Multi-Tenant Office/Warehouse
New
For Sale
$4,900,000
2175 S Jasmine St, Denver, CO 80222
Industrial and office tenants occupy approximately 98% of the property.
Property Size39,528 SF
Price / SF$130.08
Days on Market4
Property Features for 2175 S Jasmine St
General Information
Standard status
Active
Size
39,528 SF
Property subtype
Industrial
Occupancy
98%
Additional Details
Highway Access
Yes
Building Details
Building Size
39,528 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
RC Myles, CCIM, SIOR
(303) 947-7850
Source:
Pinnaclerea
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 9 at 6:41PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This multi-tenant mixed-use property combines office and warehouse space across 37,668 SF. Built in 1985, it is approximately 98% occupied by a mix of industrial and office tenants.
The property is in Denver, east of I-25 and south of Evans Avenue, with access to I-25.
The property is in Denver, east of I-25 and south of Evans Avenue, with access to I-25.
Key Highlights
- 37,668 SF of office and warehouse space
- Approximately 98% occupied
- Industrial and office tenant mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,247
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,784,940
$7.8M
Cap Rate 7%
$5,560,671
$5.6M
Cap Rate 9%
$4,324,967
$4.3M
Market Conditions
NOI Build-Up for 37,668 SF
Gross rent
$497.2K $13.20/SF
− Vacancy
−$39.3K −$1.04/SF
EGI
$457.9K $12.16/SF
− OpEx
−$68.7K −$1.82/SF
NOI
$389.2K $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 Rate 5%
$7,784,940
Cap Rate 7%
$5,560,671
Cap Rate 9%
$4,324,967
Alternative Uses
Best Use
Mixed Use
$7.58M
$6.63M – $8.84M
NOI $530,554 @ 7.0% cap · market cap 10.83%
Second Best
Warehouse
$5.56M
$4.87M – $6.49M
NOI $389,247 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$11.99M
$10.49M – $13.99M
NOI $839,376 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
98%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial and office tenants occupy approximately 98% of the property.
Where is this mixed-use property located?
The property is located at 2175 S Jasmine St Denver, CO.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 37,668 SF of office and warehouse space; Approximately 98% occupied; Industrial and office tenant mix
