Renovated Flex
For Sale
Contact for pricing
2192 West College Avenue, Englewood, CO 80110
I-1 zoning and a yard component provide building and outdoor operating space.
Property Size6,740 SF
Price / SF$296.74
Days on Market119
Property Features for 2192 West College Avenue
General Information
Standard status
Active
Size
6,740 SF
Property subtype
Office, Industrial
Zoning
I-1
Building Details
Year Built
2010
Year Renovated
2025
Buildings
1
Tenancy
Single
Listing Agency:
Unique Properties, Inc
(303) 524-2081
Listed By:
Michael DeSantis · License #CO FA.100053000
Source:
Crexi
Added: May 6
Changed: Aug 31
Last Checked: Aug 30 at 9:50PM
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 flex space includes a 6,740-square-foot building on approximately 0.73 acres. Constructed in 2010 and renovated in 2025, the property combines enclosed commercial space with a yard component that can support outdoor storage or business operations. The renovation provides updated interior finishes and a ready-to-use configuration.
Located in Englewood, Colorado, the property is positioned within an established industrial area with access to major thoroughfares and the greater Denver metro area. The site is associated with 2192 West College Avenue and 2191 West Yale Avenue and is zoned I-1.
Located in Englewood, Colorado, the property is positioned within an established industrial area with access to major thoroughfares and the greater Denver metro area. The site is associated with 2192 West College Avenue and 2191 West Yale Avenue and is zoned I-1.
Key Highlights
- 6,740‑square‑foot flex/industrial building
- Approximately 0.73‑acre site
- Renovated in 2025
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
$61,433
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
3.07%
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%
$1,228,660
$1.2M
Cap Rate 7%
$877,614
$877.6K
Cap Rate 9%
$682,589
$682.6K
Market Conditions
NOI Build-Up for 6,740 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
$78.0K $11.58/SF
− Vacancy
−$5.8K −$0.86/SF
EGI
$72.3K $10.72/SF
− OpEx
−$10.8K −$1.61/SF
NOI
$61.4K $9.11/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /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%
$1,228,660
Cap Rate 7%
$877,614
Cap Rate 9%
$682,589
Alternative Uses
Best Use
Warehouse
$877.6K
$767.9K – $1.02M
NOI $61,433 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$722.7K
$632.4K – $843.2K
NOI $50,591 @ 7.0% cap · market cap 2.53%
Theoretical Best
Multifamily LT 5
$100.07M
$87.56M – $116.75M
NOI $7,004,723 @ 7.0% cap · market cap 350.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1 zoning and a yard component provide building and outdoor operating space.
Where is this flex space located?
The property is located at 2192 West College Avenue Englewood, CO.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 6,740‑square‑foot flex/industrial building; Approximately 0.73‑acre site; Renovated in 2025
