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    Modern Flex/Office Building For Sale Title is generated by Realmo AI

    1305 S Inca St, Denver, CO 80223

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    For Sale
    $995,000

    Two-story flex/office building with warehouse space and outdoor area.

    Type:Industrial
    Property size:
    3,654 SF
    Price / SF:
    $272/SF
    Added:
    Apr 1, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 1 at 11:50 am

    Property Features for 1305 S Inca St

    General Information

    Standard status
    Active
    Size
    3,654 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Brad Gilpin
    Brad Gilpin

    Listing agent Brad Gilpin License #EA.100007414

    Listing office Unique Properties, Inc.

    Listing date Apr 1, 2026

    Source Tcnworldwide

    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.

    HighLights

    • Great location near Santa Fe Drive and W. Mississippi Ave.
    • 3,654 SF Flex/Office building with flexible usage: warehouse and office/residence.
    • Zoned I‑A industrial in Denver.
    • 1,575 SF private outdoor garden area, potentially for parking or storage.
    • Upgraded with new siding in 2025.
    • 1 phase 400 amp 240 volt power (3 phase available nearby).

    Overview

    This 3,654 square foot flex/office building, constructed in 2013 and featuring new siding in 2025, offers a versatile space suitable for various business needs. The two-story structure includes a main level with a 10-foot clear warehouse area. The second level is currently configured as a private residence but can be utilized as office space. The property is zoned I-A industrial in Denver. Loading is facilitated by a small half-dock door, with the potential for conversion to drive-in loading. A 1,575 square foot private outdoor garden area presents opportunities for additional parking or fenced outdoor storage. The building is equipped with 1 phase 400 amp 240 volt power, with 3-phase power available nearby. Full HVAC control is provided throughout the building. The property is located a few minutes from Santa Fe Drive and W. Mississippi Ave.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $594.9K
    NOI $53,538 @ 9.00% cap · cautious / downside scenario
    Moderate
    $764.8K
    NOI $53,538 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.07M
    NOI $53,538 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $96.5k $26.40
    − Vacancy −$25.1k −$6.86
    EGI $71.4k $19.54
    − OpEx −$17.8k −$4.88
    NOI $53.5k $14.65
    3,654 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $764.8K
    $669.2K – $892.3K (±1% cap)
    NOI $53,538 @ 7.0% cap · market cap 5.38%
    Second Best
    Warehouse
    $539.4K
    $472.0K – $629.3K (±1% cap)
    NOI $37,759 @ 7.0% cap · market cap 3.79%
    Theoretical Best
    Office A
    $1.16M
    $1.02M – $1.36M (±1% cap)
    NOI $81,424 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Table M Lamp ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • GB Fish & Chips Catering — 1174 S Cherokee St, Denver, CO 80223
    • Silver Spoons Catering & Events — 1170 S Kalamath St, Denver, CO 80223

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9984964
    Latitude
    39.692855

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    FAQs

    What type of property is this?
    Flex space - Two-story flex/office building with warehouse space and outdoor area.
    Where is this flex space located?
    The property is located at 1305 S Inca 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: Great location near Santa Fe Drive and W. Mississippi Ave.; 3,654 SF Flex/Office building with flexible usage: warehouse and office/residence.; Zoned I‑A industrial in Denver.
    (303) 668-3733
    We can help!
    Listing Contact
    Brad Gilpin
    Brad Gilpin
    Real Estate License ID: EA.100007414
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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