Flex Space with Potential to
For Sale
Contact for pricing
1187 E 68th Ave, Denver, CO 80229
Flex space near major interstates, with versatile suitability for manufacturing, distribution, R&D, or corporate use.
Property Size30,243 SF
Price / SF$131.27
Days on Market794
Property Features for 1187 E 68th Ave
General Information
Standard status
Active
Size
30,243 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Colliers - Denver
(303) 283-4578
Listed By:
Steve Serenyi · License #FA.040016442
Source:
Moodyscre
Added: May 29, 2024
Changed: Jul 30
Last Checked: Jul 31 at 10:29AM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
Flex space totaling 30,243 square feet offers versatile space suitable for manufacturing, distribution, R&D, or corporate headquarters. The layout also presents a possibility to divide into two separate units, supporting a range of user and occupancy strategies.
The property is positioned in Denver’s North Central submarket with strong access to major highways. Interstates 25, I-270, and I-76 are located about a half mile away, and Highway 36 is within 1.5 miles. The site also has direct access to I-70. Downtown Denver is reachable in an easy 10-minute drive, with Denver International Airport about 22 minutes away.
This offering is described as a unique user or investment sale in the heart of Denver, while the property is in an unincorporated Adams County location with a Denver mailing address.
The property is positioned in Denver’s North Central submarket with strong access to major highways. Interstates 25, I-270, and I-76 are located about a half mile away, and Highway 36 is within 1.5 miles. The site also has direct access to I-70. Downtown Denver is reachable in an easy 10-minute drive, with Denver International Airport about 22 minutes away.
This offering is described as a unique user or investment sale in the heart of Denver, while the property is in an unincorporated Adams County location with a Denver mailing address.
Key Highlights
- 30,243 SF flex space suitable for manufacturing, distribution, R&D, or corporate headquarters
- Possibility to divide into two separate units
- Interstates 25, I‑270, and I‑76 about a half mile away
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 | $544.4k | $18.00 |
| − Vacancy | −$43.5k | −$1.44 |
| EGI | $500.8k | $16.56 |
| − OpEx | −$175.3k | −$5.80 |
| NOI | $325.5k | $10.76 |
30,243 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.65M
$4.07M – $5.43M
NOI $325,536 @ 7.0% cap · market cap 8.20%
Second Best
Warehouse
$3.45M
$3.02M – $4.02M
NOI $241,492 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$9.18M
$8.03M – $10.71M
NOI $642,631 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80229, CO
54,153
Population
20,130
Households
2.7
Avg Household Size
33
Median Age
20%
College-Educated
79%
High-School Grad
12.5 sq mi
ZIP Area
4,332
Density / Sq Mi
$83,450
Median Household Income
$42,198
Median Earnings
$1,719
Median Rent
$382,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space near major interstates, with versatile suitability for manufacturing, distribution, R&D, or corporate use.
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 $3,970,000.
What are key features of this property?
This property features: 30,243 SF flex space suitable for manufacturing, distribution, R&D, or corporate headquarters; Possibility to divide into two separate units; Interstates 25, I‑270, and I‑76 about a half mile away
