Building Details

Year Built 1997

Tenancy Multi

Listing Agency: Madison Commercial Properties Show Phone

Listed By: Pete Foster Show Phone

Source: Moodyscre

Added: Feb 5 Changed: Oct 16 Last Checked: Oct 21 at 12:21AM

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Investment Insights

Based on property information with market context.

The property is an 18,000 SF multi-unit flex/warehouse building constructed in 1997. It contains six units and is listed with 100% occupancy.

Located in the West Denver submarket at 12200 W 52nd Ave in Wheat Ridge, Colorado, the building is designated under a PID zoning classification. The transaction is being offered for sale.

As configured, the site provides multiple warehouse/flex units within a single building envelope, supporting a straightforward multi-tenant ownership or investment structure.

Key Highlights

• 18,000 SF flex/warehouse building with 6 units
• Built in 1997
• Zoned PID

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$151,127

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,022,540 $3.0M

Cap Rate 7%

$2,158,957 $2.2M

Cap Rate 9%

$1,679,189 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$248.4K $13.80/SF

− Vacancy

−$15.9K −$0.88/SF

EGI

$232.5K $12.92/SF

− OpEx

−$81.4K −$4.52/SF

NOI

$151.1K $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 Rate 5%

$3,022,540

Cap Rate 7%

$2,158,957

Cap Rate 9%

$1,679,189

Alternative Uses

Best Use

Flex RnD

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,127 @ 7.0% cap · market cap 4.58%

Second Best

Industrial

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,488 @ 7.0% cap · market cap 4.23%

Theoretical Best

Multifamily LT 5

$40.06M

$35.05M – $46.73M (±1% cap)

NOI $2,803,956 @ 7.0% cap · market cap 84.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Hair Salon Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

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

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

967

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 80033, CO

26,618

Population

13,257

Households

2

Avg Household Size

42

Median Age

44%

College-Educated

95%

High-School Grad

8.3 sq mi

ZIP Area

3,207

Density / Sq Mi

$84,719

Median Household Income

$53,503

Median Earnings

$1,536

Median Rent

$568,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 18,000 SF flex/warehouse building with six units, built in 1997, and 100% occupancy.

Where is this flex space located?

The property is located at 12200 W 52nd Ave Wheat Ridge, CO.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: 18,000 SF flex/warehouse building with 6 units; Built in 1997; Zoned PID