Two-Story Flex Space
For Sale
Contact for pricing
191 Yuma St, Denver, CO 80223
Two-story flex space building on a sizable land parcel, previously used as a veterinarian clinic.
Property Size20,167 SF
Lot Size1.06 Acres
Price / SF$250
Days on Market130
Property Features for 191 Yuma St
General Information
Standard status
Active
Size
20,167 SF
Lot size
1.06 Acres
Property subtype
INDUSTRIAL
Building Details
Buildings
1
Stories
2
Building Size
20,167 SF
Listing Agency:
Transwestern | Denver
(303) 639-3000
Listed By:
Karen Clarke
(720) 891-6000
Source:
Moodyscre
Added: May 11
Changed: Sep 11
Last Checked: Sep 16 at 5:23PM
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 Transwestern | Denver
Investment Insights
Based on property information with market context.
191 Yuma St is a two-story flex space building totaling 20,167 SF, situated on 46,228 SF of land. The property was previously used as a veterinarian clinic, and the existing layout supports a range of possible uses.
The first floor can convert to flex/lab space with minimal effort, which may appeal to tenants looking for adaptable space without extensive reconfiguration. The ownership group has maintained the property.
With a two-level structure and an interior that has already been configured for a clinic environment, the building offers flexibility for buyers or tenants seeking a functional space that can be reworked for flex or lab-oriented needs.
The first floor can convert to flex/lab space with minimal effort, which may appeal to tenants looking for adaptable space without extensive reconfiguration. The ownership group has maintained the property.
With a two-level structure and an interior that has already been configured for a clinic environment, the building offers flexibility for buyers or tenants seeking a functional space that can be reworked for flex or lab-oriented needs.
Key Highlights
- 20,167 SF two‑story flex space building
- 46,228 SF land parcel
- Previously used as a veterinarian clinic
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
$188,134
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
3.73%
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%
$3,762,680
$3.8M
Cap Rate 7%
$2,687,629
$2.7M
Cap Rate 9%
$2,090,378
$2.1M
Market Conditions
NOI Build-Up for 20,167 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
$314.6K $15.60/SF
− Vacancy
−$25.2K −$1.25/SF
EGI
$289.4K $14.35/SF
− OpEx
−$101.3K −$5.02/SF
NOI
$188.1K $9.33/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$3,762,680
Cap Rate 7%
$2,687,629
Cap Rate 9%
$2,090,378
Alternative Uses
Best Use
Flex RnD
$2.69M
$2.35M – $3.14M
NOI $188,134 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$2.45M
$2.14M – $2.85M
NOI $171,287 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$6.42M
$5.62M – $7.49M
NOI $449,392 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Three Tomatoes Catering — 255 Yuma St, Denver, CO 80223
- Magic Bar Coffee — 1155 W 5th Ave, Denver, CO 80204
- Caiden Razo Catering — 665 Kalamath St, Denver, CO 80204
- Baba & Co — 707 Federal Blvd, Denver, CO 80204
- The Taquero — 810 Vallejo St, Denver, CO 80204, United States
Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex space building on a sizable land parcel, previously used as a veterinarian clinic.
Where is this flex space located?
The property is located at 191 Yuma St Denver, CO.
What is the asking price?
The asking price for this property is $5,041,750.
What are key features of this property?
This property features: 20,167 SF two‑story flex space building; 46,228 SF land parcel; Previously used as a veterinarian clinic
