NNN Industrial
For Sale
$5,660,000
6225 E 38th Ave, Denver, CO 80207
NNN lease structure and a tenant reported in place for more than 30 years define this Denver industrial property.
Property Size48,484 SF
Days on Market112
Property Features for 6225 E 38th Ave
General Information
Standard status
Active
Size
48,484 SF
Property subtype
Commercial
Lease Term
± 5 Years
Additional Details
Cap Rate
6.38%
Building Details
Building Size
48,484 SF
Year Built
1972
Listing Agency:
Matthews Real Estate Investment Services | Denver
Listed By:
Spencer Mason · License #FA.100082695 (CO)
(303) 418-8668
Source:
Matthews
Added: Jun 17
Changed: Sep 7
Last Checked: Oct 5 at 3:05PM
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 Matthews Real Estate Investment Services | Denver
Investment Insights
Based on property information with market context.
This Denver industrial property was built in 1972 and is identified with I-MX-3 zoning. The offering carries an NNN lease structure, with a tenant reported in place for more than 30 years.
The property is located at 6225 East 38th Avenue in Denver, Colorado. The stated property size is 48,484, and the reported cap rate is 6.38%.
The property is located at 6225 East 38th Avenue in Denver, Colorado. The stated property size is 48,484, and the reported cap rate is 6.38%.
Key Highlights
- NNN lease structure
- Tenant reported in place for more than 30 years
- 48,484 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$501,015
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,020,300
$10.0M
Cap Rate 7%
$7,157,357
$7.2M
Cap Rate 9%
$5,566,833
$5.6M
Market Conditions
NOI Build-Up for 48,484 SF
Gross rent
$640.0K $13.20/SF
− Vacancy
−$50.6K −$1.04/SF
EGI
$589.4K $12.16/SF
− OpEx
−$88.4K −$1.82/SF
NOI
$501.0K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,020,300
Cap Rate 7%
$7,157,357
Cap Rate 9%
$5,566,833
Alternative Uses
Best Use
Warehouse
$7.16M
$6.26M – $8.35M
NOI $501,015 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.43M
$13.50M – $18.01M
NOI $1,080,394 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
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 Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN lease structure and a tenant reported in place for more than 30 years define this Denver industrial property.
Where is this nnn property located?
The property is located at 6225 E 38th Ave Denver, CO.
What is the asking price?
The asking price for this property is $5,660,000.
What are key features of this property?
This property features: NNN lease structure; Tenant reported in place for more than 30 years; 48,484 property size
