14.72/SF
Area
Boulder County, CO
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
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%
$282,600
Cap Rate 7%
$201,857
Cap Rate 9%
$157,000
Alternative Uses
Best Use
Warehouse
$201.9K
$176.6K – $235.5K
NOI $14,130 @ 7.0% cap · market cap 6.28%
Second Best
Self Storage
$131.3K
$114.9K – $153.2K
NOI $9,193 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 80026, CO
32,318
Population
14,209
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,436
Density / Sq Mi
$115,031
Median Household Income
$59,937
Median Earnings
$2,054
Median Rent
$664,000
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?
Self storage facility - Secure commercial storage unit with vehicle access, dedicated electrical service, and shared community amenities.
Where is this self storage facility located?
The property is located at B2-1725 Majestic Dr Lafayette, CO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 960 SF storage condo with approximately 16‑foot ceilings; 10‑by‑14‑foot overhead garage door with keypad opener; Concrete floor, individual electric panel, and wall‑mounted electric heater
