Modern Industrial Facility For
For Sale
Contact for pricing
9792 Hanover Ct, Commerce City, CO 80640
39,612 SF Class A industrial facility built in 2020.
Property Size39,612 SF
Lot Size2.52 Acres
Price / SF$224.68
Days on Market520
Property Features for 9792 Hanover Ct
General Information
Standard status
Active
Size
39,612 SF
Class
A
Lot size
2.52 Acres
Property subtype
Industrial
Zoning
PUD
Building Details
Year Built
2020
Listing Agency:
Engel & Völkers Denver
(303) 951-3724
Listed By:
Kayla Mahoney, CCIM. · License #FA100090688
Source:
Crexi
Added: Mar 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:56PM
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 & Völkers Denver
Investment Insights
Based on property information with market context.
The industrial facility, constructed in 2020, offers 39,612 square feet of space on a 2.52-acre lot. Zoned PUD, this Class A property is available for purchase as an investment or for owner-user occupancy. The secured and gated facility features heavy power, drive-in loading capabilities, and convenient highway access. Modern construction elements include a fenced lot, floor drains, potential for bio-tech or lab space, and 24-hour accessibility. The property is located approximately 11 minutes from commuter rail and 24 minutes from the Denver International Airport (DIA). High traffic volumes are observed on nearby roads. The property is suitable for an owner-user or an investor interested in leasing or repurposing the space into a multi-tenant property.
Key Highlights
- Modern, Class A industrial facility built in 2020
- Excellent location with easy highway access and proximity to commuter rail and DIA
- Secured, gated facility suitable for owner‑user or investment
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
$471,940
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
5.30%
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%
$9,438,800
$9.4M
Cap Rate 7%
$6,742,000
$6.7M
Cap Rate 9%
$5,243,778
$5.2M
Market Conditions
NOI Build-Up for 39,612 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
$732.0K $18.48/SF
− Vacancy
−$57.8K −$1.46/SF
EGI
$674.2K $17.02/SF
− OpEx
−$202.3K −$5.11/SF
NOI
$471.9K $11.91/SF
Area
Adams County, CO
Vacancy
7.90%
Lease Rate
$18.48 /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%
$9,438,800
Cap Rate 7%
$6,742,000
Cap Rate 9%
$5,243,778
Alternative Uses
Best Use
Industrial
$6.74M
$5.90M – $7.87M
NOI $471,940 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$582.81M
$509.96M – $679.95M
NOI $40,796,934 @ 7.0% cap · market cap 458.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 80640, CO
13,106
Population
4,889
Households
2.7
Avg Household Size
33
Median Age
26%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
1,008
Density / Sq Mi
$111,145
Median Household Income
$58,417
Median Earnings
$2,138
Median Rent
$464,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 39,612 SF Class A industrial facility built in 2020.
Where is this industrial property located?
The property is located at 9792 Hanover Ct Commerce City, CO.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Modern, Class A industrial facility built in 2020; Excellent location with easy highway access and proximity to commuter rail and DIA; Secured, gated facility suitable for owner‑user or investment
