Industrial Zoned Property For
For Sale
Contact for pricing
1257 S Bannock St, Denver, CO
Industrial zoned property suitable for live/work in West Broadway.
Property Size5,211 SF
Lot Size0.49 Acres
Price / SF$190.94
Days on Market260
Property Features for 1257 S Bannock St
General Information
Standard status
Active
Size
5,211 SF
Lot size
0.49 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Unique Properties, Inc.
(720) 849-2255
Listed By:
Richard Bowler · License #EA.001326291
(720) 849-2255
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: May 20 at 10:00PM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
This industrial zoned property for sale consists of three contiguous lots, suitable for live/work, with a total land area of 21,870 square feet. It is located in the West Broadway Addition of Denver, specifically at 1237, 1247 and 1257 South Bannock Street, just south of the intersection of S. Bannock and West Arizona Ave. The current zoning is I-A (Light Industrial). All three lots have frontage on the west side of S. Bannock Street and can also be served by an alley. Existing improvements include a single-family home with a detached garage / shop on a 6,250 square foot lot at 1237 South Bannock; another single family home on a 6,250 square foot lot at the 1247 South address and a 2,156 square foot light industrial building on a 9,370 square foot lot at the 1257 South Bannock address. Each of the individual properties are currently leased month-to-month, with the possibility of extending terms of the leases which may provide income sufficient to offset holdings costs until a re-development concept can be approved. This Central Market area location is easily accessed from South Santa Fe Drive (US 85) or South Broadway via West Florida Ave or West Mississippi Ave.
Key Highlights
- Industrial Zoned Property (I‑A) suitable for live/work.
- Total land area of 21,870 sf consisting of three contiguous lots.
- Located in the West Broadway Addition of Denver, an area undergoing significant re‑development.
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
$44,259
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
4.45%
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%
$885,180
$885.2K
Cap Rate 7%
$632,271
$632.3K
Cap Rate 9%
$491,767
$491.8K
Market Conditions
NOI Build-Up for 5,211 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
$68.8K $13.20/SF
− Vacancy
−$5.6K −$1.07/SF
EGI
$63.2K $12.13/SF
− OpEx
−$19.0K −$3.64/SF
NOI
$44.3K $8.49/SF
Area
Denver, CO
Vacancy
8.08%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$885,180
Cap Rate 7%
$632,271
Cap Rate 9%
$491,767
Alternative Uses
Best Use
Industrial
$632.3K
$553.2K – $737.7K
NOI $44,259 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,119 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial zoned property suitable for live/work in West Broadway.
Where is this industrial property located?
The property is located at 1257 S Bannock St Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Industrial Zoned Property (I‑A) suitable for live/work.; Total land area of 21,870 sf consisting of three contiguous lots.; Located in the West Broadway Addition of Denver, an area undergoing significant re‑development.
