Multi-Bay Warehouse and
For Sale
Contact for pricing
1276 S Bannock St, Denver, CO 80223
Multi-bay warehouse with multiple drive-in doors, yard area, 3-phase 600-amp power, and heavy power.
Property Size9,123 SF
Price / SF$197.30
Days on Market85
Property Features for 1276 S Bannock St
General Information
Standard status
Active
Size
9,123 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
6
Power
600 amps
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Cap Rate
5.92%
Outdoor Storage
Yes
Listing Agency:
Unique Properties, Inc.
(303) 668-3733
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Moodyscre
Added: Jun 1
Changed: Aug 22
Last Checked: Aug 23 at 4:28AM
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 offering includes multiple warehouse spaces totaling 9,123 square feet, with configurations ranging from fully sprinklered warehouse area to non-sprinklered warehouse area. The property features large drive-in doors, exhaust fans, and multiple floor-drains, along with 3-phase 600 amp (TBV) heavy power. Office space is available in the 5,181 SF warehouse component, and the property also includes yard areas that can support outdoor use, including one yard that can be fully fenced and secure.
Ample off-street parking and on-street parking serve the property. The Denver location is just over one block from the new Denver Summit FC soccer stadium site, with potential redevelopment potential noted in the remarks.
Lease details are provided for yard and space availability, including yard space that is leased through May 31st, 2028 and another yard area leased through October 2029. Income information and cap rate information are available upon request.
Ample off-street parking and on-street parking serve the property. The Denver location is just over one block from the new Denver Summit FC soccer stadium site, with potential redevelopment potential noted in the remarks.
Lease details are provided for yard and space availability, including yard space that is leased through May 31st, 2028 and another yard area leased through October 2029. Income information and cap rate information are available upon request.
Key Highlights
- 3,942 SF fully sprinklered warehouse area with two exhaust fans and a large 12' x 12' drive‑in door
- 5,181 SF warehouse area with no sprinklers, includes two 10' x 12' drive‑in doors and 500 to 1,500 SF office
- Heavy power: 3‑phase 600 amp service (TBV) plus multiple floor drains throughout
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
$94,274
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
5.24%
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%
$1,885,480
$1.9M
Cap Rate 7%
$1,346,771
$1.3M
Cap Rate 9%
$1,047,489
$1.0M
Market Conditions
NOI Build-Up for 9,123 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
$120.4K $13.20/SF
− Vacancy
−$9.5K −$1.04/SF
EGI
$110.9K $12.16/SF
− OpEx
−$16.6K −$1.82/SF
NOI
$94.3K $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%
$1,885,480
Cap Rate 7%
$1,346,771
Cap Rate 9%
$1,047,489
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,274 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,293 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,878
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 Industrial 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 - Multi-bay warehouse with multiple drive-in doors, yard area, 3-phase 600-amp power, and heavy power.
Where is this warehouse located?
The property is located at 1276 S Bannock St 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 area with two exhaust fans and a large 12' x 12' drive‑in door; 5,181 SF warehouse area with no sprinklers, includes two 10' x 12' drive‑in doors and 500 to 1,500 SF office; Heavy power: 3‑phase 600 amp service (TBV) plus multiple floor drains throughout
