Industrial Warehouse with Rail
For Sale
$4,450,000
4200 Kearney St, Denver, CO 80216
Single-tenant industrial building features 17’ clear height, dock and grade doors, and a Union Pacific rail spur.
Property Size31,137 SF
Lot Size0.92 Acres
Price / SF$142.92
Days on Market161
Property Features for 4200 Kearney St
General Information
Standard status
Active
Size
31,137 SF
Total Parking Spaces
23
Lot size
0.92 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
4
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Amenities
Single-Tenant 31,137-Square-Foot Well-Maintained Industrial Building Situated on 0.92 Acres
Features 17' Clear Height, Four Docks, One Grade-Level Door, Sprinklers, and Newly Replaced Roof
Specially Equipped with Paint Booth, Dust Collection System, Rail Spur, and Heavy Power Up to 6,000a
To Be Sold Vacant, Creating Owner-User or Lease-Up Investment Opportunity
Accessible Location Along I-70 in Quebec Street Submarket Between Downtown Denver and Denver International Airport
Available for Lease at $8/SF NNN
Building Details
Building Size
31,137 SF
Year Built
1962
Tenancy
Single
Listing Agency:
Denver Office
Listed By:
Alyssa Tomback · License #License(s): CO: FA.100087968
(303) 328-2016
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 8
Last Checked: Sep 10 at 5:32AM
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 Denver Office
Investment Insights
Based on property information with market context.
Single-tenant industrial warehouse offering approximately 31,137 square feet with 17’ clear height. The building includes four dock-high doors and one grade-level door, with sprinklers and a new EPDM roof replaced in Q1 2025. On-site parking totals 23 spaces. The property is also equipped with a permitted paint booth and dust collection system, and provides three-phase heavy power described as 800 to 6,000 amps.
The property sits on 0.92 acres and includes a Union Pacific rail spur. Positioned along Interstate 70 in Denver, it is less than eight miles from Downtown Denver and about 17 miles from Denver International Airport. The asset is currently occupied and will be vacated upon sale.
In addition to the rail spur and power, the facility’s configuration supports manufacturing or specialty industrial operations requiring dust collection and paint booth equipment.
The property sits on 0.92 acres and includes a Union Pacific rail spur. Positioned along Interstate 70 in Denver, it is less than eight miles from Downtown Denver and about 17 miles from Denver International Airport. The asset is currently occupied and will be vacated upon sale.
In addition to the rail spur and power, the facility’s configuration supports manufacturing or specialty industrial operations requiring dust collection and paint booth equipment.
Key Highlights
- Single‑tenant industrial building with approximately 31,137 SF on 0.92 acres (built in 1962)
- 17’ clear height plus four dock‑high doors and one grade‑level door
- Four dock‑high doors and on‑site parking for 23 vehicles
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
$321,758
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
7.23%
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%
$6,435,160
$6.4M
Cap Rate 7%
$4,596,543
$4.6M
Cap Rate 9%
$3,575,089
$3.6M
Market Conditions
NOI Build-Up for 31,137 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
$411.0K $13.20/SF
− Vacancy
−$32.5K −$1.04/SF
EGI
$378.5K $12.16/SF
− OpEx
−$56.8K −$1.82/SF
NOI
$321.8K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$6,435,160
Cap Rate 7%
$4,596,543
Cap Rate 9%
$3,575,089
Alternative Uses
Best Use
Warehouse
$4.60M
$4.02M – $5.36M
NOI $321,758 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.91M
$8.67M – $11.56M
NOI $693,842 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17 ft
Clear height
4
Dock-high doors
1
Drive-in doors
Single-tenant
Tenancy
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial building features 17’ clear height, dock and grade doors, and a Union Pacific rail spur.
Where is this warehouse located?
The property is located at 4200 Kearney St Denver, CO.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Single‑tenant industrial building with approximately 31,137 SF on 0.92 acres (built in 1962); 17’ clear height plus four dock‑high doors and one grade‑level door; Four dock‑high doors and on‑site parking for 23 vehicles
