Industrial
For Sale
Contact for pricing
1105 West 8th Avenue, Denver, CO 80204
Industrial property with 1974 construction and C-MS-5 zoning.
Property Size13,948 SF
Price / SF$258.10
Days on Market125
Property Features for 1105 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
2
Stories
1
Units
4
Listing Agency:
Pinnacle Real Estate Advisors
(303) 358-9337
Listed By:
Nick Schill · License #CO IA40017932
Source:
Crexi
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 9:37PM
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 = 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
$196,458
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
5.46%
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%
$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
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
$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 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%
$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 5.46%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,466 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,811 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,044
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
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 1105 West 8th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 13,948 SF industrial property; Built in 1974; C‑MS‑5 zoning
