Net-Leased Retail
For Sale
$4,000,000
12505 W 52ND AVE, Arvada, CO 80002
Stabilized single-tenant net lease occupied by Office Depot with true NNN expense responsibility.
Property Size21,238 SF
Days on Market95
Property Features for 12505 W 52ND AVE
General Information
Standard status
Active
Size
21,238 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
21,238 SF
Tenancy
Single
Listing Agency:
Digby Commercial Advisors
Listed By:
Lauren Moyer · License #FA.100101892
(720) 843-1330
Source:
Commercialcafe
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 5 at 4:37AM
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 Digby Commercial Advisors
Investment Insights
Based on property information with market context.
12505 W 52ND AVE offers a stabilized, single-tenant net leased retail building currently occupied by Office Depot. The property is structured as a true NNN lease, with the tenant responsible for property taxes, insurance, CAM expenses, utilities, and the majority of day-to-day operating costs. This format is designed to reduce landlord involvement while maintaining clear expense responsibility under the lease.
The site is located in the Arvada trade area near I-70 and Ward Road, supporting convenient regional access. Office Depot has operated at the property since 2009, providing continuity of occupancy.
For investors and 1031 Exchange buyers seeking a passive, net-leased retail asset, this offering provides a single-tenant structure with broad operating expense coverage assigned to the tenant. The current tenancy by a nationally recognized retailer may be an important consideration for buyers evaluating long-term, institutionally styled net lease investments.
The site is located in the Arvada trade area near I-70 and Ward Road, supporting convenient regional access. Office Depot has operated at the property since 2009, providing continuity of occupancy.
For investors and 1031 Exchange buyers seeking a passive, net-leased retail asset, this offering provides a single-tenant structure with broad operating expense coverage assigned to the tenant. The current tenancy by a nationally recognized retailer may be an important consideration for buyers evaluating long-term, institutionally styled net lease investments.
Key Highlights
- Single‑tenant net leased property occupied by Office Depot since 2009
- Built in 2008
- True NNN lease: tenant pays property taxes, insurance, CAM expenses, and utilities
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
$293,823
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
7.35%
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%
$5,876,460
$5.9M
Cap Rate 7%
$4,197,471
$4.2M
Cap Rate 9%
$3,264,700
$3.3M
Market Conditions
NOI Build-Up for 21,238 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
$458.7K $21.60/SF
− Vacancy
−$39.0K −$1.84/SF
EGI
$419.7K $19.76/SF
− OpEx
−$125.9K −$5.93/SF
NOI
$293.8K $13.83/SF
Area
Arvada, CO
Vacancy
8.50%
Lease Rate
$21.60 /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%
$5,876,460
Cap Rate 7%
$4,197,471
Cap Rate 9%
$3,264,700
Alternative Uses
Best Use
Retail
$4.20M
$3.67M – $4.90M
NOI $293,823 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,575 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Office Supplies 52%
Shops & Services 48%
Office Depot
Office Supplies
5,433 visits/mo
0.1 miles
Mobil
Shops & Services
4,931 visits/mo
0.4 miles
Demographics for 80002, CO
20,267
Population
9,960
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
6.5 sq mi
ZIP Area
3,118
Density / Sq Mi
$92,827
Median Household Income
$55,044
Median Earnings
$1,733
Median Rent
$538,900
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Stabilized single-tenant net lease occupied by Office Depot with true NNN expense responsibility.
Where is this retail space located?
The property is located at 12505 W 52ND AVE Arvada, CO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Single‑tenant net leased property occupied by Office Depot since 2009; Built in 2008; True NNN lease: tenant pays property taxes, insurance, CAM expenses, and utilities
