Denver Warehouse Investment
2390 Kalamath St, Denver, CO
Call to check price and availability
12,000 SF warehouse with value-add potential in Denver.
Type:INDUSTRIAL
Property size:
12,000 SFLot size:
0.43 AcresPrice / SF:
$166/SF- Added:
- Aug 21, 2025
- Days on Market:
- 275
- Last Refresh:
- Apr 5 at 9:32 pm
Property Features for 2390 Kalamath St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.43 Acres
- Property subtype
- INDUSTRIAL
Listing agent Angelo Vattano License #EA.100007414 (970) 310-3485
Listing office Matthews Real Estate Investment Services | Denver (970) 310-3485
Listing date Aug 21, 2025
Source Moodyscre
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 Matthews Real Estate Investment Services | Denver
HighLights
- Located in a supply‑constrained, high‑demand infill submarket.
- Strong potential for value creation through market rent increases and NNN lease conversions.
- Ability to capture immediate upside with all leases turning over by 12/31/2026.
- ±12,000 SF broken up into (6) 2,000 SF individual units.
- Separately metered for gas & electric.
- 6 drive‑in bay doors – 1 for each unit.
Overview
This 12,000 square foot property is divided into six individual 2,000 square foot units. Constructed with durable masonry, the property features an approximate mix of 85% warehouse and 15% office space. Each unit is separately metered for gas and electric and includes air conditioning. Each unit also has one drive-in bay door, totaling six drive-in bay doors for the entire property. The property is located in a high-demand submarket. It is fully leased to tenants on below-market, short-term gross leases, presenting a strong potential for value creation through market rent increases and NNN lease conversions. All leases are scheduled to turn over by December 31, 2026, offering the ability to capture immediate upside.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$1.38M
NOI $124,003 @ 9.00% cap · cautious / downside scenario
Moderate
$1.77M
NOI $124,003 @ 7.00% cap · market / base-case scenario
Aggressive
$2.48M
NOI $124,003 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.4k | $13.20 |
| − Vacancy | −$12.5k | −$1.04 |
| EGI | $145.9k | $12.16 |
| − OpEx | −$21.9k | −$1.82 |
| NOI | $124.0k | $10.33 |
12,000 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,003 @ 7.0% cap · market cap 6.20%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $111,946 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,402 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kennerly Construction Corporation.
Construction Company
The Shine Squad
Car Wash
All Season Heating ...
HVAC Service
Dent Lab
Auto Repair Shop
Doc's of Denver
Carpet Cleaning Service
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105
- Latitude
- 39.6734
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 12,000 SF warehouse with value-add potential in Denver.
Where is this warehouse located?
The property is located at 2390 Kalamath St Denver, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Located in a supply‑constrained, high‑demand infill submarket.; Strong potential for value creation through market rent increases and NNN lease conversions.; Ability to capture immediate upside with all leases turning over by 12/31/2026.
