Renovated Flex Building with
For Sale
$2,395,000
350 Santa Fe Drive, Denver, CO 80223
Temperature-controlled flex space configured for up to three units, with warehouse, production, storefront, and second-story apartment areas.
Property Size9,186 SF
Days on Market114
Property Features for 350 Santa Fe Drive
General Information
Standard status
Active
Size
9,186 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Building Size
9,186 SF
Year Built
1947
Year Renovated
2020
Listing Agency:
Unique Properties, Inc
Listed By:
Greg Knott · License #FA.001312096
(303) 521-3648
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 3
Last Checked: Oct 14 at 9:23PM
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 Unique Properties, Inc
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Investment Insights
Based on property information with market context.
Originally built in 1947 and renovated in 2020, this flex property combines free-span warehouse and production areas with two storefront entrances and an oversized drive-in loading door. The building is fully temperature-controlled and can be arranged as one, two, or three separate units. A second-story apartment area includes a full kitchen and bathroom. Additional improvements include a newer EPDM roof, updated lighting, interior flooring, and skylights.
The property is located at 350 Santa Fe Drive in Denver’s Santa Fe Arts District. The offering also includes a fenced lot on the north side that can support parking or secure outdoor storage. Current occupancy includes one month-to-month tenant, while another tenant is scheduled to vacate in March, creating flexibility for an owner-user or future reconfiguration.
The property is located at 350 Santa Fe Drive in Denver’s Santa Fe Arts District. The offering also includes a fenced lot on the north side that can support parking or secure outdoor storage. Current occupancy includes one month-to-month tenant, while another tenant is scheduled to vacate in March, creating flexibility for an owner-user or future reconfiguration.
Key Highlights
- Flex building renovated in 2020; originally constructed in 1947
- Free‑span warehouse and production areas with 100 percent temperature‑controlled space
- Oversized drive‑in loading door plus two storefront entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,385
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,587,700
$2.6M
Cap Rate 7%
$1,848,357
$1.8M
Cap Rate 9%
$1,437,611
$1.4M
Market Conditions
NOI Build-Up for 9,186 SF
Gross rent
$220.5K $24.00/SF
− Vacancy
−$13.4K −$1.46/SF
EGI
$207.0K $22.54/SF
− OpEx
−$77.6K −$8.45/SF
NOI
$129.4K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,587,700
Cap Rate 7%
$1,848,357
Cap Rate 9%
$1,437,611
Alternative Uses
Best Use
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,385 @ 7.0% cap · market cap 5.40%
Second Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $94,925 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,696 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,995
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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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 - Temperature-controlled flex space configured for up to three units, with warehouse, production, storefront, and second-story apartment areas.
Where is this flex space located?
The property is located at 350 Santa Fe Drive Denver, CO.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Flex building renovated in 2020; originally constructed in 1947; Free‑span warehouse and production areas with 100 percent temperature‑controlled space; Oversized drive‑in loading door plus two storefront entrances
