Drive-Through Access Industrial Storage
For Sale
$540,000
13601 W 43rd Drive #B18 B5, Denver, CO 80403
Spacious 2000 sq ft storage condo with drive-through access.
Property Size2,000 SF
Price / SF$270
Days on Market486
Property Features for 13601 W 43rd Drive #B18 B5
General Information
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Annual Taxes
$3,265
Building Details
Year Built
2002
Listing Agency:
KELLER WILLIAMS REALTY DOWNTOWN LLC
(303) 539-5700
Listed By:
ELISA GUIDA
Source:
Corcoran
Added: Apr 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 KELLER WILLIAMS REALTY DOWNTOWN LLC
Investment Insights
Based on property information with market context.
This expansive 2000 sq ft industrial condo offers a unique drive-through access, eliminating the need to back up trailers or RVs. Formed by combining two units, B5 and B18, the interior measures approximately 100 feet in depth and just over 19 feet in width, providing ample space for side-by-side cars or two full-size RVs or tour buses. The condo features multiple outlets, fluorescent overhead lighting, two 14-foot overhead doors, and two-man doors, enhancing its functionality and flexibility. Located on a quiet cul-de-sac in a light industrial area near major highways (I25, Hwys. 58 93), this unit is part of a "garage-club" like community. The low HOA fees cover water, on-site owner bathroom and utility room, snow removal, and access to video surveillance. This storage condo is suitable for car and boat enthusiasts, RV owners, or anyone with storage needs, offering a secure space to protect and store valuable investments.
Key Highlights
- Drive‑through access eliminates the need to back up trailers or RVs.
- Expansive 2000 sq ft interior (100 ft deep, 19 ft wide) ideal for car, boat, and RV storage.
- Two 14‑ft overhead doors and two‑man doors provide flexible access.
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
$18,547
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
3.43%
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%
$370,940
$370.9K
Cap Rate 7%
$264,957
$265.0K
Cap Rate 9%
$206,078
$206.1K
Market Conditions
NOI Build-Up for 2,000 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
$28.8K $14.40/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$26.5K $13.25/SF
− OpEx
−$7.9K −$3.97/SF
NOI
$18.5K $9.27/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$370,940
Cap Rate 7%
$264,957
Cap Rate 9%
$206,078
Alternative Uses
Best Use
Self Storage
$265.0K
$231.8K – $309.1K
NOI $18,547 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$242.7K
$212.3K – $283.1K
NOI $16,987 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$636.7K
$557.1K – $742.8K
NOI $44,567 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 80403, CO
21,335
Population
8,983
Households
2.4
Avg Household Size
44
Median Age
65%
College-Educated
98%
High-School Grad
142.0 sq mi
ZIP Area
150
Density / Sq Mi
$145,315
Median Household Income
$81,856
Median Earnings
$2,210
Median Rent
$797,100
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Spacious 2000 sq ft storage condo with drive-through access.
Where is this self storage facility located?
The property is located at 13601 W 43rd Drive #B18 B5 Denver, CO.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Drive‑through access eliminates the need to back up trailers or RVs.; Expansive 2000 sq ft interior (100 ft deep, 19 ft wide) ideal for car, boat, and RV storage.; Two 14‑ft overhead doors and two‑man doors provide flexible access.
