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    Denver Warehouse For Sale Title is generated by Realmo AI

    3870 Elm St, Denver, CO 80207

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    14,500 sq ft warehouse available in Denver, Colorado.

    Type:Industrial
    Property size:
    14,500 SF
    Price / SF:
    $162/SF
    Added:
    May 16, 2024
    Days on Market:
    784
    Last Refresh:
    Jul 5 at 1:17 pm

    Property Features for 3870 Elm St

    General Information

    Standard status
    Active
    Size
    14,500 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1961

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    Steve Serenyi
    Steve Serenyi

    Listing office Colliers - Denver, Colorado

    Listing date May 16, 2024

    Source Crexi

    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 Colliers - Denver, Colorado

    HighLights

    • Established property with construction year of 1961.

    Overview

    This commercial real estate offering features a 14,500 square foot warehouse property located in Denver, Colorado. The property is intended for sale.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $191.4k $13.20
    − Vacancy −$15.1k −$1.04
    EGI $176.3k $12.16
    − OpEx −$26.4k −$1.82
    NOI $149.8k $10.33
    14,500 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.14M
    $1.87M – $2.50M (±1% cap)
    NOI $149,837 @ 7.0% cap · market cap 6.38%
    Second Best
    Industrial
    $1.76M
    $1.54M – $2.05M (±1% cap)
    NOI $123,154 @ 7.0% cap · market cap 5.24%
    Theoretical Best
    Office A
    $4.62M
    $4.04M – $5.39M (±1% cap)
    NOI $323,111 @ 7.0% cap · market cap 13.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Equipment Worldwide Production Facility eBay Seller medicalequipmentesi Production Facility Equipment Sales International ... Production Facility eBay Seller medicalequipmentesi ... Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Dental Office Hair Salon Nail Salon Spa & Massage Center Accounting Firm Pharmacy Skin Care Clinic Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9291143
    Latitude
    39.7708644

    FAQs

    What type of property is this?
    Warehouse - 14,500 sq ft warehouse available in Denver, Colorado.
    Where is this warehouse located?
    The property is located at 3870 Elm St Denver, CO.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Established property with construction year of 1961.
    (303) 745-5800 Call to check price and availability
    More about this property
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