Office/Warehouse Flex
For Sale
Contact for pricing
2610 S Raritan Cir, Englewood, CO 80110
I-2 zoned industrial building with 180 warehouse clear heights and a 90% warehouse, 10% office split.
Property Size10,200 SF
Price / SF$185.29
Days on Market516
Property Features for 2610 S Raritan Cir
General Information
Standard status
Active
Size
10,200 SF
Property subtype
INDUSTRIAL
Zoning
I-2
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
2
Drive-In Doors
2
Listing Agency:
Northpeak Commercial Advisors
(720) 738-1949
Listed By:
Drew Williams · License #FA100099403
(303) 917-5232
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Sep 5
Last Checked: Sep 14 at 6:10AM
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 Northpeak Commercial Advisors
Investment Insights
Based on property information with market context.
This office/warehouse flex building is set up for industrial operations, with 180 overhead clear height in the warehouse area. The layout includes a 90% warehouse and 10% office breakdown.
The building has two 100 front dock-high doors and two 120 drive-in doors in the rear, supporting efficient loading and receiving. The property is zoned I-2.
The offering totals 10,200 square feet under I-2 zoning, providing a functional combination of warehouse space and supporting office area.
The building has two 100 front dock-high doors and two 120 drive-in doors in the rear, supporting efficient loading and receiving. The property is zoned I-2.
The offering totals 10,200 square feet under I-2 zoning, providing a functional combination of warehouse space and supporting office area.
Key Highlights
- I‑2 zoned industrial building with 18’ warehouse clear heights
- Two 10’ dock‑high doors at the front and two 12’ drive‑in doors at the back
- 90% warehouse and 10% office split
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
$92,969
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
4.92%
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%
$1,859,380
$1.9M
Cap Rate 7%
$1,328,129
$1.3M
Cap Rate 9%
$1,032,989
$1.0M
Market Conditions
NOI Build-Up for 10,200 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
$118.1K $11.58/SF
− Vacancy
−$8.7K −$0.86/SF
EGI
$109.4K $10.72/SF
− OpEx
−$16.4K −$1.61/SF
NOI
$93.0K $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%
$1,859,380
Cap Rate 7%
$1,328,129
Cap Rate 9%
$1,032,989
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,969 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$1.09M
$957.0K – $1.28M
NOI $76,563 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$151.44M
$132.51M – $176.68M
NOI $10,600,619 @ 7.0% cap · market cap 560.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
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 West region
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Similar Off Market Nearby
- Fat Boy Q — 2780 S Raritan St, Englewood, CO 80110
Frequently Asked Questions
What type of property is this?
Flex space - I-2 zoned industrial building with 180 warehouse clear heights and a 90% warehouse, 10% office split.
Where is this flex space located?
The property is located at 2610 S Raritan Cir Englewood, CO.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: I‑2 zoned industrial building with 18’ warehouse clear heights; Two 10’ dock‑high doors at the front and two 12’ drive‑in doors at the back; 90% warehouse and 10% office split
