Warehouse with Yard and
For Sale
Contact for pricing
3805 Carson Avenue, Evans, CO 80620
Owner-user option with fenced yard access, 24 drive-in doors, and 16–20 clear height.
Property Size30,175 SF
Price / SF$193.87
Days on Market52
Property Features for 3805 Carson Avenue
General Information
Standard status
Active
Size
30,175 SF
Property subtype
Industrial
Zoning
I-3 (heavy industrial)
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
24
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2004
Year Renovated
2025
Buildings
1
Listing Agency:
The Henry Group LLC
(303) 625-7444
Listed By:
CJ Toohey · License #CO
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 7:23PM
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 The Henry Group LLC
Investment Insights
Based on property information with market context.
This warehouse property offers a flexible layout with an owner-user opportunity to occupy just over 50% of the building, while retaining existing rental income as described in the seller’s remarks. The facility features 16’–20’ clear height, fenced yard access, and twenty-four (24) drive-in doors sized 12’ x 14’. A drive-around area and additional parking support practical vehicle staging for deliveries.
Operational access is designed to accommodate trucks and trailers. The property includes drive-around circulation to allow trailers and delivery trucks to access the site, complementing the abundance of drive-in doors for inbound and outbound movement.
Recent exterior updates include new exterior painting and a new monument sign, adding to curb presence. For buyers or operators seeking a warehouse that supports both an owner-occupied workflow and on-site revenue from other space, the combination of clear height, extensive drive-in coverage, and yard/drive-around access provides a workable platform for a range of industrial uses.
Operational access is designed to accommodate trucks and trailers. The property includes drive-around circulation to allow trailers and delivery trucks to access the site, complementing the abundance of drive-in doors for inbound and outbound movement.
Recent exterior updates include new exterior painting and a new monument sign, adding to curb presence. For buyers or operators seeking a warehouse that supports both an owner-occupied workflow and on-site revenue from other space, the combination of clear height, extensive drive-in coverage, and yard/drive-around access provides a workable platform for a range of industrial uses.
Key Highlights
- Built in 2004 with an owner‑user option to occupy just over 50% of the building.
- 16’-20’ clear height warehouse space for operations requiring higher ceilings.
- 24 drive‑in doors (12’ x 14’) plus fenced yard access.
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
$336,597
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
5.75%
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%
$6,731,940
$6.7M
Cap Rate 7%
$4,808,529
$4.8M
Cap Rate 9%
$3,739,967
$3.7M
Market Conditions
NOI Build-Up for 30,175 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
$430.9K $14.28/SF
− Vacancy
−$34.9K −$1.16/SF
EGI
$396.0K $13.12/SF
− OpEx
−$59.4K −$1.97/SF
NOI
$336.6K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /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%
$6,731,940
Cap Rate 7%
$4,808,529
Cap Rate 9%
$3,739,967
Alternative Uses
Best Use
Warehouse
$4.81M
$4.21M – $5.61M
NOI $336,597 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$5.50M
$4.81M – $6.42M
NOI $384,958 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
24
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80620, CO
20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
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
- K & K Self Storage LLC — 3951 Carson Ave, Evans, CO 80620
- Evans Central Self Storage — 3901 Central St, Evans, CO 80620
- Security Archives — 600 31st st, evans, co 80620
- Next Level Moving — 3638 carson ct, evans, co 80620
- Evans Self Storage — 1405 32nd St, Evans, CO 80620
Frequently Asked Questions
What type of property is this?
Warehouse - Owner-user option with fenced yard access, 24 drive-in doors, and 16–20 clear height.
Where is this warehouse located?
The property is located at 3805 Carson Avenue Evans, CO.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Built in 2004 with an owner‑user option to occupy just over 50% of the building.; 16’-20’ clear height warehouse space for operations requiring higher ceilings.; 24 drive‑in doors (12’ x 14’) plus fenced yard access.
