Englewood Multi-Tenant Industrial
For Sale
$1,800,000
2492 S Tejon St, Englewood, CO 80110
10,027 SF multi-tenant industrial asset in Englewood Industrial Park.
Property Size10,027 SF
Price / SF$179.52
Days on Market158
Property Features for 2492 S Tejon St
General Information
Standard status
Active
Size
10,027 SF
Property subtype
Industrial
Building Details
Building Size
10,027 SF
Year Built
1980
Listing Agency:
Unique Properties, Inc.
Listed By:
Greg Knott · License #FA.001312096
(303) 521-3648
Source:
Uniqueprop
Added: Apr 1
Changed: Sep 2
Last Checked: Sep 5 at 7:07AM
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.
The property at 2492-2498 S Tejon is a 10,027 square foot multi-tenant industrial asset. It is comprised of four individual units and located on a highly visible corner parcel within the Englewood Industrial Park. The building is configured with functional small-bay layouts that are increasingly difficult to find in the Denver metro area, particularly in Englewood, where supply remains extremely limited. Roof replacements were completed in 2018 on the north side and are planned for 2025 on the south side, with a total cost of $87,446.76. Electrical upgrades were completed in 2018 for $55,056. Windows and doors were re-sealed in 2025. Exterior siding repairs were performed in 2024, including entry soffits that were repaired and painted. The exterior was painted in 2024, and concrete repairs were completed in 2025. A new 2-ton mini-split HVAC system was installed in 2024, and a new domestic backflow was installed in 2023. Building interior refreshes were completed in 2498 in 2019, 2496 in 2020, and 2492 & 2494 in 2022.
Key Highlights
- Functional small‑bay layouts increasingly difficult to find in the Denver metro area, particularly in Englewood.
- Located on a highly visible corner parcel within the Englewood Industrial Park.
- Roof Replacements in 2018 (North) & 2025 (South).
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
$75,264
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
4.18%
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%
$1,505,280
$1.5M
Cap Rate 7%
$1,075,200
$1.1M
Cap Rate 9%
$836,267
$836.3K
Market Conditions
NOI Build-Up for 10,027 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
$116.1K $11.58/SF
− Vacancy
−$8.6K −$0.86/SF
EGI
$107.5K $10.72/SF
− OpEx
−$32.3K −$3.22/SF
NOI
$75.3K $7.51/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /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%
$1,505,280
Cap Rate 7%
$1,075,200
Cap Rate 9%
$836,267
Alternative Uses
Best Use
Industrial
$1.08M
$940.8K – $1.25M
NOI $75,264 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$998.4K
$873.6K – $1.16M
NOI $69,888 @ 7.0% cap · market cap 3.88%
Theoretical Best
Multifamily LT 5
$148.87M
$130.26M – $173.68M
NOI $10,420,824 @ 7.0% cap · market cap 578.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 10,027 SF multi-tenant industrial asset in Englewood Industrial Park.
Where is this flex space located?
The property is located at 2492 S Tejon St Englewood, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Functional small‑bay layouts increasingly difficult to find in the Denver metro area, particularly in Englewood.; Located on a highly visible corner parcel within the Englewood Industrial Park.; Roof Replacements in 2018 (North) & 2025 (South).
