Flexible-Occupancy Industrial
For Sale
$6,750,000
4901 Ironton Street, Denver, CO 80239
Industrial warehouse with dock-high and drive-in loading supports owner-user or investor occupancy strategies.
Property Size49,095 SF
Price / SF$135
Days on Market193
Property Features for 4901 Ironton Street
General Information
Standard status
Active
Size
49,095 SF
Property subtype
Warehouse
Occupancy
100%
Net Operating Income
$441,855
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
50,000 SF
Additional Details
Highway Access
Yes
Building Details
Building Size
49,095 SF
Year Built
1969
Tenancy
Multi
Listing Agency:
SVN | Denver Commercial LLC
(303) 937-4492
Listed By:
Jeff Heine
(303) 937-4492
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 11:12PM
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 SVN | Denver Commercial LLC
Investment Insights
Based on property information with market context.
Built in 1969, this industrial warehouse at 4901 Ironton Street offers approximately 50,000 SF with a minimum 22-foot clear height. The building includes both dock-high and drive-in loading, and it is currently occupied by three short-term, month-to-month tenants. Its configuration allows an owner-user to occupy approximately 15,000 SF, 25,000 SF, or the entire facility, while existing occupants may extend their leases.
The property is positioned in Denver’s Montbello submarket, just north of the Havana and I-70 interchange. Access to I-70, I-225, and I-270 connects the facility with downtown Denver, DIA, and the broader Metro Denver area. The property is also located within the Denver Enterprise Zone.
The property is positioned in Denver’s Montbello submarket, just north of the Havana and I-70 interchange. Access to I-70, I-225, and I-270 connects the facility with downtown Denver, DIA, and the broader Metro Denver area. The property is also located within the Denver Enterprise Zone.
Key Highlights
- Approximately 50,000 SF industrial warehouse with a minimum 22' clear height
- Three month‑to‑month tenants currently occupy the building
- Dock‑high and drive‑in loading
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
$548,487
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
8.13%
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%
$10,969,740
$11.0M
Cap Rate 7%
$7,835,529
$7.8M
Cap Rate 9%
$6,094,300
$6.1M
Market Conditions
NOI Build-Up for 50,000 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
$702.0K $14.04/SF
− Vacancy
−$56.7K −$1.13/SF
EGI
$645.3K $12.91/SF
− OpEx
−$96.8K −$1.94/SF
NOI
$548.5K $10.97/SF
Area
ZIP 80239
Vacancy
8.08%
Lease Rate
$14.04 /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%
$10,969,740
Cap Rate 7%
$7,835,529
Cap Rate 9%
$6,094,300
Alternative Uses
Best Use
Warehouse
$7.84M
$6.86M – $9.14M
NOI $548,487 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.09M
$14.08M – $18.77M
NOI $1,126,114 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80239, CO
46,177
Population
13,892
Households
3.3
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
10.3 sq mi
ZIP Area
4,483
Density / Sq Mi
$86,661
Median Household Income
$41,106
Median Earnings
$1,903
Median Rent
$394,500
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 - Industrial warehouse with dock-high and drive-in loading supports owner-user or investor occupancy strategies.
Where is this warehouse located?
The property is located at 4901 Ironton Street Denver, CO.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Approximately 50,000 SF industrial warehouse with a minimum 22' clear height; Three month‑to‑month tenants currently occupy the building; Dock‑high and drive‑in loading
