Industrial Warehouse with Dock
For Sale
Contact for pricing
3650 East 41st Avenue, Denver, CO 80216
Functional warehouse with seven dock doors, one drive-in door, and 16-foot clear height on a 0.475-acre site.
Property Size9,536 SF
Lot Size0.48 Acres
Price / SF$241.19
Days on Market54
Property Features for 3650 East 41st Avenue
General Information
Standard status
Active
Size
9,536 SF
Class
C
Total Parking Spaces
30
Lot size
0.48 Acres
Property subtype
Industrial
Zoning
I-I, Denver; UO-2
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
7
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
1978
Units
4
Listing Agency:
Transworld Commercial Real Estate
(720) 909-8557
Listed By:
Phil Kubat · License #CO ER100016698
Source:
Crexi
Added: Jun 22
Changed: Aug 12
Last Checked: Aug 13 at 2:26PM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
3650 E 41st Ave is a functional industrial/warehouse property totaling approximately 9,536 square feet on a 0.475-acre site in Denver. The building is configured for 1–4 units and is equipped with seven dock doors and one drive-in door, supporting day-to-day loading and receiving operations. Warehouse functionality includes a 16-foot clear height and heavy power, and the property has on-site parking at approximately 3.15 spaces per 1,000 square feet. Built in 1978, the space is zoned I-I in Denver and is located within an Opportunity Zone.
The property sits in Denver’s Lower North Central industrial submarket, an established infill warehouse and logistics corridor. Access is positioned for connectivity to I-70, Colorado Boulevard, York Street, and the broader Denver metro transportation network, supporting regional distribution while keeping urban-core access in mind.
This configuration can fit industrial and logistics users that need multiple loading options and efficient warehouse clear height. The 1–4 unit setup may also appeal to operators looking for flexibility within an industrial warehouse building, with the I-I zoning and practical dock and drive-in layout supporting a range of distribution, contractor, storage, and light manufacturing uses as permitted by the zoning.
The property sits in Denver’s Lower North Central industrial submarket, an established infill warehouse and logistics corridor. Access is positioned for connectivity to I-70, Colorado Boulevard, York Street, and the broader Denver metro transportation network, supporting regional distribution while keeping urban-core access in mind.
This configuration can fit industrial and logistics users that need multiple loading options and efficient warehouse clear height. The 1–4 unit setup may also appeal to operators looking for flexibility within an industrial warehouse building, with the I-I zoning and practical dock and drive-in layout supporting a range of distribution, contractor, storage, and light manufacturing uses as permitted by the zoning.
Key Highlights
- Functional 9,536 SF industrial/warehouse on a 0.475‑acre site in Denver
- Seven dock doors plus one drive‑in door for efficient loading and unloading
- 16‑foot clear height and heavy power for warehouse and industrial use
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
$98,541
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
4.28%
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%
$1,970,820
$2.0M
Cap Rate 7%
$1,407,729
$1.4M
Cap Rate 9%
$1,094,900
$1.1M
Market Conditions
NOI Build-Up for 9,536 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
$125.9K $13.20/SF
− Vacancy
−$9.9K −$1.04/SF
EGI
$115.9K $12.16/SF
− OpEx
−$17.4K −$1.82/SF
NOI
$98.5K $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 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%
$1,970,820
Cap Rate 7%
$1,407,729
Cap Rate 9%
$1,094,900
Alternative Uses
Best Use
Warehouse
$1.41M
$1.23M – $1.64M
NOI $98,541 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,496 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
7
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
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
- Mile High Mobile Storage — 4390 Madison St, Denver, CO 80216
- Self Storage — 3361 Birch Street, Denver, CO 80207
- Extra Space Storage — 3879 Adams St, Denver, CO 80205
- Step Hills Transfer — 4200 Jackson St, Denver, CO 80216
- Seattle Transfer and Storage — 3899 Jackson St Suite 8, Denver, CO 80205
Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse with seven dock doors, one drive-in door, and 16-foot clear height on a 0.475-acre site.
Where is this warehouse located?
The property is located at 3650 East 41st Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Functional 9,536 SF industrial/warehouse on a 0.475‑acre site in Denver; Seven dock doors plus one drive‑in door for efficient loading and unloading; 16‑foot clear height and heavy power for warehouse and industrial use
