Englewood Warehouse Space
For Sale
$3,265,000
Pending
3898 S Jason Street, Englewood, CO 80110
23,936 sqft warehouse in Englewood, Colorado for sale.
Property Size23,936 SF
Lot Size1.00 Acre
Days on Market246
Property Features for 3898 S Jason Street
General Information
Standard status
Pending
Size
23,936 SF
Lot size
1.00 Acre
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$59,177
Amenities
Membrane Roof
Building Details
Year Built
1958
Listing Agency:
PERINGTON-MILLER & COMPANY
(303) 832-4578
Listed By:
PHILIP PERINGTON
Source:
Corcoran
Added: Dec 10, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:21PM
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 PERINGTON-MILLER & COMPANY
Investment Insights
Based on property information with market context.
A 23,936 square foot warehouse is available for sale in Englewood, Colorado.
Key Highlights
- 23,936 sqft warehouse property for sale
- Located in Englewood, Colorado
- Year Built: 1958
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
$218,167
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
6.68%
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%
$4,363,340
$4.4M
Cap Rate 7%
$3,116,671
$3.1M
Cap Rate 9%
$2,424,078
$2.4M
Market Conditions
NOI Build-Up for 23,936 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
$277.2K $11.58/SF
− Vacancy
−$20.5K −$0.86/SF
EGI
$256.7K $10.72/SF
− OpEx
−$38.5K −$1.61/SF
NOI
$218.2K $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%
$4,363,340
Cap Rate 7%
$3,116,671
Cap Rate 9%
$2,424,078
Alternative Uses
Best Use
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,167 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$2.57M
$2.25M – $2.99M
NOI $179,667 @ 7.0% cap · market cap 5.50%
Theoretical Best
Multifamily LT 5
$355.37M
$310.95M – $414.60M
NOI $24,876,119 @ 7.0% cap · market cap 761.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,626
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 — 1090 W Hampden Ave, Englewood, CO 80110
- Central Storage & Workshops — 4425 S Santa Fe Dr, Englewood, CO 80110
- Affordable Storage — 4425 S Santa Fe Dr, Englewood, CO 80110
- U Stor All — 4388 S Windermere St, Englewood, CO 80110
- Indoor RV Storage — 1395 W Radcliff Ave, Englewood, CO 80110
Frequently Asked Questions
What type of property is this?
Warehouse - 23,936 sqft warehouse in Englewood, Colorado for sale.
Where is this warehouse located?
The property is located at 3898 S Jason Street Englewood, CO.
What is the asking price?
The asking price for this property is $3,265,000.
What are key features of this property?
This property features: 23,936 sqft warehouse property for sale; Located in Englewood, Colorado; Year Built: 1958
