Stand-Alone Industrial Property For
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1100 W Mississippi Ave, Denver, CO 80223
15,665 SF office/warehouse on a large industrial lot.
Property Size15,665 SF
Price / SF$102.14
Days on Market993
Property Features for 1100 W Mississippi Ave
General Information
Standard status
Active
Size
15,665 SF
Property subtype
Industrial
Zoning
I-1
Building Details
Stories
2
Listing Agency:
Hoff & Leigh
(303) 328-5611
Listed By:
Chris Camozzi · License #FA.100104599
Source:
Crexi
Added: Dec 6, 2023
Changed: Aug 21
Last Checked: Aug 24 at 4:54PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This stand-alone industrial property offers 15,665 square feet of office and warehouse space. Situated on a large industrially zoned lot, the property features fenced and secure storage, along with ample parking. The building includes multiple overhead doors, with three doors ranging from 10 to 12 feet in height. The warehouse clear height ranges from 16 to 17.5 feet. The building has a 75/25 warehouse to office ratio. The versatile spaces can accommodate various industrial and retail businesses. A billboard on the property generates $2,800 annually.
Key Highlights
- Stand‑alone industrial property with 15,665 SF of office/warehouse space.
- Large I‑1 zoned industrial lot with fenced and secure storage.
- Multiple overhead doors ranging from 10’ - 12’ in height.
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
$146,136
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
9.13%
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%
$2,922,720
$2.9M
Cap Rate 7%
$2,087,657
$2.1M
Cap Rate 9%
$1,623,733
$1.6M
Market Conditions
NOI Build-Up for 15,665 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
$244.4K $15.60/SF
− Vacancy
−$19.5K −$1.25/SF
EGI
$224.8K $14.35/SF
− OpEx
−$78.7K −$5.02/SF
NOI
$146.1K $9.33/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,922,720
Cap Rate 7%
$2,087,657
Cap Rate 9%
$1,623,733
Alternative Uses
Best Use
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,136 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$1.90M
$1.66M – $2.22M
NOI $133,049 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$4.99M
$4.36M – $5.82M
NOI $349,071 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Balanced
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 Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 15,665 SF office/warehouse on a large industrial lot.
Where is this flex space located?
The property is located at 1100 W Mississippi Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Stand‑alone industrial property with 15,665 SF of office/warehouse space.; Large I‑1 zoned industrial lot with fenced and secure storage.; Multiple overhead doors ranging from 10’ - 12’ in height.
