Warehouse with Fenced
For Sale
Contact for pricing
11090 51st Ave, Denver, CO 80239
A single-tenant industrial facility pairs dedicated office space with a fenced outdoor area.
Property Size44,967 SF
Price / SF$125.09
Days on Market16
Property Features for 11090 51st Ave
General Information
Standard status
Active
Size
44,967 SF
Property subtype
INDUSTRIAL
Zoning
I-B
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
3,500 SF
Dock-High Doors
10
Drive-In Doors
1
Building Details
Year Built
1971
Construction
twin-tee
Tenancy
Single
Listing Agency:
John Propp Commercial Group
Listed By:
John V. Propp, CCIM · License #ER.001004025
(303) 692-1816
Source:
Moodyscre
Added: Oct 1
Changed: Oct 16
Last Checked: Oct 16 at 2:13PM
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 John Propp Commercial Group
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Investment Insights
Based on property information with market context.
This 44,967-square-foot, single-tenant warehouse was built in 1971 using twin-tee construction. The building has 22-foot clear height, a 3,500-square-foot office area, 10 dock-high doors, and one drive-in door. A fenced yard of approximately 31,000 square feet runs along the west side of the property.
The property is at 51st Avenue and Kingston Street in Montbello Industrial Business Park, along the I-70 industrial corridor. It is zoned I-B, with the source identifying heavy industrial, light industrial, distribution, manufacturing, and auto-repair uses. National Powersport Auctions is the tenant.
The property is at 51st Avenue and Kingston Street in Montbello Industrial Business Park, along the I-70 industrial corridor. It is zoned I-B, with the source identifying heavy industrial, light industrial, distribution, manufacturing, and auto-repair uses. National Powersport Auctions is the tenant.
Key Highlights
- 44,967‑square‑foot warehouse built in 1971 with twin‑tee construction
- 22‑foot clear height and 3,500‑square‑foot office area
- 10 dock‑high doors and 1 north‑side drive door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$493,276
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,865,520
$9.9M
Cap Rate 7%
$7,046,800
$7.0M
Cap Rate 9%
$5,480,844
$5.5M
Market Conditions
NOI Build-Up for 44,967 SF
Gross rent
$631.3K $14.04/SF
− Vacancy
−$51.0K −$1.13/SF
EGI
$580.3K $12.91/SF
− OpEx
−$87.0K −$1.94/SF
NOI
$493.3K $10.97/SF
Area
ZIP 80239
Vacancy
8.08%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,865,520
Cap Rate 7%
$7,046,800
Cap Rate 9%
$5,480,844
Alternative Uses
Best Use
Warehouse
$7.05M
$6.17M – $8.22M
NOI $493,276 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$5.80M
$5.08M – $6.77M
NOI $406,227 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$14.47M
$12.66M – $16.88M
NOI $1,012,759 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
10
Dock-high doors
1
Drive-in doors
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80239, CO
46,177
Population
13,892
Households
3.3
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
10.3 sq mi
ZIP Area
4,483
Density / Sq Mi
$86,661
Median Household Income
$41,106
Median Earnings
$1,903
Median Rent
$394,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Warehouse - A single-tenant industrial facility pairs dedicated office space with a fenced outdoor area.
Where is this warehouse located?
The property is located at 11090 51st Ave Denver, CO.
What is the asking price?
The asking price for this property is $5,625,000.
What are key features of this property?
This property features: 44,967‑square‑foot warehouse built in 1971 with twin‑tee construction; 22‑foot clear height and 3,500‑square‑foot office area; 10 dock‑high doors and 1 north‑side drive door
