Manufacturing Facility With Heavy
For Sale
Contact for pricing
2151 W 56th Ave, Denver, CO 80221
Remodeled manufacturing facility with heavy power, oversized gas and water service, floor drains, and major 2017 system updates.
Property Size23,737 SF
Price / SF$203.27
Days on Market314
Property Features for 2151 W 56th Ave
General Information
Standard status
Active
Size
23,737 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Renovated
2017
Listing Agency:
Newmark | Denver
(303) 892-1111
Listed By:
Mike Wafer, SIOR
(303) 523-2560
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Sep 10
Last Checked: Sep 14 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 Newmark | Denver
Investment Insights
Based on property information with market context.
This manufacturing facility includes heavy power and infrastructure suited to industrial operations, with oversized gas and water service plus floor drains. The building was completely remodeled in 2017, including a new roof, parking lot improvements, and updated electrical service, plumbing, and HVAC. The property size is 23,737 SF, offering a dedicated footprint for manufacturing and related industrial uses.
The facility is positioned with convenient access to I-76, I-70, and I-25, supporting both regional connectivity and day-to-day logistics. The address is 2151 W 56th Ave, CO 80221.
The facility is positioned with convenient access to I-76, I-70, and I-25, supporting both regional connectivity and day-to-day logistics. The address is 2151 W 56th Ave, CO 80221.
Key Highlights
- Heavy power with oversized gas and water service
- Floor drains included
- Completely remodeled in 2017 with new roof
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
$201,608
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
4.18%
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%
$4,032,160
$4.0M
Cap Rate 7%
$2,880,114
$2.9M
Cap Rate 9%
$2,240,089
$2.2M
Market Conditions
NOI Build-Up for 23,737 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
$313.3K $13.20/SF
− Vacancy
−$25.3K −$1.07/SF
EGI
$288.0K $12.13/SF
− OpEx
−$86.4K −$3.64/SF
NOI
$201.6K $8.49/SF
Area
Denver, CO
Vacancy
8.08%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$4,032,160
Cap Rate 7%
$2,880,114
Cap Rate 9%
$2,240,089
Alternative Uses
Best Use
Industrial
$2.88M
$2.52M – $3.36M
NOI $201,608 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.56M
$6.61M – $8.82M
NOI $528,944 @ 7.0% cap · market cap 10.96%
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
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Remodeled manufacturing facility with heavy power, oversized gas and water service, floor drains, and major 2017 system updates.
Where is this manufacturing property located?
The property is located at 2151 W 56th Ave Denver, CO.
What is the asking price?
The asking price for this property is $4,825,000.
What are key features of this property?
This property features: Heavy power with oversized gas and water service; Floor drains included; Completely remodeled in 2017 with new roof
