Versatile Denver Commercial
1221 S Bannock, Denver, CO 80223
For Sale
$3,750,000
Warehouse, office, and vacant lot near Broadway Station Development.
Property Size8,100 SF
Lot Size0.67 Acres
Price / SF$462.96
Days on Market1129
Property Features for 1221 S Bannock
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Central air
Metal Roof
Central Air Cooling
Forced Air Heating
Loading: Drive-in overhead doors
Paved
Storage on Site
Building Details
Year Built
Listing Agency:
Prestigio Real Estate
(303) 898-2589
Listed By:
LUKE ANGERHOFER
(970) 310-4549
Source:
Corcoran
Added: Oct 12, 2023
Changed: Aug 8
Last Checked: Aug 23 at 7:12AM
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 Prestigio Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Denver County property presents a significant opportunity for investors and entrepreneurs. Located across from the upcoming Broadway Station Development, the property includes three parcels. The main warehouse provides 8100 square feet of versatile space with convenient access. The interior includes 4 bathrooms, heat, and central air conditioning. A converted single-family residence offers 1000 square feet of office space, featuring 2 bedrooms and 1.5 baths. The third parcel is a vacant, fenced lot at the corner of Bannock and Arizona, offering potential for expansion, additional parking, or tailored developments. The property's configuration of warehouse, office space, and vacant lot creates multiple potential revenue streams and expansion opportunities, suitable for automotive, industrial, or investment purposes.
Key Highlights
- Prime location across from the future Broadway Station Development.
- Includes a large 8100 sq ft warehouse suitable for various businesses.
- Features a converted 1000 sq ft office space with 2 bedrooms and 1.5 baths.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,681
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,620
$2.4M
Cap Rate 7%
$1,695,443
$1.7M
Cap Rate 9%
$1,318,678
$1.3M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$213.8K $26.40/SF
− Vacancy
−$55.6K −$6.86/SF
EGI
$158.2K $19.54/SF
− OpEx
−$39.6K −$4.88/SF
NOI
$118.7K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,620
Cap Rate 7%
$1,695,443
Cap Rate 9%
$1,318,678
Alternative Uses
Best Use
Office B
$1.70M
$1.48M – $1.98M
NOI $118,681 @ 7.0% cap · market cap 3.16%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,702 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,497 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Under-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
$497,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Denver, CO
Properties on Market for Warehouses in Denver
Vacancy Rate% for Office in Denver, CO
Similar Off Market Nearby
- 303 Self Storage - Broadway — 1699 S Broadway, Denver, CO 80210
- Broadway Station Self Storage — 1475 S Acoma St, Denver, CO 80223
- Public Storage — 400 W Center Ave, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse, office, and vacant lot near Broadway Station Development.
Where is this warehouse located?
The property is located at 1221 S Bannock Denver, CO.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Prime location across from the future Broadway Station Development.; Includes a large 8100 sq ft warehouse suitable for various businesses.; Features a converted 1000 sq ft office space with 2 bedrooms and 1.5 baths.
