Industrial / Flex Space For
For Sale
Contact for pricing
121 Mariposa St, Denver, CO 80223
Industrial / Flex space available for sale.
Property Size9,923 SF
Price / SF$171.32
Days on Market102
Property Features for 121 Mariposa St
General Information
Standard status
Active
Size
9,923 SF
Total Parking Spaces
12
Property subtype
Industrial
Zoning
I-A
Investment Type
Owner/User
Building Details
Year Built
1956
Listing Agency:
Malman Real Estate
(720) 471-1763
Listed By:
Jake Malman · License #100099297
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 29 at 11:46PM
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 Malman Real Estate
Investment Insights
Based on property information with market context.
This industrial/flex space is available for sale. The property offers a total of 9,923 square feet of space.
Key Highlights
- Industrial / Flex Property
- For Sale
- Year Built: 1956
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
$92,570
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
5.45%
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%
$1,851,400
$1.9M
Cap Rate 7%
$1,322,429
$1.3M
Cap Rate 9%
$1,028,556
$1.0M
Market Conditions
NOI Build-Up for 9,923 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
$154.8K $15.60/SF
− Vacancy
−$12.4K −$1.25/SF
EGI
$142.4K $14.35/SF
− OpEx
−$49.8K −$5.02/SF
NOI
$92.6K $9.33/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$15.60 /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%
$1,851,400
Cap Rate 7%
$1,322,429
Cap Rate 9%
$1,028,556
Alternative Uses
Best Use
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,570 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,280 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,119 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,383
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Three Tomatoes Catering — 255 Yuma St, Denver, CO 80223
- Magic Bar Coffee — 1155 W 5th Ave, Denver, CO 80204
- Caiden Razo Catering — 665 Kalamath St, Denver, CO 80204
- The Taquero — 810 Vallejo St, Denver, CO 80204, United States
- Benoit's Catering — 810 Vallejo St, Denver, CO 80204
Frequently Asked Questions
What type of property is this?
Flex space - Industrial / Flex space available for sale.
Where is this flex space located?
The property is located at 121 Mariposa St Denver, CO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Industrial / Flex Property; For Sale; Year Built: 1956
