Denver Warehouse with Fenced
For Sale
$1,999,000
153 Vallejo St, Denver, CO 80223
14,930 SF warehouse with 6,500 SF fenced lot.
Property Size14,930 SF
Lot Size0.53 Acres
Days on Market269
Property Features for 153 Vallejo St
General Information
Standard status
Active
Size
14,930 SF
Lot size
0.53 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$38,598
Building Details
Building Size
14,930 SF
Year Built
1955
Units
2
Listing Agency:
Northpeak Commercial Advisors
(303) 210-1623
Listed By:
Matthew Lewallen
(303) 210-1623
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 15
Last Checked: Aug 22 at 7:11AM
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 Northpeak Commercial Advisors
Investment Insights
Based on property information with market context.
Located in Denver, the property at 153 Vallejo St features a 14,930 SF warehouse and a 6,500 SF fenced lot. The building is currently divided into two spaces, which can be maintained or opened to increase warehouse size. It is suited for an owner-user looking to occupy the building in full or rent out part of it to another tenant. The property may also be suitable for a value-add investor with a tenant, seeking a building with upgraded power, a new roof, and access to I-25 and 6th Avenue. Potential owner financing with $600,000 down, or an assumption of the first mortgage with a remaining balance of ~$490,000 are both available.
Key Highlights
- 14,930 SF warehouse with a 6,500 SF fenced lot.
- Potential owner financing available or mortgage assumption.
- Upgraded power and new roof.**
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
$154,281
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
7.72%
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%
$3,085,620
$3.1M
Cap Rate 7%
$2,204,014
$2.2M
Cap Rate 9%
$1,714,233
$1.7M
Market Conditions
NOI Build-Up for 14,930 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
$197.1K $13.20/SF
− Vacancy
−$15.6K −$1.04/SF
EGI
$181.5K $12.16/SF
− OpEx
−$27.2K −$1.82/SF
NOI
$154.3K $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%
$3,085,620
Cap Rate 7%
$2,204,014
Cap Rate 9%
$1,714,233
Alternative Uses
Best Use
Warehouse
$2.20M
$1.93M – $2.57M
NOI $154,281 @ 7.0% cap · market cap 7.72%
Second Best
Industrial
$1.81M
$1.59M – $2.11M
NOI $126,807 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,693 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
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
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 14,930 SF warehouse with 6,500 SF fenced lot.
Where is this warehouse located?
The property is located at 153 Vallejo St Denver, CO.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 14,930 SF warehouse with a 6,500 SF fenced lot.; Potential owner financing available or mortgage assumption.; Upgraded power and new roof.**
