Flex Space with Large Bay
For Sale
Contact for pricing
2401 South Delaware St, Denver, CO 80223
Flex space zoned I-MX-3 with multiple large bay doors, loading docks, and office space plus a small storage yard.
Property Size31,357 SF
Price / SF$149.73
Days on Market304
Property Features for 2401 South Delaware St
General Information
Standard status
Active
Size
31,357 SF
Property subtype
INDUSTRIAL
Zoning
I-MX-3
Site & Location
Neighborhood
Overland
Outdoor Storage
Yes
Listing Agency:
SVN | Denver Commercial
(970) 207-0700
Listed By:
John Lutkewitte · License #CO FA.100076953
(513) 907-1349
Source:
Moodyscre
Added: Jan 1
Changed: Oct 25
Last Checked: Nov 1 at 4:53AM
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 SVN | Denver Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space includes an industrial/flex building totaling 31,357 SF, with multiple large bay doors designed to support day-to-day operations and logistics. The property also features loading docks, high ceilings, and a small yard for additional storage.
An office component is built into the layout, including a kitchenette, open work areas, and private offices. Access is described as easy to the East-facing bay door, which may help support efficient receiving and service workflows.
Zoned I-MX-3, the property also includes ample parking for employees along the North and East facing walls, supporting convenient on-site use for staff and visitors.
An office component is built into the layout, including a kitchenette, open work areas, and private offices. Access is described as easy to the East-facing bay door, which may help support efficient receiving and service workflows.
Zoned I-MX-3, the property also includes ample parking for employees along the North and East facing walls, supporting convenient on-site use for staff and visitors.
Key Highlights
- 31,357 SF industrial/flex building with high ceilings
- Multiple large bay doors, including easy access to the East‑facing bay door
- Zoned I‑MX‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,031
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,480,620
$6.5M
Cap Rate 7%
$4,629,014
$4.6M
Cap Rate 9%
$3,600,344
$3.6M
Market Conditions
NOI Build-Up for 31,357 SF
Gross rent
$413.9K $13.20/SF
− Vacancy
−$32.7K −$1.04/SF
EGI
$381.2K $12.16/SF
− OpEx
−$57.2K −$1.82/SF
NOI
$324.0K $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 Rate 5%
$6,480,620
Cap Rate 7%
$4,629,014
Cap Rate 9%
$3,600,344
Alternative Uses
Best Use
Office B
$6.56M
$5.74M – $7.66M
NOI $459,443 @ 7.0% cap · market cap 9.79%
Second Best
Warehouse
$4.63M
$4.05M – $5.40M
NOI $324,031 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$9.98M
$8.73M – $11.65M
NOI $698,744 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Denver, CO
Similar Off Market Nearby
- Sapori D'Italia — 2065 S Cherokee St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Flex space - Flex space zoned I-MX-3 with multiple large bay doors, loading docks, and office space plus a small storage yard.
Where is this flex space located?
The property is located at 2401 South Delaware St Denver, CO.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: 31,357 SF industrial/flex building with high ceilings; Multiple large bay doors, including easy access to the East‑facing bay door; Zoned I‑MX‑3
