Denver Flex Space For
For Sale
Contact for pricing
Pending
3188 W Alameda Ave, Denver, CO 80219
Free-standing building in central Denver with showroom and manufacturing potential.
Property Size3,780 SF
Days on Market1077
Property Features for 3188 W Alameda Ave
General Information
Standard status
Pending
Size
3,780 SF
Property subtype
Industrial
Zoning
E-MX-3 (Denver County)
Investment Type
Owner/User
Building Details
Year Built
1955
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NavPoint Real Estate Group
(720) 635-4591
Listed By:
Matt Kulbe · License #CO FA.100014080
Source:
Crexi
Added: Sep 12, 2023
Changed: Aug 14
Last Checked: Aug 22 at 3:30AM
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 NavPoint Real Estate Group
Investment Insights
Based on property information with market context.
This free-standing building is located in central Denver and features 50 feet of frontage on Alameda Avenue at South Federal Boulevard. The property offers potential as showroom space or light manufacturing space. It is zoned E-MX-3, which allows for a variety of uses. The building includes 14-foot clear height and one drive-in door. The property has a size of 3,780 square feet.
Key Highlights
- Excellent Central Denver Location on Alameda Ave. at S Federal Blvd.
- E‑MX‑3 Zoning Allowing for Large Variety of Users
- 50’ of Frontage to Highly‑Traveled Alameda Ave.
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
$32,168
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
4.29%
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%
$643,360
$643.4K
Cap Rate 7%
$459,543
$459.5K
Cap Rate 9%
$357,422
$357.4K
Market Conditions
NOI Build-Up for 3,780 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
$49.9K $13.20/SF
− Vacancy
−$3.9K −$1.04/SF
EGI
$46.0K $12.16/SF
− OpEx
−$13.8K −$3.65/SF
NOI
$32.2K $8.51/SF
Area
ZIP 80219
Vacancy
7.90%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$643,360
Cap Rate 7%
$459,543
Cap Rate 9%
$357,422
Alternative Uses
Best Use
Industrial
$459.5K
$402.1K – $536.1K
NOI $32,168 @ 7.0% cap · market cap 4.29%
Second Best
Flex RnD
$426.7K
$373.4K – $497.8K
NOI $29,870 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.08M
$943.5K – $1.26M
NOI $75,479 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Three Tomatoes Catering — 255 Yuma St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing building in central Denver with showroom and manufacturing potential.
Where is this flex space located?
The property is located at 3188 W Alameda Ave Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Excellent Central Denver Location on Alameda Ave. at S Federal Blvd.; E‑MX‑3 Zoning Allowing for Large Variety of Users; 50’ of Frontage to Highly‑Traveled Alameda Ave.
