Warehouse with Separate Multi-Level
For Sale
Contact for pricing
2380 S Broadway St, Denver, CO 63104
Multi-level warehouse with front and rear access plus parking, supporting owner-occupant or mixed-use operations.
Property Size4,047 SF
Price / SF$296.52
Days on Market107
Property Features for 2380 S Broadway St
General Information
Standard status
Active
Size
4,047 SF
Total Parking Spaces
9
Property subtype
Office, Industrial, Mixed Use
Zoning
U-MX-3
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Compass - Denver
Listed By:
David Williams · License #FA100087495
(303) 536-1786
Source:
Crexi
Added: Jun 3
Changed: Sep 5
Last Checked: Sep 16 at 4:23PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This 4,047-square-foot warehouse and mixed-use building features an open plan layout in the warehouse/lower level, with separate front and rear entrances for both the lower and upper portions of the property. The upper level also has its own front and rear access, offering practical separation of space. Bathrooms are provided on both levels, and the upper unit includes a washer and dryer for added convenience. Parking is available at both the front and rear, supporting day-to-day operations.
The property is located on S Broadway in Denver, with easy access to Santa Fe and I-25.
With separate entry points to the lower and upper levels, this building can work well for an owner user who wants space for operations alongside additional usable area, or for an investor seeking a structure that can be occupied in more than one way. The presence of bathrooms on both levels and in-unit laundry on the upper portion can help reduce friction for tenants and support flexible space planning.
The property is located on S Broadway in Denver, with easy access to Santa Fe and I-25.
With separate entry points to the lower and upper levels, this building can work well for an owner user who wants space for operations alongside additional usable area, or for an investor seeking a structure that can be occupied in more than one way. The presence of bathrooms on both levels and in-unit laundry on the upper portion can help reduce friction for tenants and support flexible space planning.
Key Highlights
- 4047 sq ft warehouse and mixed‑use building built in 2001 on S Broadway
- Multi‑level layout with open plan in the warehouse/lower level
- Separate front and rear entrances for both the lower and upper levels
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
$41,820
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
3.49%
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%
$836,400
$836.4K
Cap Rate 7%
$597,429
$597.4K
Cap Rate 9%
$464,667
$464.7K
Market Conditions
NOI Build-Up for 4,047 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
$53.4K $13.20/SF
− Vacancy
−$4.2K −$1.04/SF
EGI
$49.2K $12.16/SF
− OpEx
−$7.4K −$1.82/SF
NOI
$41.8K $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 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%
$836,400
Cap Rate 7%
$597,429
Cap Rate 9%
$464,667
Alternative Uses
Best Use
Warehouse
$597.4K
$522.8K – $697.0K
NOI $41,820 @ 7.0% cap · market cap 3.49%
Second Best
Flex RnD
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-level warehouse with front and rear access plus parking, supporting owner-occupant or mixed-use operations.
Where is this flex space located?
The property is located at 2380 S Broadway St Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4047 sq ft warehouse and mixed‑use building built in 2001 on S Broadway; Multi‑level layout with open plan in the warehouse/lower level; Separate front and rear entrances for both the lower and upper levels
