Two-Building Opportunity in
For Sale
$850,000
2162 S Jason Street, Denver, CO 80223
Two vacant buildings ideal for owner-user or investment.
Property Size5,670 SF
Lot Size0.48 Acres
Price / SF$149.91
Days on Market153
Property Features for 2162 S Jason Street
General Information
Standard status
Active
Size
5,670 SF
Lot size
0.48 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,170
Amenities
Level
Building Details
Year Built
1967
Listing Agency:
RE/MAX OF CHERRY CREEK
(303) 320-1556
Listed By:
LEO ROWEN · License #40026894
Source:
Corcoran
Added: Mar 13
Changed: Aug 12
Last Checked: Aug 12 at 6:18AM
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 RE/MAX OF CHERRY CREEK
Investment Insights
Based on property information with market context.
This sale presents a rare opportunity to acquire two buildings located in an improving area. The properties, situated at 2162 and 2172 S Jason, include a building with approximately 3,600 square feet and another with around 2,070 square feet. Both buildings were previously occupied by an owner-user, and are now vacant and ready for occupancy. This setup is ideal for an owner-user looking to operate their business from one building and lease out the other, or to utilize both buildings for a small business. Ample parking is available in front of and along the sides of the buildings. Each building includes one bay door. The location offers convenient access to Santa Fe Drive, I-15, and various trails. The property is suitable for flex space, industrial, warehouse, retail, and office use.
Key Highlights
- Two buildings included in the sale (2162 & 2172 S Jason).
- Total square footage approximately 5,670 sq ft (3,600 + 2,070).
- Vacant and ready for immediate occupancy.
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
$58,592
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
6.89%
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%
$1,171,840
$1.2M
Cap Rate 7%
$837,029
$837.0K
Cap Rate 9%
$651,022
$651.0K
Market Conditions
NOI Build-Up for 5,670 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
$74.8K $13.20/SF
− Vacancy
−$5.9K −$1.04/SF
EGI
$68.9K $12.16/SF
− OpEx
−$10.3K −$1.82/SF
NOI
$58.6K $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%
$1,171,840
Cap Rate 7%
$837,029
Cap Rate 9%
$651,022
Alternative Uses
Best Use
Warehouse
$837.0K
$732.4K – $976.5K
NOI $58,592 @ 7.0% cap · market cap 6.89%
Second Best
Flex RnD
$755.6K
$661.2K – $881.6K
NOI $52,894 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,348 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 Industrial 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 - Two vacant buildings ideal for owner-user or investment.
Where is this flex space located?
The property is located at 2162 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: Two buildings included in the sale (2162 & 2172 S Jason).; Total square footage approximately 5,670 sq ft (3,600 + 2,070).; Vacant and ready for immediate occupancy.
