Warehouse Garage Condo
New
For Sale
$185,000
12958 E Adam Aircraft Cir D42, Englewood, CO 80112
Commercial storage condo with garage functionality for vehicles, hobby gear, or personal property.
Property Size638 SF
Price / SF$289.97
Days on Market2
Property Features for 12958 E Adam Aircraft Cir D42
General Information
Standard status
Active
Size
638 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,302
Building Details
Building Size
638 SF
Year Built
2007
Units
1
Listing Agency:
(720) 434-4677
Listed By:
Tracey Powell · License #000266311
(720) 434-4677
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 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 Tracey Powell
Investment Insights
Based on property information with market context.
This 2007-built warehouse condo provides roughly 638 square feet of commercial storage and garage space. The unit is suited to storing vehicles, personal property, or hobby equipment within a dedicated commercial condominium setting.
The property is located at 12958 E Adam Aircraft Cir D42 in the Dove Valley area of Englewood, Colorado. It is near Centennial Airport, major regional corridors, and Broncos Park training facility. Walk Score is 28, Bike Score is 37, and Transit Score is 0, reflecting a car-dependent setting with limited transit access.
The property is located at 12958 E Adam Aircraft Cir D42 in the Dove Valley area of Englewood, Colorado. It is near Centennial Airport, major regional corridors, and Broncos Park training facility. Walk Score is 28, Bike Score is 37, and Transit Score is 0, reflecting a car-dependent setting with limited transit access.
Key Highlights
- Roughly 638 square feet of commercial storage and garage space
- Warehouse condo unit at 12958 E Adam Aircraft Cir D42
- 2007‑built commercial property
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
$5,815
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
3.14%
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%
$116,300
$116.3K
Cap Rate 7%
$83,071
$83.1K
Cap Rate 9%
$64,611
$64.6K
Market Conditions
NOI Build-Up for 638 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
$7.4K $11.58/SF
− Vacancy
−$547 −$0.86/SF
EGI
$6.8K $10.72/SF
− OpEx
−$1.0K −$1.61/SF
NOI
$5.8K $9.11/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /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%
$116,300
Cap Rate 7%
$83,071
Cap Rate 9%
$64,611
Alternative Uses
Best Use
Warehouse
$83.1K
$72.7K – $96.9K
NOI $5,815 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.47M
$8.29M – $11.05M
NOI $663,058 @ 7.0% cap · market cap 358.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Garage Den — 7542 S Potomac St, Centennial, CO 80112
- Broncos Parkway. RV and Boat Storage — 12559 E Broncos Pkwy, Centennial, CO 80112
- Extra Space Storage — 13404 E Broncos Pkwy, Centennial, CO 80112
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial storage condo with garage functionality for vehicles, hobby gear, or personal property.
Where is this warehouse located?
The property is located at 12958 E Adam Aircraft Cir D42 Englewood, CO.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Roughly 638 square feet of commercial storage and garage space; Warehouse condo unit at 12958 E Adam Aircraft Cir D42; 2007‑built commercial property
