Industrial Building in South
For Sale
Contact for pricing
1830 S Bannock St, Denver, CO 80223
19,700 SF industrial building with warehouse and office space.
Property Size19,700 SF
Lot Size0.36 Acres
Price / SF$182.74
Days on Market802
Property Features for 1830 S Bannock St
General Information
Standard status
Active
Size
19,700 SF
Lot size
0.36 Acres
Property subtype
Industrial
Zoning
I-A
Listing Agency:
VanWest Partners
(303) 842-1869
Listed By:
Forrest Bassett · License #CO 100042874
Source:
Crexi
Added: Jun 19, 2024
Changed: Aug 28
Last Checked: Aug 28 at 5:50PM
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 VanWest Partners
Investment Insights
Based on property information with market context.
This 19,700 square foot industrial building is located in Denver's South Broadway Corridor, known as "SoBo", an area with eateries, vintage shops, art galleries, and live music venues. The property includes 12,365 square feet of warehouse/manufacturing space and 7,335 square feet of office space on the second floor. The second-floor office space can be delivered vacant or leased month-to-month by the current tenant. The property features a 7,750 square foot secure fenced parking lot/yard with 19 parking spaces, plus an additional 17 spaces in front of the building, totaling 36 parking spaces. It has one drive-in and one dock-high door, and 3,200 Amps of power. The property is within walking distance of the Evans Light Rail Station. The property is suitable for redevelopment and owner-users, with the ability to rezone for higher density/redevelopment to C-MX5 or C-MX8. The current owner occupies the second-floor office and is flexible with vacating the space. The warehouse space will be vacant upon closing. The location on South Bannock offers access to major transportation routes and proximity to restaurants and bars.
Key Highlights
- 19,700 SF Industrial Building in Denver's vibrant South Broadway Corridor (SoBo).
- 7,750 SF Secure Fenced Parking Lot/Yard with 36 total parking spaces.
- Walking distance to Evans Light Rail Station and SoBo's amenities.
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
$277,475
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
7.71%
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%
$5,549,500
$5.5M
Cap Rate 7%
$3,963,929
$4.0M
Cap Rate 9%
$3,083,056
$3.1M
Market Conditions
NOI Build-Up for 19,700 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
$472.8K $24.00/SF
− Vacancy
−$28.8K −$1.46/SF
EGI
$444.0K $22.54/SF
− OpEx
−$166.5K −$8.45/SF
NOI
$277.5K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$5,549,500
Cap Rate 7%
$3,963,929
Cap Rate 9%
$3,083,056
Alternative Uses
Best Use
Mixed Use
$3.96M
$3.47M – $4.62M
NOI $277,475 @ 7.0% cap · market cap 7.71%
Second Best
Warehouse
$2.91M
$2.54M – $3.39M
NOI $203,572 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$6.27M
$5.49M – $7.32M
NOI $438,985 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,563
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 19,700 SF industrial building with warehouse and office space.
Where is this mixed-use property located?
The property is located at 1830 S Bannock St Denver, CO.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 19,700 SF Industrial Building in Denver's vibrant South Broadway Corridor (SoBo).; 7,750 SF Secure Fenced Parking Lot/Yard with 36 total parking spaces.; Walking distance to Evans Light Rail Station and SoBo's amenities.
