Flex Space With Office
For Sale
$850,000
2111 S Jason Street, Denver, CO 80223
Industrial building with office and warehouse areas in an I-A zoning district.
Property Size4,000 SF
Days on Market9
Property Features for 2111 S Jason Street
General Information
Standard status
Active
Size
4,000 SF
Class
C
Total Parking Spaces
1
Property subtype
Commercial
Zoning
I-A
Taxes and HOA fees
Annual Taxes
$9,025
Building Details
Building Size
4,000 SF
Year Built
1973
Buildings
1
Units
2
Listing Agency:
PMI Cedarboldt
(720) 647-4027
Listed By:
Elmo Morales
(720) 647-4027
Source:
Coloradopartners
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 12:17PM
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 PMI Cedarboldt
Investment Insights
Based on property information with market context.
This 1973 flex-space property combines industrial and warehouse functions with a substantial office component. Office space accounts for approximately 40% of the building overall, creating a mixed configuration suited to users requiring both administrative and operational areas.
The property includes two identified units with different office allocations. Unit A is approximately 50% office, while Unit B is approximately 15% office. The building is located at 2111 S Jason Street in Denver, Colorado, and carries I-A zoning. The sale is offered in as-is, all-or-none condition.
The property includes two identified units with different office allocations. Unit A is approximately 50% office, while Unit B is approximately 15% office. The building is located at 2111 S Jason Street in Denver, Colorado, and carries I-A zoning. The sale is offered in as-is, all-or-none condition.
Key Highlights
- 1973 flex‑space building with industrial and warehouse areas
- Office space comprises approximately 40% of the total building
- Unit A is approximately 50% office
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
$58,608
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
6.90%
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%
$1,172,160
$1.2M
Cap Rate 7%
$837,257
$837.3K
Cap Rate 9%
$651,200
$651.2K
Market Conditions
NOI Build-Up for 4,000 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
$105.6K $26.40/SF
− Vacancy
−$27.5K −$6.86/SF
EGI
$78.1K $19.54/SF
− OpEx
−$19.5K −$4.88/SF
NOI
$58.6K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,172,160
Cap Rate 7%
$837,257
Cap Rate 9%
$651,200
Alternative Uses
Best Use
Office B
$837.3K
$732.6K – $976.8K
NOI $58,608 @ 7.0% cap · market cap 6.90%
Second Best
Warehouse
$590.5K
$516.7K – $688.9K
NOI $41,334 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,134 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
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 Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sapori D'Italia — 2065 S Cherokee St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with office and warehouse areas in an I-A zoning district.
Where is this flex space located?
The property is located at 2111 S Jason Street Denver, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1973 flex‑space building with industrial and warehouse areas; Office space comprises approximately 40% of the total building; Unit A is approximately 50% office
