Freestanding Flex
For Sale
Contact for pricing
4350 Broadway, Denver, CO 80216
I-1-zoned facility with highway connectivity, loading access, and a dedicated office component.
Property Size5,216 SF
Price / SF$258.82
Days on Market122
Property Features for 4350 Broadway
General Information
Standard status
Active
Size
5,216 SF
Property subtype
Office, Industrial
Zoning
I-1 (Industrial)
Investment Type
Owner/User
Building Details
Year Built
1968
Listing Agency:
CBRE - Denver Downtown
Listed By:
Nic Carter · License #100070547
Source:
Crexi
Added: Apr 30
Changed: Aug 29
Last Checked: Aug 29 at 5:56PM
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 CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
This freestanding flex property contains approximately 5,216 square feet and was built in 1968. The building offers roughly 14-foot clear heights, two drive-in loading doors, and an office suite of approximately 921 square feet. Its I-1 zoning supports industrial use within the recorded land-use designation.
The property occupies a 0.15-acre lot at 4350 Broadway in Denver, Colorado. Its position near the I-25 and I-70 junction provides direct access to the regional highway network. The site is also located within an Enterprise Zone and a Federal HUB Zone, adding defined economic-development designations to the property profile.
The property occupies a 0.15-acre lot at 4350 Broadway in Denver, Colorado. Its position near the I-25 and I-70 junction provides direct access to the regional highway network. The site is also located within an Enterprise Zone and a Federal HUB Zone, adding defined economic-development designations to the property profile.
Key Highlights
- ±5,216 SF freestanding industrial building
- ±14’ clear heights
- Two drive‑in loading doors
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
$53,900
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
3.99%
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%
$1,078,000
$1.1M
Cap Rate 7%
$770,000
$770.0K
Cap Rate 9%
$598,889
$598.9K
Market Conditions
NOI Build-Up for 5,216 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
$68.9K $13.20/SF
− Vacancy
−$5.4K −$1.04/SF
EGI
$63.4K $12.16/SF
− OpEx
−$9.5K −$1.82/SF
NOI
$53.9K $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%
$1,078,000
Cap Rate 7%
$770,000
Cap Rate 9%
$598,889
Alternative Uses
Best Use
Warehouse
$770.0K
$673.8K – $898.3K
NOI $53,900 @ 7.0% cap · market cap 3.99%
Second Best
Flex RnD
$695.1K
$608.2K – $811.0K
NOI $48,659 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,231 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
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?
Flex space - I-1-zoned facility with highway connectivity, loading access, and a dedicated office component.
Where is this flex space located?
The property is located at 4350 Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: ±5,216 SF freestanding industrial building; ±14’ clear heights; Two drive‑in loading doors
