Industrial Building with Dual
For Sale
Contact for pricing
4396-4398 Broadway Street, Denver, CO 80216
Two separate industrial units in a 1983-built building with robust 700-amp, 3-phase power and on-site parking.
Property Size10,464 SF
Lot Size0.29 Acres
Price / SF$181.57
Days on Market73
Property Features for 4396-4398 Broadway Street
General Information
Standard status
Active
Size
10,464 SF
Total Parking Spaces
4
Lot size
0.29 Acres
Property subtype
Industrial
Zoning
I-A (Light Industrial)
Investment Type
Owner/User
Additional Details
Heavy Power
Yes
Office Units
2
Building Details
Year Built
1983
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Dean Callan & Company Inc
(303) 449-1420
Listed By:
Brit Banks · License #3697
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 21 at 11:57AM
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 Inc
Investment Insights
Based on property information with market context.
4396-4398 Broadway Street is a 1983 industrial building totaling 10,464 RSF, configured as two separate 5,232 RSF units. The property is situated on a 0.29-acre lot and includes surface parking, along with abundant street parking for visitors and employees. Electrical service is robust, featuring 700-amp, 240-volt, 3-phase power suited to a range of light industrial and service uses.
Located in Denver’s RiNo area, the building is positioned within a surrounding mix of historic warehouses and factories that have been adapted to neighborhood uses including jazz bars, restaurants, brewpubs, art galleries, and creative studios. The property’s urban industrial setting supports day-to-day access for local operations and deliveries.
For owner-occupants, the dual-unit layout can provide flexibility to occupy one side while leasing the other. For investors, the clear separation into two units offers multiple tenancy options within a single ownership structure, while the dedicated power capacity and parking support practical operating needs for industrial tenants.
Located in Denver’s RiNo area, the building is positioned within a surrounding mix of historic warehouses and factories that have been adapted to neighborhood uses including jazz bars, restaurants, brewpubs, art galleries, and creative studios. The property’s urban industrial setting supports day-to-day access for local operations and deliveries.
For owner-occupants, the dual-unit layout can provide flexibility to occupy one side while leasing the other. For investors, the clear separation into two units offers multiple tenancy options within a single ownership structure, while the dedicated power capacity and parking support practical operating needs for industrial tenants.
Key Highlights
- 10,464 RSF industrial building built in 1983, split into two separate 5,232 RSF units for single or dual tenancy
- Robust 700‑amp, 240‑volt, 3‑phase power
- On a 0.29‑acre lot with surface parking plus abundant street parking
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
Property Profile
Current Use
Lease Details
2
Office units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
447
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Two separate industrial units in a 1983-built building with robust 700-amp, 3-phase power and on-site parking.
Where is this warehouse located?
The property is located at 4396-4398 Broadway Street 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 industrial building built in 1983, split into two separate 5,232 RSF units for single or dual tenancy; Robust 700‑amp, 240‑volt, 3‑phase power; On a 0.29‑acre lot with surface parking plus abundant street parking
