Industrial Warehouse with
For Sale
$1,800,000
1270 S Bannock Street, Denver, CO 80223
Fully sprinklered warehouse space with heavy power, drive-in doors, and secure yard options for flexible owner-user use.
Property Size9,123 SF
Price / SF$347.42
Days on Market68
Property Features for 1270 S Bannock Street
General Information
Standard status
Active
Size
9,123 SF
Property subtype
Industrial
Warehouse & Industrial
Drive-In Doors
4
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Cap Rate
5.92%
Fenced Yard
Yes
Building Details
Building Size
9,123 SF
Listing Agency:
Unique Properties, Inc
(303) 668-3733
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Tcnworldwide
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 2:15AM
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
Investment Insights
Based on property information with market context.
This industrial offering includes multiple warehouse configurations with drive-in access and available yard space. One warehouse area totals 3,942 SF and is fully sprinklered, supported by two exhaust fans and a large 12’ x 12’ drive-in door. Additional warehouse space is available at 5,181 SF with no sprinklers, featuring two 10’ x 12’ drive-in doors. Office space is available in the 500 to 1,500 SF range. Yard options include a 625 SF area available in 60 days if desired, and another 1,225 SF yard area leased through October 2029. An additional 1,850 SF yard can be fully fenced and secure. Multiple floor drains are included throughout, and the property offers heavy power with 3-phase 600 amp (TBV).
The property is located in the city/county of Denver and provides both ample off-street parking and on-street parking. It is just over one block away from the new Denver Summit FC soccer stadium site, which may support future redevelopment interest.
With a mix of sprinklered and non-sprinklered warehouse space, plus flexible yard and office footprints, this is well-suited for an owner-user that needs operational flexibility while also considering income in place. The leased yard areas provide potential ongoing cash flow, with income details available upon request.
The property is located in the city/county of Denver and provides both ample off-street parking and on-street parking. It is just over one block away from the new Denver Summit FC soccer stadium site, which may support future redevelopment interest.
With a mix of sprinklered and non-sprinklered warehouse space, plus flexible yard and office footprints, this is well-suited for an owner-user that needs operational flexibility while also considering income in place. The leased yard areas provide potential ongoing cash flow, with income details available upon request.
Key Highlights
- 3,942 SF fully sprinklered warehouse with two exhaust fans and a large 12' x 12' drive‑in door
- Heavy power: 3‑phase 600 amp (TBV) plus multiple floor drains throughout the warehouse space
- Warehouse includes drive‑in doors: two 10' x 12' doors plus additional 12' x 12' drive‑in door(s)
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
$75,912
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
4.22%
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%
$1,518,240
$1.5M
Cap Rate 7%
$1,084,457
$1.1M
Cap Rate 9%
$843,467
$843.5K
Market Conditions
NOI Build-Up for 5,181 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
$136.8K $26.40/SF
− Vacancy
−$35.6K −$6.86/SF
EGI
$101.2K $19.54/SF
− OpEx
−$25.3K −$4.88/SF
NOI
$75.9K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,518,240
Cap Rate 7%
$1,084,457
Cap Rate 9%
$843,467
Alternative Uses
Best Use
Office B
$1.08M
$948.9K – $1.27M
NOI $75,912 @ 7.0% cap · market cap 4.22%
Second Best
Warehouse
$764.8K
$669.2K – $892.3K
NOI $53,538 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,451 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully sprinklered warehouse space with heavy power, drive-in doors, and secure yard options for flexible owner-user use.
Where is this warehouse located?
The property is located at 1270 S Bannock Street Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 3,942 SF fully sprinklered warehouse with two exhaust fans and a large 12' x 12' drive‑in door; Heavy power: 3‑phase 600 amp (TBV) plus multiple floor drains throughout the warehouse space; Warehouse includes drive‑in doors: two 10' x 12' doors plus additional 12' x 12' drive‑in door(s)
