Flex Building with Heavy
New
For Sale
Contact for pricing
1055-1075 Galapago St, Denver, CO 80204
Office and warehouse functions are supported by loading, specialized fixtures, and additional parking.
Property Size16,848 SF
Lot Size0.56 Acres
Price / SF$225.55
Days on Market6
Property Features for 1055-1075 Galapago St
General Information
Standard status
Active
Size
16,848 SF
Lot size
0.56 Acres
Property subtype
INDUSTRIAL
Zoning
C-MX-5
Warehouse & Industrial
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Cold Storage
Yes
Additional Details
Outdoor Storage
Yes
Amenities
Multiple ADA Bathrooms w/ Showers & Washer/Dryer
Freezer
Cooler
3 Compartment Sinks
Floordrains Throughout
Heavy Power (800a 480v 3ph TBV)
New 12'w x 14'h Loading Door
Tall Ceilings
Additional Parking
Building Details
Buildings
1
Building Size
16,848 SF
Tenancy
Single
Listing Agency:
Unique Properties, Inc.
(303) 521-3648
Listed By:
Greg Knott · License #FA.001312096
(303) 521-3648
Source:
Moodyscre
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 31 at 1:16AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
This flex property combines approximately 16,848 square feet of office and warehouse space with multiple ADA bathrooms, showers, and washer/dryer connections. The building also includes a freezer, cooler, three-compartment sinks, and floor drains throughout. A new 12-foot-wide by 14-foot-high loading door supports receiving and service needs, while the adjacent Inca Street parcel adds parking and storage yard capacity.
The property occupies approximately 24,206 square feet, or 0.56 acres, in Denver’s Mid Central submarket. It is located minutes from downtown and near the Burnham Yard redevelopment and emerging stadium district. The site carries C-MX-5 zoning, allowing a five-story infill configuration, and includes heavy electrical service identified as 800a, 480v, 3ph TBV.
The property occupies approximately 24,206 square feet, or 0.56 acres, in Denver’s Mid Central submarket. It is located minutes from downtown and near the Burnham Yard redevelopment and emerging stadium district. The site carries C-MX-5 zoning, allowing a five-story infill configuration, and includes heavy electrical service identified as 800a, 480v, 3ph TBV.
Key Highlights
- Approximately 16,848 SF office/warehouse building
- Approximately 24,206 SF site, or 0.56 acres
- 800a 480v 3ph TBV heavy power
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
$246,857
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
6.50%
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%
$4,937,140
$4.9M
Cap Rate 7%
$3,526,529
$3.5M
Cap Rate 9%
$2,742,856
$2.7M
Market Conditions
NOI Build-Up for 16,848 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
$444.8K $26.40/SF
− Vacancy
−$115.6K −$6.86/SF
EGI
$329.1K $19.54/SF
− OpEx
−$82.3K −$4.88/SF
NOI
$246.9K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$4,937,140
Cap Rate 7%
$3,526,529
Cap Rate 9%
$2,742,856
Alternative Uses
Best Use
Office B
$3.53M
$3.09M – $4.11M
NOI $246,857 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$2.49M
$2.18M – $2.90M
NOI $174,101 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$5.36M
$4.69M – $6.26M
NOI $375,433 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
5,663
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Magic Bar Coffee — 1155 W 5th Ave, Denver, CO 80204
- Caiden Razo Catering — 665 Kalamath St, Denver, CO 80204
- La Rumba Choripan — 99 W 9th Ave, Denver, CO 80204
- MixMox Bakehouse — 955 Lincoln St Unit D, Denver, CO 80203
- Cooking in the Dark — 1089 Bannock St, Denver, CO 80204
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse functions are supported by loading, specialized fixtures, and additional parking.
Where is this flex space located?
The property is located at 1055-1075 Galapago St Denver, CO.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Approximately 16,848 SF office/warehouse building; Approximately 24,206 SF site, or 0.56 acres; 800a 480v 3ph TBV heavy power
