Warehouse with Fenced
For Sale
Contact for pricing
2249 W College Ave, Englewood, CO 80110
Fully leased warehouse occupied by two long-term tenants on month-to-month agreements.
Property Size10,256 SF
Price / SF$155.71
Days on Market9
Property Features for 2249 W College Ave
General Information
Standard status
Active
Size
10,256 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Fenced Yard
Yes
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Denver
(303) 283-4578
Listed By:
Steve Serenyi · License #FA.040016442
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 12 at 3:59AM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
This 10,256-square-foot warehouse includes floor drains, a fenced yard, and building improvements consisting of a roof installed in 2010 and HVAC replaced in 2024. The property is configured for continued warehouse operations with functional service features and outdoor yard space.
Two long-term tenants currently occupy the building under month-to-month leases. The existing occupancy provides an established operating arrangement while retaining flexibility in future space planning.
Two long-term tenants currently occupy the building under month-to-month leases. The existing occupancy provides an established operating arrangement while retaining flexibility in future space planning.
Key Highlights
- 10,256‑square‑foot warehouse building
- Fully leased to two long‑term tenants
- Month‑to‑month lease arrangements
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
$93,480
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
5.85%
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%
$1,869,600
$1.9M
Cap Rate 7%
$1,335,429
$1.3M
Cap Rate 9%
$1,038,667
$1.0M
Market Conditions
NOI Build-Up for 10,256 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
$118.8K $11.58/SF
− Vacancy
−$8.8K −$0.86/SF
EGI
$110.0K $10.72/SF
− OpEx
−$16.5K −$1.61/SF
NOI
$93.5K $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%
$1,869,600
Cap Rate 7%
$1,335,429
Cap Rate 9%
$1,038,667
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,480 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$152.27M
$133.24M – $177.65M
NOI $10,658,818 @ 7.0% cap · market cap 667.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MEI Self Storage — 2297 W Dartmouth Ave, Englewood, CO 80110
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- Sms Crating & Shipping — 2031 W Bates Ave, Englewood, CO 80110
- Long Distance Movers Denver - Orange Square — 3133 S Platte River Dr, Englewood, CO 80110
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse occupied by two long-term tenants on month-to-month agreements.
Where is this warehouse located?
The property is located at 2249 W College Ave Englewood, CO.
What is the asking price?
The asking price for this property is $1,597,000.
What are key features of this property?
This property features: 10,256‑square‑foot warehouse building; Fully leased to two long‑term tenants; Month‑to‑month lease arrangements
