Denver Warehouse with Outdoor
For Sale
Contact for pricing
4300 Forest St, Denver, CO 80216
22,100 SF warehouse on 1.29 acres with IOS.
Property Size22,100 SF
Lot Size1.29 Acres
Price / SF$166.29
Days on Market175
Property Features for 4300 Forest St
General Information
Standard status
Active
Size
22,100 SF
Class
C
Lot size
1.29 Acres
Property subtype
Industrial
Zoning
I-B
Building Details
Year Built
1976
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Alyssa Tomback · License #CO 100087968
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 15 at 11:04PM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
The property at 4300 Forest Street in Denver, Colorado, offers approximately 22,100 square feet of warehouse space on a 1.29-acre lot. This multi-tenant asset is divided into two units and features an 18-foot clear height. It includes two dock-high doors and two grade-level doors accessible via ramps and/or dock. The property is equipped with heavy power, providing 2,000 amps at 480 volts. A half-acre fenced lot provides ample industrial outdoor storage space (IOS). Situated along Interstate 70, the property is 5.8 miles from Denver’s central business district and has access to a Union Pacific rail spur. The vacant property can support a variety of uses or be acquired as a value-add investment opportunity.
Key Highlights
- 22,100 SF warehouse on 1.29 acres with ample industrial outdoor storage (IOS).
- Located along Interstate 70, providing convenient access and visibility.
- Heavy power: 2,000 amps and 480 volts.
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
$228,373
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
6.21%
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%
$4,567,460
$4.6M
Cap Rate 7%
$3,262,471
$3.3M
Cap Rate 9%
$2,537,478
$2.5M
Market Conditions
NOI Build-Up for 22,100 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
$291.7K $13.20/SF
− Vacancy
−$23.0K −$1.04/SF
EGI
$268.7K $12.16/SF
− OpEx
−$40.3K −$1.82/SF
NOI
$228.4K $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%
$4,567,460
Cap Rate 7%
$3,262,471
Cap Rate 9%
$2,537,478
Alternative Uses
Best Use
Warehouse
$3.26M
$2.85M – $3.81M
NOI $228,373 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$2.68M
$2.35M – $3.13M
NOI $187,704 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$7.04M
$6.16M – $8.21M
NOI $492,466 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Well-served
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 - 22,100 SF warehouse on 1.29 acres with IOS.
Where is this warehouse located?
The property is located at 4300 Forest St Denver, CO.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: 22,100 SF warehouse on 1.29 acres with ample industrial outdoor storage (IOS).; Located along Interstate 70, providing convenient access and visibility.; Heavy power: 2,000 amps and 480 volts.
