Warehouse with 15-Foot Clear
For Sale
Contact for pricing
4600 Monaco St, Denver, CO 80216
Industrial warehouse with office space, sprinkler protection, and I-B zoning in Denver.
Property Size16,858 SF
Lot Size2.07 Acres
Price / SF$219.18
Days on Market13
Property Features for 4600 Monaco St
General Information
Standard status
Active
Size
16,858 SF
Lot size
2.07 Acres
Property subtype
INDUSTRIAL
Zoning
I-B
Warehouse & Industrial
Clear Height
15 ft
Office Build-Out
1,500 SF
Column Spacing
25 x 30 ft
Sprinkler System
Yes
Listing Agency:
CBRE | Denver
(303) 628-1700
Listed By:
Nic Carter · License #100070547
(520) 818-8867
Source:
Moodyscre
Added: Sep 15
Changed: Sep 26
Last Checked: Sep 26 at 10:03AM
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
Investment Insights
Based on property information with market context.
This 16,858-square-foot warehouse property includes approximately 1,500 square feet of office area and offers 15-foot clear height. The building has 25' x 30' column spacing and sprinkler protection, supporting a functional industrial layout.
The property occupies 2.07 acres and is zoned I-B in Denver. Its combination of warehouse area, office space, clear height, and industrial zoning provides a straightforward configuration for commercial operations.
The property occupies 2.07 acres and is zoned I-B in Denver. Its combination of warehouse area, office space, clear height, and industrial zoning provides a straightforward configuration for commercial operations.
Key Highlights
- 16,858‑square‑foot warehouse property
- Approximately 1,500 SF of office space
- 15' clear height
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
$174,204
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
4.71%
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%
$3,484,080
$3.5M
Cap Rate 7%
$2,488,629
$2.5M
Cap Rate 9%
$1,935,600
$1.9M
Market Conditions
NOI Build-Up for 16,858 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
$222.5K $13.20/SF
− Vacancy
−$17.6K −$1.04/SF
EGI
$204.9K $12.16/SF
− OpEx
−$30.7K −$1.82/SF
NOI
$174.2K $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%
$3,484,080
Cap Rate 7%
$2,488,629
Cap Rate 9%
$1,935,600
Alternative Uses
Best Use
Warehouse
$2.49M
$2.18M – $2.90M
NOI $174,204 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.37M
$4.70M – $6.26M
NOI $375,656 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,649
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Industrial warehouse with office space, sprinkler protection, and I-B zoning in Denver.
Where is this warehouse located?
The property is located at 4600 Monaco St Denver, CO.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 16,858‑square‑foot warehouse property; Approximately 1,500 SF of office space; 15' clear height
