Multi-Tenant Warehouse-Industrial
For Sale
Contact for pricing
3535 S Irving St, Englewood, CO 80110
Warehouse-manufacturing property with month-to-month tenancy and additional parking, offering visibility from Highway 285.
Property Size35,624 SF
Price / SF$109.48
Days on Market1153
Property Features for 3535 S Irving St
General Information
Standard status
Active
Size
35,624 SF
Property subtype
INDUSTRIAL
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Madison Commercial Properties
(303) 771-3850
Listed By:
Brian Chimileski · License #100074933
(303) 720-2848
Source:
Moodyscre
Added: Jul 20, 2023
Changed: Aug 16
Last Checked: Sep 13 at 8:16AM
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 Madison Commercial Properties
Investment Insights
Based on property information with market context.
This Sheridan-based warehouse/manufacturing property is offered for sale as a multi-tenant building. The current structure includes tenants under two month-to-month agreements, with one tenant scheduled to vacate in May of 2024. Additional parking is available to support day-to-day operations.
The property is located in Southwest Denver off Hampden and provides easy access to many areas of the Denver MSA. It also has visibility from Highway 285 and is located within an Opportunity Zone.
For buyers seeking an industrial asset with existing occupancy and near-term change in tenant status, this property combines practical warehouse-manufacturing space with straightforward access and strong highway visibility.
The property is located in Southwest Denver off Hampden and provides easy access to many areas of the Denver MSA. It also has visibility from Highway 285 and is located within an Opportunity Zone.
For buyers seeking an industrial asset with existing occupancy and near-term change in tenant status, this property combines practical warehouse-manufacturing space with straightforward access and strong highway visibility.
Key Highlights
- Sheridan‑based warehouse/manufacturing property in southwest Denver off Hampden
- Multi‑tenant building with two month‑to‑month agreements; one tenant scheduled to vacate in May 2024
- Easy access to many areas of the Denver MSA
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
$324,699
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
8.33%
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%
$6,493,980
$6.5M
Cap Rate 7%
$4,638,557
$4.6M
Cap Rate 9%
$3,607,767
$3.6M
Market Conditions
NOI Build-Up for 35,624 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
$412.5K $11.58/SF
− Vacancy
−$30.5K −$0.86/SF
EGI
$382.0K $10.72/SF
− OpEx
−$57.3K −$1.61/SF
NOI
$324.7K $9.11/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /SF/Yr
Expense Ratio
15.00%
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%
$6,493,980
Cap Rate 7%
$4,638,557
Cap Rate 9%
$3,607,767
Alternative Uses
Best Use
Warehouse
$4.64M
$4.06M – $5.41M
NOI $324,699 @ 7.0% cap · market cap 8.33%
Second Best
Industrial
$3.82M
$3.34M – $4.46M
NOI $267,399 @ 7.0% cap · market cap 6.86%
Theoretical Best
Multifamily LT 5
$528.90M
$462.79M – $617.05M
NOI $37,023,181 @ 7.0% cap · market cap 949.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 4120 S Federal Blvd, Englewood, CO 80110
- A Discount Storage — 3801 S Clay St, Englewood, CO 80110
- Sher-Wood Storage — 3701 S Clay St, Englewood, CO 80110
- A Storage Place — 3615 S Bryant St, Englewood, CO 80110
- Sheridan RV Storage — 3575 S Clay St, Englewood, CO 80110
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse-manufacturing property with month-to-month tenancy and additional parking, offering visibility from Highway 285.
Where is this warehouse located?
The property is located at 3535 S Irving St Englewood, CO.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Sheridan‑based warehouse/manufacturing property in southwest Denver off Hampden; Multi‑tenant building with two month‑to‑month agreements; one tenant scheduled to vacate in May 2024; Easy access to many areas of the Denver MSA
