Subdividable Industrial Flex
1187 E 68th Ave Denver, CO 80229
1187 E 68th Ave, Denver, CO, 80229
Contact for pricing
For Sale
Contact for pricing
Industrial flex building for sale with heavy power and space that can be subdivided for multiple tenants.
Property Size29,486 SF
Price / SF$152.45
Days on Market784
Property Features for 1187 E 68th Ave
General Information
- Standard status
- Active
- Size
- 29,486 SF
- Property subtype
- INDUSTRIAL
Listing agency
Realty One Group Premier
(303) 522-8277
Listed by
Jeffrey Samuelson
(303) 522-8277
Source
Moodyscre
Added: May 29, 2024 Updated: Jul 21 at 12:19PM Checked: Jul 21 at 12:19PM
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 Realty One Group Premier
Investment Insights
Based on property information with market context.
For sale: a large industrial flex facility totaling 29,486 square feet, positioned to support manufacturing, distribution, or office use. The building can be easily subdivided for multiple tenants, making it suitable for users seeking separate operating areas within the same property. The facility is also identified as having heavy power.
Located at 1187 E 68th Ave in Denver, the property is presented with an office-to-industrial ratio designed to balance office needs with industrial functionality. It is offered as a versatile option for industrial operations in the area.
The combination of flexible layout and heavy power supports a range of industrial uses, while the ability to subdivide can help accommodate multiple occupants under one roof.
Located at 1187 E 68th Ave in Denver, the property is presented with an office-to-industrial ratio designed to balance office needs with industrial functionality. It is offered as a versatile option for industrial operations in the area.
The combination of flexible layout and heavy power supports a range of industrial uses, while the ability to subdivide can help accommodate multiple occupants under one roof.
Key Highlights
- Large industrial building for sale at 1187 E 68th Ave, Denver, CO
- Heavy power available on the property
- Can be subdivided for multiple tenants
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $530.7k | $18.00 |
| − Vacancy | −$42.5k | −$1.44 |
| EGI | $488.3k | $16.56 |
| − OpEx | −$170.9k | −$5.80 |
| NOI | $317.4k | $10.76 |
29,486 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.53M
$3.97M – $5.29M
NOI $317,387 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$3.36M
$2.94M – $3.92M
NOI $235,448 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$8.95M
$7.83M – $10.44M
NOI $626,546 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Arrowhead Vinyl Specialties
Department Store
Unified Packaging Inc
Industrial Manufacturer
Rice Rigid Box ...
Big Box & Wholesale Store
Pillow Pockets
Hiking Area
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FAQs
What type of property is this?
Flex space - Industrial flex building for sale with heavy power and space that can be subdivided for multiple tenants.
Where is this flex space located?
The property is located at 1187 E 68th Ave Denver, CO.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Large industrial building for sale at 1187 E 68th Ave, Denver, CO; Heavy power available on the property; Can be subdivided for multiple tenants
