Storage Unit with Man
For Sale
$275,000
14200 E Otero Avenue #I13 & I14, Englewood, CO 80112
Own a 1,200 sq. ft. storage unit featuring tall ceilings, heaters, and a convenient man door.
Property Size1,200 SF
Price / SF$229.17
Days on Market57
Property Features for 14200 E Otero Avenue #I13 & I14
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,640
Amenities
Heated Garage
Metal Roof
RV Garage
Concrete Driveway
Exterior Access Door
Lighted
Oversized
Building Details
Year Built
2016
Listing Agency:
TRACEY LYNN REALTY
(720) 434-4677
Listed By:
TRACEY POWELL · License #100079060
Source:
Corcoran
Added: Jun 16
Changed: Aug 11
Last Checked: Aug 11 at 8:38AM
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 TRACEY LYNN REALTY
Investment Insights
Based on property information with market context.
This for-sale storage unit combines units I13 and I14 into a single 24' x 50' space, totaling 1,200 square feet. The unit is configured with towering ceilings and includes two heaters for interior climate support. A convenient man door provides practical access for everyday use without relying on a larger loading opening.
The property is part of the Dove Valley Outdoor Storage Condominium and is located at 14200 E Otero Avenue in Englewood, Colorado. The public remarks note proximity to Centennial Airport and the Broncos Training Center, which may be relevant for businesses or individuals looking for storage near major destinations.
This space can fit tenants and buyers who need a larger, consolidated storage footprint with interior heating and straightforward entry through the man door. With the combined configuration, it may be well-suited for storing inventory, equipment, or other bulky items that benefit from higher clearances and dedicated temperature assistance.
The property is part of the Dove Valley Outdoor Storage Condominium and is located at 14200 E Otero Avenue in Englewood, Colorado. The public remarks note proximity to Centennial Airport and the Broncos Training Center, which may be relevant for businesses or individuals looking for storage near major destinations.
This space can fit tenants and buyers who need a larger, consolidated storage footprint with interior heating and straightforward entry through the man door. With the combined configuration, it may be well-suited for storing inventory, equipment, or other bulky items that benefit from higher clearances and dedicated temperature assistance.
Key Highlights
- 1,200 sq. ft. storage unit at Dove Valley Outdoor Storage Condominium (14200 E Otero Ave, Englewood)
- 24' x 50' unit with towering ceilings
- Includes 2 heaters
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
$10,938
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
3.98%
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%
$218,760
$218.8K
Cap Rate 7%
$156,257
$156.3K
Cap Rate 9%
$121,533
$121.5K
Market Conditions
NOI Build-Up for 1,200 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
$13.9K $11.58/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$12.9K $10.72/SF
− OpEx
−$1.9K −$1.61/SF
NOI
$10.9K $9.11/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /SF/Yr
Expense Ratio
15.00%
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%
$218,760
Cap Rate 7%
$156,257
Cap Rate 9%
$121,533
Alternative Uses
Best Use
Warehouse
$156.3K
$136.7K – $182.3K
NOI $10,938 @ 7.0% cap · market cap 3.98%
Second Best
Self Storage
$128.7K
$112.6K – $150.1K
NOI $9,007 @ 7.0% cap · market cap 3.28%
Theoretical Best
Multifamily LT 5
$17.82M
$15.59M – $20.79M
NOI $1,247,132 @ 7.0% cap · market cap 453.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
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 - Own a 1,200 sq. ft. storage unit featuring tall ceilings, heaters, and a convenient man door.
Where is this self storage facility located?
The property is located at 14200 E Otero Avenue #I13 & I14 Englewood, CO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,200 sq. ft. storage unit at Dove Valley Outdoor Storage Condominium (14200 E Otero Ave, Englewood); 24' x 50' unit with towering ceilings; Includes 2 heaters
