Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15003 Grant St Thornton, CO 80023

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property available for sale.

    Type:Industrial
    Added:
    Apr 12, 2023
    Days on Market:
    1110
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 15003 Grant St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Michael Harpole

    Listing agent Michael Harpole License #FA100082213

    Listing office CBRE - Denver Downtown

    Listing date Apr 12, 2023

    Source Crexi

    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 CBRE - Denver Downtown

    Overview

    Commercial Property for Sale

    This commercial property is available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Spa & Massage Center Auto Parts Store Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -105.015
    Latitude
    39.9619

    Nearby Similar for Sale

    • $849,000
      10,400 SF

      East Lake Warehouse Opportunity

      Two buildings on a single lot with live/work potential.
      2201 Lake Ave, Thornton, CO
      View Details
    • $5,989,925
      10,640 SF

      Thornton Retail NNN Lease Opportunity

      Single tenant NNN lease in a high-traffic location.
      91 E 136th Ave, Thornton, CO 80023
      View Details
    • $1,730,000

      Renovated Office Building with Parking

      Well-maintained office building near I-25 with updated common areas.
      9101 Pearl Street, Thornton, CO 80229
      View Details
    • $3,990,000
      13,500 SF

      Class A Office/Warehouse Building

      Stand-alone Class A office building with integrated warehouse for sale.
      12405 Grant St, Thornton, CO 80241
      View Details
    • $4,500,000
      16,751 SF

      Retail/Flex Single Tenant Building High I-25 Visibility

      Versatile building in Enterprise Zone with high visibility and opportunities.
      8651 Grant St, Thornton, CO 80229
      View Details
    • $19,750,000
      144,425 SF

      Thornton Manufacturing Facility For Sale

      144,425 SF high-tech manufacturing facility 100% leased.
      12300 Grant Street, Thornton, CO 80241
      View Details
    • $5,150,000
      7,693 SF

      Leased Auto Wash Investment

      100% leased auto wash in North Denver submarket.
      16255 Washington St, Thornton, CO 80023
      View Details
    • $3,350,000
      16,751 SF

      Thornton Industrial Space For Sale

      16,751 SF industrial space on 1.06-acre parcel.
      8651 Grant St, Thornton, CO 80229
      View Details
    • $2,600,000
      1,275 SF

      Gas Station, C-Store, Car Wash

      Gas station, convenience store, and car wash for sale.
      9201 Huron Street, Thornton, CO 80260
      View Details
    • $298,000
      1,206 SF

      Comfortable Condo with Community Amenities

      Charming 2-bedroom condo with convenient access to community amenities.
      3601 E 103rd Circle B11, Thornton, CO 80229
      View Details
    • $4,731,000
      10,956 SF

      Retail Strip Center in Thornton

      Fully occupied retail strip center in Thornton, Colorado.
      9645 Washington St, Thornton, CO 80229
      View Details
    • $3,245,686
      10,958 SF

      Medical Office Condominium For Sale

      10,958 SF medical office condominium, 100% occupied.
      10001 Washington St, Thornton, CO 80229
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for sale.
    Where is this specialty property located?
    The property is located at 15003 Grant St Thornton, CO.
    What are key features of this property?
    This property features: No property information was provided to extract selling points.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Harpole
    Real Estate License ID: FA100082213
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!