12198 Ridge Rd Wheat Ridge, CO 80033
13,541 SF multi-tenant industrial asset with outdoor storage.
Property Features for 12198 Ridge Rd
General Information
- Standard status
- Active
- Size
- 13,541 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1968
Listing office Marcus & Millichap - Denver (303) 328-2020
Listing date Apr 28, 2025
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- 13,541 SF multitenant industrial and outdoor storage asset.
- Convenient location off Ward Road and I‑70 with access to major transportation routes.
- Located across from the Ward Station light rail stop.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.8k | $11.58 |
| − Vacancy | −$6.9k | −$0.51 |
| EGI | $149.9k | $11.07 |
| − OpEx | −$45.0k | −$3.32 |
| NOI | $104.9k | $7.75 |
