1400 Overlook DrLafayette, CO 80026

  • Industrial properties
  • 14,400 SF
For Sale

Property Details for 1400 Overlook Dr

Year built
1996
Construction
CONCRETE BLOCKS
Lot size
1.16 AC
Property size (Sq ft)
14,400 SF
Zone code
3115
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
1575-12-0-01-006
APU
157512001006

Description

This exceptional 28,800-square-foot industrial warehouse in Lafayette, Colorado, presents a compelling investment opportunity. Situated on a 2.49-acre lot, this single-tenant property boasts a 14' to 18' ceiling height and ample parking with drive-in loading. Built in 1997, the property is currently 100% occupied by a publicly traded company with a strong credit rating and zero debt, under a 5-year net lease with annual rent escalations of 3.5%. The tenant has occupied the space for over a decade and recently extended their lease, demonstrating long-term commitment. The property's prime location in Boulder County's Northwest Denver submarket offers easy access to major transportation arteries, including E-470 (4 minutes), Highway 36 (10 minutes), and Interstate I-25 (11 minutes). This strategic location within a highly sought-after submarket with a low vacancy rate (9.1%) benefits from a talented workforce and high quality of life, attracting businesses across diverse industries. While currently configured as a single-tenant facility, the property's design allows for potential conversion into a multi-tenant setup. The property generates a strong net operating income (NOI) of $415,026. This well-maintained asset offers a blend of stability and future potential, making it an attractive investment for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,938,069
    Hospitality
    $3,607,250
    Educational
    $3,001,190
    Medical
    $3,104,405
    Retail
    $4,668,517
1400 Overlook Dr, Lafayette, Colorado

Location Insight

City
Lafayette
County
Boulder
State
Colorado
Latitude
39.9763
Longitude
-105.07
CBSA code
14500
CBSA name
BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,197
$80,910
$438,030
$518,940
-
$290,000
$1,570,000
$1,860,000

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