Warehouse for
For Sale
$1,750,000
2 Santa Fe Dr, Denver, CO 80223
For-sale warehouse property offering an owner-user setup in a central Denver location.
Property Size10,828 SF
Days on Market62
Property Features for 2 Santa Fe Dr
General Information
Standard status
Active
Size
10,828 SF
Property subtype
Industrial
Building Details
Building Size
10,828 SF
Year Built
1931
Listing Agency:
Unique Properties, Inc
(201) 274-5768
Listed By:
Brett MacDougall · License #FA.100053000
(201) 274-5768
Source:
Uniqueprop
Added: Jun 24
Changed: Aug 24
Last Checked: Aug 24 at 3:56AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This for-sale warehouse property presents an owner-user opportunity for companies looking to align their operating space with their storage and logistics needs. As a warehouse asset, it is well suited for warehousing-focused operations where day-to-day handling, storage, and dispatch are core requirements. The offering is positioned to support an occupier’s control over their real estate costs and operational footprint.
The property is located at 2 Santa Fe Dr in Denver, Colorado 80223. The public remarks describe the location as central, which may be beneficial for organizations that prioritize convenient access within the Denver market.
For prospective owner-users, the asset’s warehouse classification makes it a practical fit for businesses that need dedicated space for inventory storage and movement. For buyers evaluating the property as an operating facility, the key consideration will be confirming how the warehouse configuration supports the specific workflow of the business, including storage layout and throughput requirements. Investors may also review the warehouse for potential income-oriented use, subject to verifying any applicable site and building requirements for their intended operations.
The property is located at 2 Santa Fe Dr in Denver, Colorado 80223. The public remarks describe the location as central, which may be beneficial for organizations that prioritize convenient access within the Denver market.
For prospective owner-users, the asset’s warehouse classification makes it a practical fit for businesses that need dedicated space for inventory storage and movement. For buyers evaluating the property as an operating facility, the key consideration will be confirming how the warehouse configuration supports the specific workflow of the business, including storage layout and throughput requirements. Investors may also review the warehouse for potential income-oriented use, subject to verifying any applicable site and building requirements for their intended operations.
Key Highlights
- Warehouse property with owner‑user setup in a central Denver location
- Built in 1931
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
$111,892
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
6.39%
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%
$2,237,840
$2.2M
Cap Rate 7%
$1,598,457
$1.6M
Cap Rate 9%
$1,243,244
$1.2M
Market Conditions
NOI Build-Up for 10,828 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
$142.9K $13.20/SF
− Vacancy
−$11.3K −$1.04/SF
EGI
$131.6K $12.16/SF
− OpEx
−$19.7K −$1.82/SF
NOI
$111.9K $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%
$2,237,840
Cap Rate 7%
$1,598,457
Cap Rate 9%
$1,243,244
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,892 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,286 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Balanced
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
- 12 Broadway Self Storage — 12 Broadway, Denver, CO 80203, United States
- JackOram Storage Facility — 268 S Broadway, Denver, CO 80209
- Move 4 Less - Denver Movers — 1030 W Ellsworth Ave E, Denver, CO 80223
- Near2Me Self Storage Units — 12 broadway, denver, co 80203
- A Perfect Delivery — 1472 W Maple Ave A, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property offering an owner-user setup in a central Denver location.
Where is this warehouse located?
The property is located at 2 Santa Fe Dr Denver, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Warehouse property with owner‑user setup in a central Denver location; Built in 1931
