Temperature Controlled
For Sale
Contact for pricing
153 Vallejo St, Denver, CO 80223
Temperature controlled warehouse with quick I-25 access and a new roof installed in 2024.
Property Size14,930 SF
Price / SF$120.56
Days on Market456
Property Features for 153 Vallejo St
General Information
Standard status
Active
Size
14,930 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Northpeak Commercial Advisors
(303) 917-5232
Listed By:
Drew Williams · License #CO EA040004145
Source:
Moodyscre
Added: May 20, 2025
Changed: Aug 14
Last Checked: Aug 17 at 8:16AM
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.
Temperature controlled warehouse at 153 Vallejo St, Denver, CO 80223 with approximately 14,930 SF. The property is set up to support continued operations, and it includes space to add a second drive-in door to expand vehicle access.
Conveniently located for distribution and logistics, the site provides quick access to I-25, which can help streamline regional travel for deliveries and service.
Recent improvements include a new roof installed in 2024, supporting the building’s ongoing reliability for a temperature-controlled warehouse environment.
Conveniently located for distribution and logistics, the site provides quick access to I-25, which can help streamline regional travel for deliveries and service.
Recent improvements include a new roof installed in 2024, supporting the building’s ongoing reliability for a temperature-controlled warehouse environment.
Key Highlights
- Temperature controlled warehouse setting approx. 14,930 SF
- Space to add a second drive‑in door
- Quick access to I‑25
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
8.57%
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 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,693 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,173
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mobile Mini — Denver, CO 80219
- Aaron Storage Facility — 2590 W 2nd Ave, Denver, CO 80219
- Move 4 Less - Denver Movers — 1030 W Ellsworth Ave E, Denver, CO 80223
- Last Minute Moving — 243 S Eliot St Unit 1, Denver, CO 80219
- A Perfect Delivery — 1472 W Maple Ave A, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Warehouse - Temperature controlled warehouse with quick I-25 access and a new roof installed in 2024.
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 $1,800,000.
What are key features of this property?
This property features: Temperature controlled warehouse setting approx. 14,930 SF; Space to add a second drive‑in door; Quick access to I‑25
