Building Details

Building Size 3,904 SF

Year Built 1956

Listing Agency: Unique Properties, Inc.

Listed By: Marc S. Lippitt · License #ER.000183921 Show Phone

Source: Uniqueprop

Added: Jun 25 Changed: Oct 12 Last Checked: Oct 19 at 4:13AM

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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.

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Investment Insights

Based on property information with market context.

This retail and warehouse facility includes a 3,000 SF warehouse along with a 900 SF retail/office building and an additional 900 SF basement. The property also features a lighted 50 ft sign for visibility and signage, and it has a two-car garage for additional storage that is not included in the stated total square footage.

The site overlooks US 285 and includes monument signage on Hampden Avenue. The property is zoned BUS-1 and is described as supporting a multitude of permitted uses.

The warehouse is currently leased on a month-to-month basis, and the offering notes additional income associated with a billboard.

Key Highlights

• Overlooks US 285 with 50‑ft lighted monument signage for visibility and signage
• Zoned BUS‑1 with an array of permitted uses for owner‑users or investors
• Leased retail/office building with 900 SF retail/office plus a 900 SF basement and 3,000 SF warehouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,539

Cap Rate

5.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,410,780 $1.4M

Cap Rate 7%

$1,007,700 $1.0M

Cap Rate 9%

$783,767 $783.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,904 SF

Gross rent

$105.4K $27.00/SF

− Vacancy

−$4.6K −$1.19/SF

EGI

$100.8K $25.81/SF

− OpEx

−$30.2K −$7.74/SF

NOI

$70.5K $18.07/SF

Area

Arapahoe County, CO

Vacancy

4.40%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,410,780

Cap Rate 7%

$1,007,700

Cap Rate 9%

$783,767

Alternative Uses

Best Use

Retail

$1.01M

$881.7K – $1.18M (±1% cap)

NOI $70,539 @ 7.0% cap · market cap 5.45%

Second Best

Warehouse

$508.3K

$444.8K – $593.1K (±1% cap)

NOI $35,583 @ 7.0% cap · market cap 2.75%

Theoretical Best

Multifamily LT 5

$57.96M

$50.72M – $67.62M (±1% cap)

NOI $4,057,335 @ 7.0% cap · market cap 313.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

765

Businesses Nearby

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Leased retail/office building and warehouse with 50-foot lighted monument signage on US 285.

Where is this retail space located?

The property is located at 2800 West Hampden Avenue Sheridan, CO.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Overlooks US 285 with 50‑ft lighted monument signage for visibility and signage; Zoned BUS‑1 with an array of permitted uses for owner‑users or investors; Leased retail/office building with 900 SF retail/office plus a 900 SF basement and 3,000 SF warehouse