Warehouse with Secured
For Sale
Contact for pricing
1920 S Cherokee St, Denver, CO 80223
Warehouse includes heavy power service, LED lighting, and a secured yard area.
Property Size5,422 SF
Price / SF$180
Days on Market256
Property Features for 1920 S Cherokee St
General Information
Standard status
Active
Size
5,422 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers - Denver
(303) 745-5800
Listed By:
Nicholas Nasharr
(303) 283-4563
Source:
Moodyscre
Added: Jan 5
Changed: Sep 16
Last Checked: Sep 16 at 4:06PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
This warehouse is offered for sale and includes heavy power, LED lights, and a secured yard area. The interior has undergone major renovations, supporting a more modern, functional warehouse environment.
The property is located on S. Broadway in Denver, CO 80223. Additional remarks note heavy power and an on-site secured yard area, which can be useful for controlled storage and operations.
Seller-provided highlights include LED lighting throughout and recent major interior renovations, alongside the secured yard and heavy power capacity.
The property is located on S. Broadway in Denver, CO 80223. Additional remarks note heavy power and an on-site secured yard area, which can be useful for controlled storage and operations.
Seller-provided highlights include LED lighting throughout and recent major interior renovations, alongside the secured yard and heavy power capacity.
Key Highlights
- Warehouse with heavy power service
- LED lighting in the warehouse
- Secured yard area on‑site
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
$56,029
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
5.74%
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%
$1,120,580
$1.1M
Cap Rate 7%
$800,414
$800.4K
Cap Rate 9%
$622,544
$622.5K
Market Conditions
NOI Build-Up for 5,422 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
$71.6K $13.20/SF
− Vacancy
−$5.7K −$1.04/SF
EGI
$65.9K $12.16/SF
− OpEx
−$9.9K −$1.82/SF
NOI
$56.0K $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%
$1,120,580
Cap Rate 7%
$800,414
Cap Rate 9%
$622,544
Alternative Uses
Best Use
Warehouse
$800.4K
$700.4K – $933.8K
NOI $56,029 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,821 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,413
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes heavy power service, LED lighting, and a secured yard area.
Where is this warehouse located?
The property is located at 1920 S Cherokee St Denver, CO.
What is the asking price?
The asking price for this property is $975,960.
What are key features of this property?
This property features: Warehouse with heavy power service; LED lighting in the warehouse; Secured yard area on‑site
