Functional Warehouse with Large
1370-1390 Simms St Lakewood, CO
For Sale
Contact for pricing
Warehouse with storage yard, high visibility, and redevelopment potential.
Property Size12,710 SF
Lot Size2.12 Acres
Price / SF$224.23
Days on Market1071
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) 813-6427
Listed By:
Bryan Fry · License #FA.100016531
(303) 312-4221
Source:
Moodyscre
Added: Aug 21, 2023
Changed: Jul 10
Last Checked: Jul 21 at 4:39AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.3k | $12.30 |
| − Vacancy | −$12.6k | −$0.99 |
| EGI | $143.7k | $11.31 |
| − OpEx | −$21.6k | −$1.70 |
| NOI | $122.1k | $9.61 |
12,710 SF · lease $12.30/SF/yr · vacancy 8.08% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- StorQuest Self Storage — 8845 N Interstate 70 Frontage Rd, Arvada, CO 80002
- i70 Arvada Contractor Storage — 8935 N Interstate 70 Frontage Rd, Arvada, CO 80002
- New World Van Lines — 4950 Oak St, Wheat Ridge, CO 80033
FAQs
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
