Industrial
For Sale
Contact for pricing
1045 West 8th Avenue, Denver, CO 80204
Industrial property with 1974 construction and C-MS-5 zoning.
Property Size13,948 SF
Price / SF$211.50
Days on Market170
Property Features for 1045 West 8th Avenue
General Information
Standard status
Active
Size
13,948 SF
Class
B
Property subtype
Industrial, Mixed Use
Zoning
C-MS-5
Investment Type
Owner/User
Building Details
Year Built
1974
Year Renovated
1992
Buildings
1
Stories
1
Units
2
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Nick Schill · License #CO IA40017932
(303) 358-9337
Source:
Crexi
Added: Apr 28
Changed: Oct 3
Last Checked: Oct 12 at 7:35PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This industrial property contains 13,948 square feet and was built in 1974. The site carries C-MS-5 zoning, providing the primary land-use classification for the asset.
Key Highlights
- 13,948 SF industrial property
- Built in 1974
- C‑MS‑5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,458
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,929,160
$3.9M
Cap Rate 7%
$2,806,543
$2.8M
Cap Rate 9%
$2,182,867
$2.2M
Market Conditions
NOI Build-Up for 13,948 SF
Gross rent
$334.8K $24.00/SF
− Vacancy
−$20.4K −$1.46/SF
EGI
$314.3K $22.54/SF
− OpEx
−$117.9K −$8.45/SF
NOI
$196.5K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,929,160
Cap Rate 7%
$2,806,543
Cap Rate 9%
$2,182,867
Alternative Uses
Best Use
Mixed Use
$2.81M
$2.46M – $3.27M
NOI $196,458 @ 7.0% cap · market cap 6.66%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,466 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,811 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,893
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with 1974 construction and C-MS-5 zoning.
Where is this industrial property located?
The property is located at 1045 West 8th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 13,948 SF industrial property; Built in 1974; C‑MS‑5 zoning
