Fenced Storage Yard
For Sale
Contact for pricing
4455 46th Ave, Denver, CO 80216
Warehouse with a fenced storage yard and fire sprinkler system, offering I-70 frontage in a designated zone.
Property Size24,975 SF
Price / SF$131.13
Days on Market151
Property Features for 4455 46th Ave
General Information
Standard status
Active
Size
24,975 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Opportunity Zone
Yes
Listing Agency:
Gruber Commercial RE Services
(720) 320-0366
Listed By:
Steve Fletcher
(720) 320-0366
Source:
Moodyscre
Added: Mar 27
Changed: Aug 12
Last Checked: Aug 24 at 1:20PM
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 Gruber Commercial RE Services
Investment Insights
Based on property information with market context.
This property features a fenced storage yard along with a fire sprinkler system. The warehouse is also described as having heavy electrical capacity, listed as 800 amp, 3-phase power, to be verified.
The site is located with I-70 frontage and is situated in an Opportunity Zone and an Enterprise Zone. Public remarks also indicate the property is below the Energize Denver benchmarking size threshold.
Information provided does not specify the warehouse layout, office improvements, or other building features beyond the fenced yard, fire sprinklers, and noted electrical service. The offering is presented as a for-sale transaction.
The site is located with I-70 frontage and is situated in an Opportunity Zone and an Enterprise Zone. Public remarks also indicate the property is below the Energize Denver benchmarking size threshold.
Information provided does not specify the warehouse layout, office improvements, or other building features beyond the fenced yard, fire sprinklers, and noted electrical service. The offering is presented as a for-sale transaction.
Key Highlights
- Fenced storage yard on‑site
- Warehouse with fire sprinkler system
- I‑70 frontage
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
$258,082
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
7.88%
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%
$5,161,640
$5.2M
Cap Rate 7%
$3,686,886
$3.7M
Cap Rate 9%
$2,867,578
$2.9M
Market Conditions
NOI Build-Up for 24,975 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
$329.7K $13.20/SF
− Vacancy
−$26.0K −$1.04/SF
EGI
$303.6K $12.16/SF
− OpEx
−$45.5K −$1.82/SF
NOI
$258.1K $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%
$5,161,640
Cap Rate 7%
$3,686,886
Cap Rate 9%
$2,867,578
Alternative Uses
Best Use
Warehouse
$3.69M
$3.23M – $4.30M
NOI $258,082 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.95M
$6.96M – $9.28M
NOI $556,531 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
562
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
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 - Warehouse with a fenced storage yard and fire sprinkler system, offering I-70 frontage in a designated zone.
Where is this warehouse located?
The property is located at 4455 46th Ave Denver, CO.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: Fenced storage yard on‑site; Warehouse with fire sprinkler system; I‑70 frontage
