Lakewood Industrial Building For
For Sale
$3,669,000
11500 W 13th Ave, Lakewood, CO 80215
36,695 SF industrial building suited for owner/user or investor.
Property Size36,695 SF
Price / SF$99.99
Days on Market142
Property Features for 11500 W 13th Ave
General Information
Standard status
Active
Size
36,695 SF
Property subtype
Warehouse
Amenities
+/-36,695 SF Industrial on 2.53 Acres
Fenced Outdoor Storage Yard
Located near 6th and Simms Exit
Building Details
Building Size
36,695 SF
Year Built
1977
Listing Agency:
Marcus & Millichap - Denver
(303) 328-2020
Listed By:
Brandon Kramer · License #License(s): CO: FA100045203
(303) 328-2020
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 11
Last Checked: Aug 21 at 4:08AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
The property at 11500 13th Avenue, Lakewood, CO, is a +/-36,695 square foot industrial building. It is suitable for an owner/user or investor in need of large manufacturing space with outdoor storage on the west side of Denver.
Key Highlights
- Large +/-36,695 SF industrial building.
- Suitable for owner/user or investor.
- Located on the west side of Denver.
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
$290,416
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
7.92%
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%
$5,808,320
$5.8M
Cap Rate 7%
$4,148,800
$4.1M
Cap Rate 9%
$3,226,844
$3.2M
Market Conditions
NOI Build-Up for 36,695 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
$451.3K $12.30/SF
− Vacancy
−$36.5K −$0.99/SF
EGI
$414.9K $11.31/SF
− OpEx
−$124.5K −$3.39/SF
NOI
$290.4K $7.91/SF
Area
Lakewood, CO
Vacancy
8.08%
Lease Rate
$12.30 /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%
$5,808,320
Cap Rate 7%
$4,148,800
Cap Rate 9%
$3,226,844
Alternative Uses
Best Use
Industrial
$4.15M
$3.63M – $4.84M
NOI $290,416 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.99M
$9.62M – $12.82M
NOI $769,362 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - 36,695 SF industrial building suited for owner/user or investor.
Where is this manufacturing property located?
The property is located at 11500 W 13th Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $3,669,000.
What are key features of this property?
This property features: Large +/-36,695 SF industrial building.; Suitable for owner/user or investor.; Located on the west side of Denver.
