Updated Industrial Condo Near
4228 York #101 Denver, CO 80216
For Sale
$650,000
4,381 SF industrial condo, updated in 2023, near I-70.
Property Size4,381 SF
Lot Size0.10 Acres
Price / SF$148.37
Days on Market187
Property Features for 4228 York #101
General Information
- Standard status
- Active
- Size
- 4,381 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency:
ONE AVENUE REALTY
(303) 803-3805
Listed By:
JAMES MAYL · License #100065598
Source:
Corcoran
Added: Jan 21
Changed: Jul 6
Last Checked: Jul 26 at 9:50AM
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 ONE AVENUE REALTY
Investment Insights
Based on property information with market context.
This 4,381 SF industrial condo, originally built in 1946 and fully updated in 2023, presents an opportunity for owner-users or investors. The property is located in the heart of Metro Denver, with immediate access to I-70, providing strong proximity to regional and national transportation networks. The functional layout is suited for a variety of industrial uses, including manufacturing, distribution, or light industrial applications. Building features include 11' clear height, heavy 3-phase power, and a drive-in door. The property is zoned industrial and is located in a Federal Opportunity Zone, a Colorado Enterprise Zone, and is HUBZone-qualified. These zones offer potential capital gains tax deferral/reduction, state tax credit opportunities, and advantages for federal contracting, respectively. The property's location provides immediate access to regional and national transportation corridors.
Key Highlights
- Immediate access to I‑70 and regional/national transportation networks.
- Located in a Federal Opportunity Zone (potential capital gains tax deferral/reduction).
- Motivated Seller – Potential Concessions Available.
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 | $57.8k | $13.20 |
| − Vacancy | −$4.6k | −$1.04 |
| EGI | $53.3k | $12.16 |
| − OpEx | −$8.0k | −$1.82 |
| NOI | $45.3k | $10.33 |
4,381 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$646.7K
$565.9K – $754.5K
NOI $45,272 @ 7.0% cap · market cap 6.96%
Second Best
Flex RnD
$583.8K
$510.9K – $681.2K
NOI $40,869 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,624 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prancing Dog motors
Car Dealership
Leary Racing Products
Auto Parts Store
FAQs
What type of property is this?
Manufacturing property - 4,381 SF industrial condo, updated in 2023, near I-70.
Where is this manufacturing property located?
The property is located at 4228 York #101 Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Immediate access to I‑70 and regional/national transportation networks.; Located in a Federal Opportunity Zone (potential capital gains tax deferral/reduction).; Motivated Seller – Potential Concessions Available.
