Heavy-Power Manufacturing
For Sale
$6,650,000
3600 E 45th Ave, Denver, CO 80216
Manufacturing facility with substantial electrical capacity, flexible multi-tenant configuration, and limited office space.
Property Size66,260 SF
Lot Size2.21 Acres
Price / SF$100.36
Days on Market71
Property Features for 3600 E 45th Ave
General Information
Standard status
Active
Size
66,260 SF
Lot size
2.21 Acres
Property subtype
Industrial
Warehouse & Industrial
Power
5,500 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
66,260 SF
Year Built
1963
Buildings
1
Listing Agency:
Unique Properties, Inc
Listed By:
Brett MacDougall · License #FA.100049630
(201) 274-5768
Source:
Uniqueprop
Added: Jun 25
Changed: Sep 2
Last Checked: Sep 2 at 2:48PM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Built in 1963, this manufacturing property contains 66,260 square feet within an approximately 2.21-acre site. The facility is equipped with 5,500 amps of power at 277/480 volts with 3-phase service and has a fully sprinklered wet system. Office area is limited, with the ability to add additional office space.
The building is located at 3600 E 45th Avenue in Denver, just off I-70 and Colorado Boulevard. It sits within a dense industrial corridor with access to I-70, I-270, and I-25. The property can be divided for multiple tenants, supporting a range of manufacturing occupancy configurations.
The building is located at 3600 E 45th Avenue in Denver, just off I-70 and Colorado Boulevard. It sits within a dense industrial corridor with access to I-70, I-270, and I-25. The property can be divided for multiple tenants, supporting a range of manufacturing occupancy configurations.
Key Highlights
- 66,260‑square‑foot manufacturing building on approximately 2.21 acres
- 5,500 amps of power with 277/480 Volt, 3‑Phase service
- Fully sprinklered building with a wet system
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
$562,773
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
8.46%
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%
$11,255,460
$11.3M
Cap Rate 7%
$8,039,614
$8.0M
Cap Rate 9%
$6,253,033
$6.3M
Market Conditions
NOI Build-Up for 66,260 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
$874.6K $13.20/SF
− Vacancy
−$70.7K −$1.07/SF
EGI
$804.0K $12.13/SF
− OpEx
−$241.2K −$3.64/SF
NOI
$562.8K $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%
$11,255,460
Cap Rate 7%
$8,039,614
Cap Rate 9%
$6,253,033
Alternative Uses
Best Use
Industrial
$8.04M
$7.03M – $9.38M
NOI $562,773 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.09M
$18.46M – $24.61M
NOI $1,476,506 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
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?
Manufacturing property - Manufacturing facility with substantial electrical capacity, flexible multi-tenant configuration, and limited office space.
Where is this manufacturing property located?
The property is located at 3600 E 45th Ave Denver, CO.
What is the asking price?
The asking price for this property is $6,650,000.
What are key features of this property?
This property features: 66,260‑square‑foot manufacturing building on approximately 2.21 acres; 5,500 amps of power with 277/480 Volt, 3‑Phase service; Fully sprinklered building with a wet system
