Single-Tenant Auto Shop with NNN
10555 Irma Drive, Northglenn, CO 80233
For Sale
$3,300,000
Established automotive facility with a single-tenant absolute NNN lease and a hard-corner position.
Property Size9,992 SF
Lot Size1.48 Acres
Price / SF$330.26
Days on Market97
Property Features for 10555 Irma Drive
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Newmark | Phoenix
Listed By:
Jesse Goldsmith · License CO SA586241000
(480) 241-5146
Source:
Nmrk
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 12 at 5:24AM
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 Newmark | Phoenix
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Investment Insights
Based on property information with market context.
Kaizen Collision Center is a 9,992-square-foot automotive facility completed in 2014. The property occupies 1.48 acres and is leased to a single tenant under an absolute NNN structure, with 13+ years remaining on the lease. The site includes parking and is held fee simple.
The facility is positioned at the southwest corner of Irma Drive and Leroy Drive in Northglenn, Colorado. The surrounding setting includes two green parks, a residential neighborhood, and several industrial buildings. Interstate 25 is approximately one mile west of the property, providing access to the regional freeway network.
The facility is positioned at the southwest corner of Irma Drive and Leroy Drive in Northglenn, Colorado. The surrounding setting includes two green parks, a residential neighborhood, and several industrial buildings. Interstate 25 is approximately one mile west of the property, providing access to the regional freeway network.
Key Highlights
- 9,992‑square‑foot automotive facility completed in 2014
- 1.48‑acre fee simple property in Northglenn, CO
- Single‑tenant absolute NNN lease with 13+ years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,978
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,959,560
$3.0M
Cap Rate 7%
$2,113,971
$2.1M
Cap Rate 9%
$1,644,200
$1.6M
Market Conditions
NOI Build-Up for 9,992 SF
Gross rent
$221.8K $22.20/SF
− Vacancy
−$10.4K −$1.04/SF
EGI
$211.4K $21.16/SF
− OpEx
−$63.4K −$6.35/SF
NOI
$148.0K $14.81/SF
Area
ZIP 80233
Vacancy
4.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,959,560
Cap Rate 7%
$2,113,971
Cap Rate 9%
$1,644,200
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.47M
NOI $147,978 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$936.8K
$819.7K – $1.09M
NOI $65,578 @ 7.0% cap · market cap 1.99%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,729 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Wendy's
Dining
16,720 visits/mo
0.4 miles
Taco Bell
Dining
12,840 visits/mo
0.5 miles
Sinclair
Shops & Services
8,184 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,385 visits/mo
0.4 miles
Cobblestone Auto Spa
Shops & Services
7,289 visits/mo
0.4 miles
Demographics for 80233, CO
48,050
Population
18,309
Households
2.6
Avg Household Size
35
Median Age
26%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
5,280
Density / Sq Mi
$85,132
Median Household Income
$45,772
Median Earnings
$1,863
Median Rent
$441,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Subaru Specialist of Colorado Llc — 2569 E 102nd Ave, Thornton, CO 80229
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- Towing thorton — 1882 e 104th ave unit 127, thornton, co 80233
- Link Tow & Recovery — 2200 E 104th Ave, Thornton, CO 80233
- Brakes Plus — 1300 E 104th Ave, Thornton, CO 80233
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with a single-tenant absolute NNN lease and a hard-corner position.
Where is this auto shop located?
The property is located at 10555 Irma Drive Northglenn, CO.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 9,992‑square‑foot automotive facility completed in 2014; 1.48‑acre fee simple property in Northglenn, CO; Single‑tenant absolute NNN lease with 13+ years remaining
