Flex Space with Heavy
For Sale
$3,800,000
1055-1075 Galapago St & 1052 Inca St, Denver, CO 80223
Office and warehouse improvements with loading access, parking, storage yard, and C-MX-5 infill land-use designation.
Property Size16,848 SF
Lot Size0.56 Acres
Price / SF$225.55
Days on Market49
Property Features for 1055-1075 Galapago St & 1052 Inca 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
parking
storage yard
ADA bathrooms with showers
washer/dryer
freezer
cooler
3 compartment sinks
floor drains
heavy power
loading door
tall ceilings
Building Details
Building Size
16,848 SF
Buildings
1
Tenancy
Single
Listing Agency:
Unique Properties, Inc
Listed By:
Greg Knott · License #FA.001312096
(303) 521-3648
Source:
Uniqueprop
Added: Aug 28
Changed: Oct 2
Last Checked: Oct 14 at 9:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines approximately 16,848 SF of office and warehouse space with an adjacent parcel that adds on-site parking and a storage yard. The improvements include multiple ADA bathrooms with showers, washer and dryer connections, freezer and cooler areas, three-compartment sinks, and floor drains throughout. Tall ceilings and a recently added loading door support a range of operational requirements.
The property occupies approximately 24,206 SF, 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 a C-MX-5 designation associated with five-story infill development. Electrical service is identified as heavy power, with 800A, 480V, 3-phase capacity noted as TBV.
The property occupies approximately 24,206 SF, 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 a C-MX-5 designation associated with five-story infill development. Electrical service is identified as heavy power, with 800A, 480V, 3-phase capacity noted as TBV.
Key Highlights
- ±16,848 SF office/warehouse building
- ±24,206 SF site comprising ±0.56 acres
- 800a 480v 3ph heavy power, TBV
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,857
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse improvements with loading access, parking, storage yard, and C-MX-5 infill land-use designation.
Where is this flex space located?
The property is located at 1055-1075 Galapago St & 1052 Inca 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: ±16,848 SF office/warehouse building; ±24,206 SF site comprising ±0.56 acres; 800a 480v 3ph heavy power, TBV
