Functional Warehouse with Large
For Sale
Contact for pricing
1370-1390 Simms St, Lakewood, CO
Warehouse with storage yard, high visibility, and redevelopment potential.
Property Size12,710 SF
Lot Size2.12 Acres
Price / SF$224.23
Days on Market1116
Property Features for 1370-1390 Simms St
General Information
Standard status
Active
Size
12,710 SF
Lot size
2.12 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Denver
(303) 292-3700
Listed By:
Drew McManus · License #FA.100016531
(303) 813-6427
Source:
Moodyscre
Added: Aug 21, 2023
Changed: Sep 7
Last Checked: Sep 8 at 4:26AM
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 Cushman & Wakefield | Denver
Investment Insights
Based on property information with market context.
This functional warehouse is situated in the West Industrial submarket. The property features a large storage yard and is fully fenced and gated. Located on Simms Street, the site benefits from high visibility with a traffic count of 2,100 vehicles per day. The property is located in an Opportunity Zone and presents a potential TOD redevelopment opportunity. The site has a very low mill levy. The building size is 12,710 square feet.
Key Highlights
- Functional warehouse with large storage yard
- Excellent location on Simms with great visibility (2,100 VPD)
- Located in Opportunity Zone
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
$122,146
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
4.29%
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%
$2,442,920
$2.4M
Cap Rate 7%
$1,744,943
$1.7M
Cap Rate 9%
$1,357,178
$1.4M
Market Conditions
NOI Build-Up for 12,710 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
$156.3K $12.30/SF
− Vacancy
−$12.6K −$0.99/SF
EGI
$143.7K $11.31/SF
− OpEx
−$21.6K −$1.70/SF
NOI
$122.1K $9.61/SF
Area
Lakewood, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
15.00%
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%
$2,442,920
Cap Rate 7%
$1,744,943
Cap Rate 9%
$1,357,178
Alternative Uses
Best Use
Warehouse
$1.74M
$1.53M – $2.04M
NOI $122,146 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,591 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,483 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- New World Van Lines — 4950 Oak St, Wheat Ridge, CO 80033
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- StorQuest Self Storage — 8845 N Interstate 70 Frontage Rd, Arvada, CO 80002
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with storage yard, high visibility, and redevelopment potential.
Where is this warehouse located?
The property is located at 1370-1390 Simms St Lakewood, CO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Functional warehouse with large storage yard; Excellent location on Simms with great visibility (2,100 VPD); Located in Opportunity Zone
