Denver Industrial / Flex
10885 E 51st Ave Denver, CO 80239
10885 E 51st Ave, Denver, CO, 80239
Contact for pricing
For Sale
Contact for pricing
15,908 SF freestanding building on 1.01 AC lot.
Property Size15,908 SF
Lot Size1.01 Acres
Price / SF$103.72
Days on Market700
Property Features for 10885 E 51st Ave
General Information
- Standard status
- Active
- Size
- 15,908 SF
- Lot size
- 1.01 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing agency
Shames Makovsky
(303) 565-3039
Listed by
Solomon Stark · License #CO
Source
Crexi
Added: Aug 21, 2024 Updated: Jul 6 at 8:02AM Checked: Jul 21 at 5:34AM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
This is a 15,908 square foot freestanding industrial/flex building situated on a 1.01-acre lot. The property is located in Denver, Colorado.
Key Highlights
- 15,908 SF Freestanding Industrial / Flex Building
- Situated on a 1.01 AC lot
- Located in Denver, CO
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.3k | $14.04 |
| − Vacancy | −$18.0k | −$1.13 |
| EGI | $205.3k | $12.91 |
| − OpEx | −$61.6k | −$3.87 |
| NOI | $143.7k | $9.03 |
15,908 SF · lease $14.04/SF/yr · vacancy 8.08% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.49M
$2.18M – $2.91M
NOI $174,507 @ 7.0% cap · market cap 10.58%
Second Best
Industrial
$2.05M
$1.80M – $2.40M
NOI $143,711 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$5.12M
$4.48M – $5.97M
NOI $358,284 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Freight All Kinds, ...
Logistics Company
Similar For Sale Nearby
Similar Off Market Nearby
- The Straker's Kitchen — 4897 N Oakland St, Denver, CO 80239
- Rocky Mountain Slices — 4897 N Oakland St, Denver, CO 80239
- Culinary WAVE Catering — 4880 Havana St Suite 101, Denver, CO 80239
- Chef Dane's Kitchen — 4897 N Oakland St, Denver, CO 80239
- The Sweet Life Culinary Productions — 4897 N Oakland St, Denver, CO 80239
FAQs
What type of property is this?
Flex space - 15,908 SF freestanding building on 1.01 AC lot.
Where is this flex space located?
The property is located at 10885 E 51st Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 15,908 SF Freestanding Industrial / Flex Building; Situated on a 1.01 AC lot; Located in Denver, CO
