Luxury Car Storage
For Sale
Contact for pricing
1260 Santa Fe Dr, Denver, CO
Immaculately clean warehouse with high visibility and parking spaces.
Property Size4,099 SF
Lot Size0.21 Acres
Price / SF$250.06
Days on Market1207
Property Features for 1260 Santa Fe Dr
General Information
Standard status
Active
Size
4,099 SF
Lot size
0.21 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9571
Listed By:
James (Jamie) Mitchell
(303) 962-9571
Source:
Moodyscre
Added: Apr 20, 2023
Changed: Jul 6
Last Checked: Aug 8 at 12:04PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
The property, currently operating as a luxury car storage warehouse, features an immaculately clean and well-maintained interior. It offers between 20 and 30 parking spaces, depending on vehicle size. Several large neon signs are present. The location provides high visibility due to high foot and vehicle traffic on S Santa Fe Drive. The property is less than a 20-minute walk from the I-25 / S Broadway Station. Ceiling heights range from 9.3 feet to 10.6 feet. Car lifts and equipment can be purchased with the building as a turnkey car storage or man cave property. The property size is 4099 square feet.
Key Highlights
- Prime location with high visibility on S Santa Fe Drive due to high foot and vehicle traffic.
- Currently operating as a luxury car storage warehouse.
- Between 20‑30 parking spaces available.
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
$56,111
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
5.47%
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%
$1,122,220
$1.1M
Cap Rate 7%
$801,586
$801.6K
Cap Rate 9%
$623,456
$623.5K
Market Conditions
NOI Build-Up for 4,099 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
$84.1K $20.52/SF
− Vacancy
−$4.0K −$0.96/SF
EGI
$80.2K $19.56/SF
− OpEx
−$24.0K −$5.87/SF
NOI
$56.1K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /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%
$1,122,220
Cap Rate 7%
$801,586
Cap Rate 9%
$623,456
Alternative Uses
Best Use
Retail
$801.6K
$701.4K – $935.2K
NOI $56,111 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$605.1K
$529.5K – $706.0K
NOI $42,358 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,340 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 303 Self Storage - Broadway — 1699 S Broadway, Denver, CO 80210
- ClearHome Self Storage — 1830 S Bannock St, Denver, CO 80223
- Broadway Station Self Storage — 1475 S Acoma St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Warehouse - Immaculately clean warehouse with high visibility and parking spaces.
Where is this warehouse located?
The property is located at 1260 Santa Fe Dr Denver, CO.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Prime location with high visibility on S Santa Fe Drive due to high foot and vehicle traffic.; Currently operating as a luxury car storage warehouse.; Between 20‑30 parking spaces available.
