Renovated Warehouse with 3-Phase
For Sale
$650,000
4228 York St 101, Denver, CO 80216
Updated warehouse space with office, bathroom, covered ceiling, dedicated parking, and substantial electrical capacity.
Property Size4,131 SF
Price / SF$157.35
Days on Market140
Property Features for 4228 York St 101
General Information
Standard status
Active
Size
4,131 SF
Total Parking Spaces
6
Property subtype
Commercial/Industrial
Warehouse & Industrial
Power
600 amps
Voltage
208 V
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$16,100
Building Details
Year Built
1946
Year Renovated
2024
Listing Agency:
One Avenue Realty
(303) 591-0811
Listed By:
James Mayl · License #100065598
(303) 591-0811
Source:
Exitrealty
Added: Apr 13
Changed: Aug 30
Last Checked: Jul 12 at 3:01AM
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 4,131-square-foot warehouse at 4228 York St includes a renovated entry office, a new bathroom, and an insulated covered ceiling. The interior was updated in 2024 and provides flexible operating space for industrial or commercial use. Electrical service includes two 750 KVA transformers and 600 amps of 3-phase 208 power.
The property is positioned on York St with a reported daily traffic count of 15,000. Parking includes 6 dedicated spaces, 3 designated 30-minute customer spaces, and access to a large overflow lot on the south side of the building. The combination of updated improvements, customer parking, and substantial power supports a range of warehouse-oriented operations.
The property is positioned on York St with a reported daily traffic count of 15,000. Parking includes 6 dedicated spaces, 3 designated 30-minute customer spaces, and access to a large overflow lot on the south side of the building. The combination of updated improvements, customer parking, and substantial power supports a range of warehouse-oriented operations.
Key Highlights
- 4,131‑square‑foot warehouse updated in 2024
- Two 750 KVA transformers and 600 amps of 3‑phase 208 power
- Entry office, new bathroom, and insulated covered ceiling
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
$42,688
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
6.57%
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%
$853,760
$853.8K
Cap Rate 7%
$609,829
$609.8K
Cap Rate 9%
$474,311
$474.3K
Market Conditions
NOI Build-Up for 4,131 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
$54.5K $13.20/SF
− Vacancy
−$4.3K −$1.04/SF
EGI
$50.2K $12.16/SF
− OpEx
−$7.5K −$1.82/SF
NOI
$42.7K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /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%
$853,760
Cap Rate 7%
$609,829
Cap Rate 9%
$474,311
Alternative Uses
Best Use
Warehouse
$609.8K
$533.6K – $711.5K
NOI $42,688 @ 7.0% cap · market cap 6.57%
Second Best
Flex RnD
$550.5K
$481.7K – $642.3K
NOI $38,537 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,053 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Updated warehouse space with office, bathroom, covered ceiling, dedicated parking, and substantial electrical capacity.
Where is this warehouse located?
The property is located at 4228 York St 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: 4,131‑square‑foot warehouse updated in 2024; Two 750 KVA transformers and 600 amps of 3‑phase 208 power; Entry office, new bathroom, and insulated covered ceiling
