R&D Flex Building with Drive-In
For Sale
Contact for pricing
Pending
3898 S Jason St, Englewood, CO 80110
R&D flex building with four units, street and alley access, and mixed zoning including I-1 and MUR-3-A parking lot.
Property Size23,936 SF
Lot Size1.02 Acres
Days on Market274
Property Features for 3898 S Jason St
General Information
Standard status
Pending
Size
23,936 SF
Lot size
1.02 Acres
Property subtype
INDUSTRIAL
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Drive-In Doors
6
Building Details
Buildings
4
Construction
brick and concrete block
Listing Agency:
Perington-Miller & Company, Inc.
(303) 668-7031
Listed By:
Philip Perington
(303) 668-7031
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Jul 29
Last Checked: Jul 29 at 7:30PM
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, Inc.
Investment Insights
Based on property information with market context.
R&D flex building offering four units and a total of 23,936 SF on 1.023 acres. The brick and concrete block construction includes multiple warehouse layouts with office space and select mezzanine space. Unit 3898 features two oversized 14' drive-in doors along with street and alley access, an office suite, mezzanine, and warehouse area for an owner-user fit. Other units include 3890 (3886) with two 10' drive-in doors, 3880 with an 8' drive-in door plus a large open warehouse and four offices, and 3878 with a 12' drive-in door, large warehouse, and lobby.
The property has mixed zoning, including I-1 for the commercial building, along with MUR-3-A for the parking lot, which supports development potential. The site is located in an Opportunity Zone/Enterprise Zone.
Owner-user and multi-tenant configurations are supported by the combination of drive-in access and on-site office space across the units, with street and alley access serving the building.
The property has mixed zoning, including I-1 for the commercial building, along with MUR-3-A for the parking lot, which supports development potential. The site is located in an Opportunity Zone/Enterprise Zone.
Owner-user and multi-tenant configurations are supported by the combination of drive-in access and on-site office space across the units, with street and alley access serving the building.
Key Highlights
- Four‑unit R&D flex building totaling 23,936 SF on 1.023 acres
- Brick and concrete block construction with warehouse and office components
- Unit 3898 includes two oversized 14' drive‑in doors plus office suite and mezzanine
Financial Insights For Office B
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 | $425.1k | $17.76 |
| − Vacancy | −$76.1k | −$3.18 |
| EGI | $349.0k | $14.58 |
| − OpEx | −$87.3k | −$3.65 |
| NOI | $261.8k | $10.94 |
23,936 SF · lease $17.76/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,757 @ 7.0% cap · market cap 8.02%
Second Best
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,167 @ 7.0% cap · market cap 6.68%
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
Current Use
Lease Details
6
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
Under-served
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Strawberries Catering — 3535 S Platte River Dr A-3, Sheridan, CO 80110
Frequently Asked Questions
What type of property is this?
Flex space - R&D flex building with four units, street and alley access, and mixed zoning including I-1 and MUR-3-A parking lot.
Where is this flex space located?
The property is located at 3898 S Jason St 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: Four‑unit R&D flex building totaling 23,936 SF on 1.023 acres; Brick and concrete block construction with warehouse and office components; Unit 3898 includes two oversized 14' drive‑in doors plus office suite and mezzanine
