Flex Space with Lofted
For Sale
$325,000
560 Ames Street Unit 305, Denver, CO 80226
Flex space unit with high ceilings, a wide overhead garage door, and a lofted mezzanine for added storage or office use.
Property Size960 SF
Days on Market534
Property Features for 560 Ames Street Unit 305
General Information
Standard status
Active
Size
960 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$4,532
Amenities
clubhouse
showers
kitchenette
living space
gated access
24/7 surveillance
Building Details
Building Size
960 SF
Year Built
2023
Listing Agency:
Engel & Volkers Denver
(303) 888-0194
Listed By:
Robert Tait · License #100043948
Source:
Guidere
Added: Mar 10, 2025
Changed: Aug 19
Last Checked: Aug 25 at 12:46PM
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 Engel & Volkers Denver
Investment Insights
Based on property information with market context.
This flex space unit in Off-Site Garages of 6th Ave Storage Condos is designed for flexible use, including personal storage, workspace, or vehicle-related operations. The open layout features high ceilings and a wide overhead garage door for accommodating motor vehicles, boats, equipment, or inventory-based businesses. A lofted mezzanine adds practical space for additional storage or an office setup.
The unit is individually metered and includes a cabinet sink. For added convenience, the complex offers a clubhouse with showers, a kitchenette, and living space. Secure, gated access and 24/7 surveillance provide ongoing peace of mind.
Built in 2023, the unit is located at 560 Ames Street, Unit 305, in Denver, with easy access just off US-6 and Sheridan Blvd.
The unit is individually metered and includes a cabinet sink. For added convenience, the complex offers a clubhouse with showers, a kitchenette, and living space. Secure, gated access and 24/7 surveillance provide ongoing peace of mind.
Built in 2023, the unit is located at 560 Ames Street, Unit 305, in Denver, with easy access just off US-6 and Sheridan Blvd.
Key Highlights
- Lofted mezzanine for added storage or an office setup
- High ceilings plus a wide overhead garage door for vehicles, boats, and equipment
- Individually metered unit with a cabinet sink
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
$9,920
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
3.05%
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%
$198,400
$198.4K
Cap Rate 7%
$141,714
$141.7K
Cap Rate 9%
$110,222
$110.2K
Market Conditions
NOI Build-Up for 960 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
$12.7K $13.20/SF
− Vacancy
−$1.0K −$1.04/SF
EGI
$11.7K $12.16/SF
− OpEx
−$1.8K −$1.82/SF
NOI
$9.9K $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 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%
$198,400
Cap Rate 7%
$141,714
Cap Rate 9%
$110,222
Alternative Uses
Best Use
Warehouse
$141.7K
$124.0K – $165.3K
NOI $9,920 @ 7.0% cap · market cap 3.05%
Second Best
Flex RnD
$127.9K
$112.0K – $149.3K
NOI $8,956 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$305.6K
$267.4K – $356.5K
NOI $21,392 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space unit with high ceilings, a wide overhead garage door, and a lofted mezzanine for added storage or office use.
Where is this flex space located?
The property is located at 560 Ames Street Unit 305 Denver, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Lofted mezzanine for added storage or an office setup; High ceilings plus a wide overhead garage door for vehicles, boats, and equipment; Individually metered unit with a cabinet sink
