Dove Valley Storage
For Sale
$266,000
Pending
14200 E Otero Ave J27 & J28, Englewood, CO 80112
Two combined storage units near Centennial Airport and Broncos Training Facility.
Property Size600 SF
Days on Market153
Property Features for 14200 E Otero Ave J27 & J28
General Information
Standard status
Pending
Size
600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,790
Building Details
Building Size
600 SF
Year Built
2016
Stories
1
Units
2
Listing Agency:
RE/MAX Professionals
(303) 601-9095
Listed By:
John Ramirez · License #FA40022179
(303) 601-9095
Source:
Elliman
Added: Apr 1
Changed: Aug 8
Last Checked: Jul 23 at 9:57AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
Available for purchase are two combined condominium units, J27 and J28, located within Dove Valley Storage. These units form one large corner unit, offering approximately 1,200 square feet with interior dimensions of approximately 50 feet by 23 feet. The 13-foot ceilings provide substantial vertical storage capacity. The unit is equipped with a tall overhead garage door featuring a link-driven LiftMaster opener, as well as a separate service door for convenient access. Two heating units and a large ceiling fan ensure year-round functionality. Electricity is individually metered, with billing based on usage. Dove Valley Storage provides a gated entry, two community bathrooms, potable water located outside Unit J27, and guest parking. HOA dues are $1,500 monthly ($750 per unit) and cover trash, landscaping, maintenance and upkeep of common areas and facilities, and community management, excluding individual unit repairs. The 2023 property taxes were $3,734 for Unit J27 and $3,790 for Unit J28. This property presents an opportunity for storage, business use, contractor space, or personal warehouse purposes. The location is near Centennial Airport and the Broncos Training Facility.
Key Highlights
- Large 1,200 sq ft corner unit with 13‑foot ceilings, ideal for storage or business use
- Excellent location near Centennial Airport and the Broncos Training Facility
- Tall overhead garage door with LiftMaster opener and separate service door for easy access
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
$9,007
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
3.39%
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%
$180,140
$180.1K
Cap Rate 7%
$128,671
$128.7K
Cap Rate 9%
$100,078
$100.1K
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
−$3.9K −$3.22/SF
NOI
$9.0K $7.51/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /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%
$180,140
Cap Rate 7%
$128,671
Cap Rate 9%
$100,078
Alternative Uses
Best Use
Self Storage
$128.7K
$112.6K – $150.1K
NOI $9,007 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$128.7K
$112.6K – $150.1K
NOI $9,007 @ 7.0% cap · market cap 3.39%
Theoretical Best
Multifamily LT 5
$17.82M
$15.59M – $20.79M
NOI $1,247,132 @ 7.0% cap · market cap 468.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
227
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 - Two combined storage units near Centennial Airport and Broncos Training Facility.
Where is this self storage facility located?
The property is located at 14200 E Otero Ave J27 & J28 Englewood, CO.
What is the asking price?
The asking price for this property is $266,000.
What are key features of this property?
This property features: Large 1,200 sq ft corner unit with 13‑foot ceilings, ideal for storage or business use; Excellent location near Centennial Airport and the Broncos Training Facility; Tall overhead garage door with LiftMaster opener and separate service door for easy access
