Upgraded Warehouse with Fenced
For Sale
Contact for pricing
150 Rio Grande Blvd, Denver, CO 80223
Industrial building with secure loading, parking, and upgraded building systems.
Property Size18,763 SF
Price / SF$170.12
Days on Market13
Property Features for 150 Rio Grande Blvd
General Information
Standard status
Active
Size
18,763 SF
Property subtype
INDUSTRIAL
Listing Agency:
SVN | Denver Commercial
(970) 207-0700
Listed By:
Peter O'Bryan · License ##FA100098951
(301) 801-4537
Source:
Moodyscre
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 26 at 1:08PM
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 SVN | Denver Commercial
Investment Insights
Based on property information with market context.
This 18,763-square-foot warehouse includes a fenced yard, secure loading, and parking. The building offers 16-foot clear height and has received several functional upgrades, including a new roof backed by a 20-year transferable warranty, LED lighting, upgraded HVAC, and upgraded electrical service with heavy 3-phase power.
The property is located at 150 Rio Grande Blvd in Denver, with access to Downtown and the broader metro region via I-25 and 6th Ave. Its combination of warehouse space, secured exterior area, loading capability, and enhanced building systems supports a range of industrial operations.
The property is located at 150 Rio Grande Blvd in Denver, with access to Downtown and the broader metro region via I-25 and 6th Ave. Its combination of warehouse space, secured exterior area, loading capability, and enhanced building systems supports a range of industrial operations.
Key Highlights
- 18,763 square feet of warehouse space
- 16' clear height
- New roof with 20‑year transferable warranty
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
$193,890
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
6.07%
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%
$3,877,800
$3.9M
Cap Rate 7%
$2,769,857
$2.8M
Cap Rate 9%
$2,154,333
$2.2M
Market Conditions
NOI Build-Up for 18,763 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
$247.7K $13.20/SF
− Vacancy
−$19.6K −$1.04/SF
EGI
$228.1K $12.16/SF
− OpEx
−$34.2K −$1.82/SF
NOI
$193.9K $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 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%
$3,877,800
Cap Rate 7%
$2,769,857
Cap Rate 9%
$2,154,333
Alternative Uses
Best Use
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,890 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M
NOI $418,106 @ 7.0% cap · market cap 13.10%
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
1,383
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with secure loading, parking, and upgraded building systems.
Where is this warehouse located?
The property is located at 150 Rio Grande Blvd Denver, CO.
What is the asking price?
The asking price for this property is $3,192,000.
What are key features of this property?
This property features: 18,763 square feet of warehouse space; 16' clear height; New roof with 20‑year transferable warranty
