Building Details

Building Size 15,285 SF

Year Built 1979

Tenancy Multi

Listing Agency: Unique Properties, Inc.

Listed By: Brad Gilpin · License #EA.100007414 Show Phone

Source: Uniqueprop

Added: Aug 8 Changed: Sep 26 Last Checked: Oct 4 at 7:37AM

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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.

The property comprises three industrial condominium units at 2209-2219 S Jason St in Denver. Unit #2209 contains 4,766 SF and is leased through 6/30/2028, while Units #2211 and #2219 are vacant, measuring 5,258 SF and 5,261 SF, respectively. The combined configuration provides both current tenancy and available space within the same property.

Each unit is equipped with heavy 3-phase power, HVAC throughout, and an oversized drive-in door. Built in 1979, the industrial flex property supports a range of operational layouts across its individually defined condominium units.

Key Highlights

• Three industrial condominium units included
• Unit #2209: 4,766 SF, leased through 6/30/2028
• Unit #2211: 5,258 SF, vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$142,591

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,851,820 $2.9M

Cap Rate 7%

$2,037,014 $2.0M

Cap Rate 9%

$1,584,344 $1.6M

Market Conditions

NOI Build-Up for 15,285 SF

Gross rent

$238.4K $15.60/SF

− Vacancy

−$19.1K −$1.25/SF

EGI

$219.4K $14.35/SF

− OpEx

−$76.8K −$5.02/SF

NOI

$142.6K $9.33/SF

Area

Denver, CO

Vacancy

8.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,851,820

Cap Rate 7%

$2,037,014

Cap Rate 9%

$1,584,344

Alternative Uses

Best Use

Flex RnD

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,591 @ 7.0% cap · market cap 5.33%

Second Best

Industrial

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,822 @ 7.0% cap · market cap 4.85%

Theoretical Best

Office A

$4.87M

$4.26M – $5.68M (±1% cap)

NOI $340,604 @ 7.0% cap · market cap 12.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Dental Office Pharmacy Restaurant Real Estate Agency Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Drive-in doors

Multi-tenant

Tenancy

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

922

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

5.8% 2019

6.2% 2020

5.9% 2021

6.6% 2022

7% 2023

7.7% 2024

8.1% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Three separately configured units offer a mix of vacant space and an existing lease for flexible occupancy planning.

Where is this flex space located?

The property is located at 2209-2219 S Jason St Denver, CO.

What is the asking price?

The asking price for this property is $2,674,875.

What are key features of this property?

This property features: Three industrial condominium units included; Unit #2209: 4,766 SF, leased through 6/30/2028; Unit #2211: 5,258 SF, vacant