Three-Unit Flex Space
New
For Sale
Contact for pricing
2209 Jason St, Denver, CO 80223
Industrial condominium units offer heavy three-phase power, HVAC, and oversized drive-in doors.
Property Size15,285 SF
Price / SF$175
Days on Market6
Property Features for 2209 Jason St
General Information
Standard status
Active
Size
15,285 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
3
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Asking Price
$2,674,875
Listing Agency:
Unique Properties, Inc.
(303) 668-3733
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Moodyscre
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 11 at 2:43PM
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 offering includes three industrial condominium units totaling 15,285 square feet. Unit 2209 contains 4,766 square feet and is leased through 6/30/2028, while Units 2211 and 2219 are vacant with 5,258 and 5,261 square feet, respectively. Each unit is equipped with heavy three-phase power, HVAC throughout, and an oversized drive-in door.
The property is located at 2209 Jason St in Denver, Colorado 80223. The combination of leased and vacant condominium units provides a mix of existing occupancy and available space within the same industrial property.
The property is located at 2209 Jason St in Denver, Colorado 80223. The combination of leased and vacant condominium units provides a mix of existing occupancy and available space within the same industrial property.
Key Highlights
- Three industrial condominium units totaling 15,285 square feet
- Unit 2209: 4,766 SF leased through 6/30/2028
- Unit 2211: 5,258 SF, vacant
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
$142,591
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
5.33%
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%
$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
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
$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 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%
$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
NOI $142,591 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,822 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,604 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,110
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium units offer heavy three-phase power, HVAC, and oversized drive-in doors.
Where is this flex space located?
The property is located at 2209 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 totaling 15,285 square feet; Unit 2209: 4,766 SF leased through 6/30/2028; Unit 2211: 5,258 SF, vacant
