Two-Unit Light Industrial
For Sale
Contact for pricing
4396-4398 Broadway, Denver, CO 80216
Single-story industrial building built in 1983, divided into two identical units with two drive-in doors and heavy 3-phase power.
Property Size10,464 SF
Lot Size0.29 Acres
Price / SF$181.57
Days on Market74
Property Features for 4396-4398 Broadway
General Information
Standard status
Active
Size
10,464 SF
Lot size
0.29 Acres
Property subtype
INDUSTRIAL
Zoning
I-A
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Stories
1
Listing Agency:
Dean Callan & Company
(303) 449-1420
Listed By:
Torrey Patterson · License #3697
(303) 514-4559
Source:
Moodyscre
Added: Jun 10
Changed: Aug 16
Last Checked: Aug 21 at 9:59AM
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 Dean Callan & Company
Investment Insights
Based on property information with market context.
4396-4398 Broadway is a single-story light industrial building constructed in 1983 and professionally divided into two separate, identical units. Each unit offers a functional industrial layout, and the property is supported by a 700-amp, 240-volt, 3-phase electrical service (TBV). The site includes surface parking and emphasizes practical access for tenants and deliveries, with two drive-in doors providing straightforward truck loading.
The property is located in Denver’s RiNo (River North) Arts District and benefits from visibility and frontage on Broadway. It sits on a 0.29-acre lot with generous street parking availability, supporting everyday operations and customer/visitor access depending on the use.
From a configuration standpoint, the building’s 5,232-square-foot-by-unit structure is designed for flexibility, allowing either single-tenant occupancy or dual tenancy within the same address.
The property is located in Denver’s RiNo (River North) Arts District and benefits from visibility and frontage on Broadway. It sits on a 0.29-acre lot with generous street parking availability, supporting everyday operations and customer/visitor access depending on the use.
From a configuration standpoint, the building’s 5,232-square-foot-by-unit structure is designed for flexibility, allowing either single-tenant occupancy or dual tenancy within the same address.
Key Highlights
- 10,464 RSF single‑story industrial building built in 1983, professionally divided into two identical 5,232 RSF units
- 0.29‑acre lot with surface parking and abundant street parking
- 700‑amp, 240‑volt, 3‑phase heavy power (TBV) suitable for industrial, manufacturing, creative, or warehouse uses
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
$108,131
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
5.69%
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%
$2,162,620
$2.2M
Cap Rate 7%
$1,544,729
$1.5M
Cap Rate 9%
$1,201,456
$1.2M
Market Conditions
NOI Build-Up for 10,464 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
$138.1K $13.20/SF
− Vacancy
−$10.9K −$1.04/SF
EGI
$127.2K $12.16/SF
− OpEx
−$19.1K −$1.82/SF
NOI
$108.1K $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%
$2,162,620
Cap Rate 7%
$1,544,729
Cap Rate 9%
$1,201,456
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.80M
NOI $108,131 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.89M
NOI $233,175 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story industrial building built in 1983, divided into two identical units with two drive-in doors and heavy 3-phase power.
Where is this warehouse located?
The property is located at 4396-4398 Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,464 RSF single‑story industrial building built in 1983, professionally divided into two identical 5,232 RSF units; 0.29‑acre lot with surface parking and abundant street parking; 700‑amp, 240‑volt, 3‑phase heavy power (TBV) suitable for industrial, manufacturing, creative, or warehouse uses
