Industrial-Flex Warehouse and
For Sale
$1,899,999
1200 Simms Street, Golden, CO 80401
Industrial-flex property with fenced outdoor storage and a light industrial showroom/warehouse configuration on nearly one acre.
Property Size12,800 SF
Lot Size0.98 Acres
Price / SF$148.44
Days on Market92
Property Features for 1200 Simms Street
General Information
Standard status
Active
Size
12,800 SF
Lot size
0.98 Acres
Property subtype
Industrial
Zoning
LI-RD
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$39,165
Amenities
Tar Gravel
Asphalt, Storage Room.
Paved Road.
Building Details
Year Built
1964
Construction
concrete block
Listed By:
Denver Commercial Real Estate
(720) 404-5431
Source:
Xome
Added: Jun 10
Changed: Sep 2
Last Checked: Sep 9 at 6:15AM
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 Denver Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial-flex property is currently home to a well-established flooring business and is suited for a wide range of industrial and commercial uses. The building has concrete block construction and has been meticulously maintained over long-term ownership, with renovations completed periodically. A new roof was installed five years ago. The site includes fenced outdoor storage and flexible parking with room for parking and site circulation.
Visibility is supported by reported daily traffic of 15,000 to 20,000 vehicles, and the property is located just minutes from 6th Ave and Interstate 70, supporting access and connectivity across the greater Denver metro area.
Zoned Light Industrial (LI-RD), the property supports industrial and flex uses, including warehouse, showroom, light manufacturing, and distribution, subject to city regulations. Permitted uses listed include warehouse of distribution, light manufacturing, contractor shop, office, transportation and vehicle dispatch-related uses, and certain community and institutional uses, among others.
Visibility is supported by reported daily traffic of 15,000 to 20,000 vehicles, and the property is located just minutes from 6th Ave and Interstate 70, supporting access and connectivity across the greater Denver metro area.
Zoned Light Industrial (LI-RD), the property supports industrial and flex uses, including warehouse, showroom, light manufacturing, and distribution, subject to city regulations. Permitted uses listed include warehouse of distribution, light manufacturing, contractor shop, office, transportation and vehicle dispatch-related uses, and certain community and institutional uses, among others.
Key Highlights
- Nearly 1 acre lot (0.975 acres) with flexible paved‑road access, room for parking and circulation
- Light industrial (LI‑RD) zoning with permitted uses including warehouse/distribution, light manufacturing, office, and day care/emergency medical
- Concrete block construction with fenced outdoor storage for industrial and service operations
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
$107,468
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
5.66%
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%
$2,149,360
$2.1M
Cap Rate 7%
$1,535,257
$1.5M
Cap Rate 9%
$1,194,089
$1.2M
Market Conditions
NOI Build-Up for 12,800 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
$176.6K $13.80/SF
− Vacancy
−$11.3K −$0.88/SF
EGI
$165.3K $12.92/SF
− OpEx
−$57.9K −$4.52/SF
NOI
$107.5K $8.40/SF
Area
Jefferson County, CO
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,149,360
Cap Rate 7%
$1,535,257
Cap Rate 9%
$1,194,089
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.34M – $1.79M
NOI $107,468 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$1.42M
$1.24M – $1.65M
NOI $99,192 @ 7.0% cap · market cap 5.22%
Theoretical Best
Multifamily LT 5
$28.48M
$24.92M – $33.23M
NOI $1,993,924 @ 7.0% cap · market cap 104.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-flex property with fenced outdoor storage and a light industrial showroom/warehouse configuration on nearly one acre.
Where is this flex space located?
The property is located at 1200 Simms Street Golden, CO.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Nearly 1 acre lot (0.975 acres) with flexible paved‑road access, room for parking and circulation; Light industrial (LI‑RD) zoning with permitted uses including warehouse/distribution, light manufacturing, office, and day care/emergency medical; Concrete block construction with fenced outdoor storage for industrial and service operations
