Lakewood Fenced Outdoor Storage
For Sale
Contact for pricing
1370 Simms Street, Lakewood, CO 80401
Outdoor storage facility in high-demand Denver West submarket.
Property Size12,710 SF
Price / SF$224.23
Days on Market726
Property Features for 1370 Simms Street
General Information
Standard status
Active
Size
12,710 SF
Property subtype
Industrial, Self Storage
Zoning
LI-RD (Lakewood)
Listing Agency:
Cushman & Wakefield - Denver, Colorado
(303) 813-6427
Listed By:
Drew McManus · License #FA.100016531
Source:
Crexi
Added: Aug 30, 2024
Changed: Aug 12
Last Checked: Aug 24 at 6:13PM
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 Cushman & Wakefield - Denver, Colorado
Investment Insights
Based on property information with market context.
Located in Denver’s high-demand West submarket, this property at 1370 Simms offers fenced and gated outdoor storage, suitable for IOS users or redevelopment. The property provides access to I-70, I-25, and Highway 6 and is available for immediate occupancy. The property features 9 grade-level doors. The property size is 12710 square feet.
Key Highlights
- Highly sought‑after fenced and gated outdoor storage.
- Excellent access to I‑70, I‑25, and Highway 6.
- Located in Denver’s high‑demand West submarket.
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
$128,384
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
4.50%
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%
$2,567,680
$2.6M
Cap Rate 7%
$1,834,057
$1.8M
Cap Rate 9%
$1,426,489
$1.4M
Market Conditions
NOI Build-Up for 12,710 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
$198.3K $15.60/SF
− Vacancy
−$14.9K −$1.17/SF
EGI
$183.4K $14.43/SF
− OpEx
−$55.0K −$4.33/SF
NOI
$128.4K $10.10/SF
Area
Lakewood, CO
Vacancy
7.50%
Lease Rate
$15.60 /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%
$2,567,680
Cap Rate 7%
$1,834,057
Cap Rate 9%
$1,426,489
Alternative Uses
Best Use
Self Storage
$1.83M
$1.60M – $2.14M
NOI $128,384 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,591 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,483 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Outdoor storage facility in high-demand Denver West submarket.
Where is this self storage facility located?
The property is located at 1370 Simms Street Lakewood, CO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Highly sought‑after fenced and gated outdoor storage.; Excellent access to I‑70, I‑25, and Highway 6.; Located in Denver’s high‑demand West submarket.
