Industrial Property with Cooler and
For Sale
Contact for pricing
4555 Kingston St, Denver, CO
Industrial property featuring cooler, freezer space, and heavy industrial zoning.
Property Size30,630 SF
Lot Size1.69 Acres
Price / SF$129.61
Days on Market1334
Property Features for 4555 Kingston St
General Information
Standard status
Active
Size
30,630 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers - Denver
(303) 283-4578
Listed By:
Steve Serenyi · License #FA.040016442
Source:
Moodyscre
Added: Dec 13, 2022
Changed: Aug 8
Last Checked: May 19 at 10:44PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
This industrial property features approximately 23,000 square feet of cooler space and approximately 5,040 square feet of freezer rooms. The property includes a Freon system, with most units about three years old. Floor drains are located throughout the building, which is supplied with 4,000 amps of 3-phase power. Two boilers and two industrial ice machines with a 12-ton capacity can be included. The property has a large fenced and paved yard. It is serviced by seven dock-high doors and one drive-in door. The building has heavy industrial zoning and quick access to I-70. The clear height is 18 feet, and the water tap is 1.5 inches. The property has a total size of 30,630 square feet.
Key Highlights
- Extensive cooler and freezer space: approximately 23,000 SF and 5,040 SF respectively.
- Heavy industrial zoning with quick access to I‑70.
- Substantial power supply: 4,000 amps 3‑Phase power distributed throughout.
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
$316,519
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
7.97%
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%
$6,330,380
$6.3M
Cap Rate 7%
$4,521,700
$4.5M
Cap Rate 9%
$3,516,878
$3.5M
Market Conditions
NOI Build-Up for 30,630 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
$404.3K $13.20/SF
− Vacancy
−$31.9K −$1.04/SF
EGI
$372.4K $12.16/SF
− OpEx
−$55.9K −$1.82/SF
NOI
$316.5K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /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%
$6,330,380
Cap Rate 7%
$4,521,700
Cap Rate 9%
$3,516,878
Alternative Uses
Best Use
Warehouse
$4.52M
$3.96M – $5.28M
NOI $316,519 @ 7.0% cap · market cap 7.97%
Second Best
Industrial
$3.72M
$3.25M – $4.34M
NOI $260,153 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$9.75M
$8.53M – $11.38M
NOI $682,544 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property featuring cooler, freezer space, and heavy industrial zoning.
Where is this warehouse located?
The property is located at 4555 Kingston St Denver, CO.
What is the asking price?
The asking price for this property is $3,970,000.
What are key features of this property?
This property features: Extensive cooler and freezer space: approximately 23,000 SF and 5,040 SF respectively.; Heavy industrial zoning with quick access to I‑70.; Substantial power supply: 4,000 amps 3‑Phase power distributed throughout.
