Building Details

Year Built 1955

Listing Agency: NorthPeak Commercial Advisors, LLC

Listed By: Matthew Lewallen Show Phone

Source: Teamuniteddenver

Added: Nov 27, 2025 Changed: Oct 2 Last Checked: Oct 5 at 11:48PM

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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 NorthPeak Commercial Advisors, LLC

Investment Insights

Based on property information with market context.

Located in Denver, the property at 153 Vallejo St features a 14,930 SF warehouse and a 6,500 SF fenced lot. The building is currently divided into two spaces, which can be maintained or opened to increase warehouse size. It is suited for an owner-user looking to occupy the building in full or rent out part of it to another tenant. The property may also be suitable for a value-add investor with a tenant, seeking a building with upgraded power, a new roof, and access to I-25 and 6th Avenue. Potential owner financing with $600,000 down, or an assumption of the first mortgage with a remaining balance of ~$490,000 are both available.

Key Highlights

• 14,930 SF warehouse with a 6,500 SF fenced lot.
• Potential owner financing available or mortgage assumption.
• Upgraded power and new roof.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$154,281

Cap Rate

7.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,085,620 $3.1M

Cap Rate 7%

$2,204,014 $2.2M

Cap Rate 9%

$1,714,233 $1.7M

Market Conditions

NOI Build-Up for 14,930 SF

Gross rent

$197.1K $13.20/SF

− Vacancy

−$15.6K −$1.04/SF

EGI

$181.5K $12.16/SF

− OpEx

−$27.2K −$1.82/SF

NOI

$154.3K $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 Rate 5%

$3,085,620

Cap Rate 7%

$2,204,014

Cap Rate 9%

$1,714,233

Alternative Uses

Best Use

Warehouse

$2.20M

$1.93M – $2.57M (±1% cap)

NOI $154,281 @ 7.0% cap · market cap 7.72%

Second Best

Industrial

$1.81M

$1.59M – $2.11M (±1% cap)

NOI $126,807 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$4.75M

$4.16M – $5.54M (±1% cap)

NOI $332,693 @ 7.0% cap · market cap 16.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

TTP Sugar Shack (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Daycare Center Pharmacy Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,226

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80223, CO

19,862

Population

9,532

Households

2.1

Avg Household Size

34

Median Age

46%

College-Educated

87%

High-School Grad

5.3 sq mi

ZIP Area

3,748

Density / Sq Mi

$80,461

Median Household Income

$50,567

Median Earnings

$1,650

Median Rent

$497,900

Median Home Value

Market

Vacancy Rate% for Industrial in Denver, CO

5.8% 2019

6.2% 2020

5.9% 2021

6.6% 2022

7% 2023

7.7% 2024

8.1% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 14,930 SF warehouse with 6,500 SF fenced lot.

Where is this warehouse located?

The property is located at 153 Vallejo St Denver, CO.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: 14,930 SF warehouse with a 6,500 SF fenced lot.; Potential owner financing available or mortgage assumption.; Upgraded power and new roof.**