Flex Condo With
For Sale
$419,950
D5-9341 Commerce Center St, Highlands Ranch, CO 80129
A mezzanine-level office and metal-enclosed safe add distinct utility to this flex condominium.
Property Size1,700 SF
Lot Size6.40 Acres
Price / SF$247.03
Days on Market451
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Property Features for D5-9341 Commerce Center St
General Information
Standard status
Active
Size
1,700 SF
Lot size
6.40 Acres
Taxes and HOA fees
Annual Taxes
$4,891
Listing Agency:
Banyan Real Estate LLC
(303) 573-5573
Listed By:
Chris Lamee · License #001315204
(303) 748-3843
Source:
Exprealty
Added: Jul 22, 2025
Changed: Oct 15
Last Checked: Oct 15 at 2:38AM
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 1,700-square-foot flex condominium includes a mezzanine with a drywalled office and a metal-walled safe originally designed for secure firearm storage. The mezzanine is described as capable of supporting substantial weight, adding usable area above the main floor. The property is located on Commerce Center Street in Highlands Ranch, Colorado.
Key Highlights
- 1,700 square feet including the mezzanine
- Mezzanine‑level office finished with drywall
- Metal‑walled safe designed for firearm storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,159
Cap Rate
3.13%
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 3.13%
Second Best
Flex RnD
$174.6K
$152.7K – $203.7K
NOI $12,219 @ 7.0% cap · market cap 2.91%
Theoretical Best
Specialty Retail
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
448
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
Frequently Asked Questions
What type of property is this?
Flex space - A mezzanine-level office and metal-enclosed safe add distinct utility to this flex condominium.
Where is this flex space located?
The property is located at D5-9341 Commerce Center St Highlands Ranch, CO.
What is the asking price?
The asking price for this property is $419,950.
What are key features of this property?
This property features: 1,700 square feet including the mezzanine; Mezzanine‑level office finished with drywall; Metal‑walled safe designed for firearm storage
