Denver Industrial Building For
For Sale
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1331 W Maple Ave, Denver, CO 80223
22,000 SF building on 33,457 SF lot in Denver.
Property Size22,000 SF
Lot Size0.77 Acres
Price / SF$147.73
Days on Market691
Property Features for 1331 W Maple Ave
General Information
Standard status
Active
Size
22,000 SF
Class
B
Lot size
0.77 Acres
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
Rollert Avery Companies
Listed By:
Seth Rollert · License #ER001144825
Source:
Crexi
Added: Oct 4, 2024
Changed: Aug 22
Last Checked: Aug 23 at 8:18AM
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 Rollert Avery Companies
Investment Insights
Based on property information with market context.
Located at 1340 W. Bayaud Ave/1331 W. Maple Ave. in Denver, Colorado, the Bayaud Maple Building presents an investment opportunity. The property features a 22,000 square feet building on a 33,457 square feet lot in the Valverde neighborhood. Zoned I-B by the City and County of Denver, the property offers potential for owners, users, and investors. The location provides visibility and access.
Key Highlights
- Substantial Price Reduction: Recently reduced by $250,000, now priced at $3,750,000.
- Large Building Size: Features a spacious 22,000 square feet building.
- Generous Lot Size: Situated on a 33,457 square feet lot.
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
$186,855
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
5.75%
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%
$3,737,100
$3.7M
Cap Rate 7%
$2,669,357
$2.7M
Cap Rate 9%
$2,076,167
$2.1M
Market Conditions
NOI Build-Up for 22,000 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
$290.4K $13.20/SF
− Vacancy
−$23.5K −$1.07/SF
EGI
$266.9K $12.13/SF
− OpEx
−$80.1K −$3.64/SF
NOI
$186.9K $8.49/SF
Area
Denver, CO
Vacancy
8.08%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$3,737,100
Cap Rate 7%
$2,669,357
Cap Rate 9%
$2,076,167
Alternative Uses
Best Use
Industrial
$2.67M
$2.34M – $3.11M
NOI $186,855 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.00M
$6.13M – $8.17M
NOI $490,237 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Industrial property - 22,000 SF building on 33,457 SF lot in Denver.
Where is this industrial property located?
The property is located at 1331 W Maple Ave Denver, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Substantial Price Reduction: Recently reduced by $250,000, now priced at $3,750,000.; Large Building Size: Features a spacious 22,000 square feet building.; Generous Lot Size: Situated on a 33,457 square feet lot.
