Building Details

Building Size 5,990 SF

Year Built 1954

Construction masonry and metal

Listing Agency: Unique Properties, Inc

Listed By: Brett MacDougall · License #FA.100049630 Show Phone

Source: Uniqueprop

Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 2:37AM

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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 Unique Properties, Inc

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Investment Insights

Based on property information with market context.

This 5,990-square-foot flex property in Denver contains two units and was built in 1954. Masonry and metal construction, a fenced and secured yard, and a mix of dock-high and grade-level loading shape the facility. The building has one dock-high door and five grade-level doors. Three-phase power is listed at 650 amps, subject to verification.

Colorado Boulevard and Vasquez Boulevard provide nearby road access, with I-70 and I-270 also identified as accessible routes. The property is presented for industrial and manufacturing use; no zoning designation is stated.

Key Highlights

• 5,990 square feet configured as two units
• One dock‑high door and five grade‑level doors
• Fenced, secured yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,898

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,237,960 $1.2M

Cap Rate 7%

$884,257 $884.3K

Cap Rate 9%

$687,756 $687.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,990 SF

Gross rent

$79.1K $13.20/SF

− Vacancy

−$6.2K −$1.04/SF

EGI

$72.8K $12.16/SF

− OpEx

−$10.9K −$1.82/SF

NOI

$61.9K $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 Rate 5%

$1,237,960

Cap Rate 7%

$884,257

Cap Rate 9%

$687,756

Alternative Uses

Best Use

Warehouse

$884.3K

$773.7K – $1.03M (±1% cap)

NOI $61,898 @ 7.0% cap · market cap 4.45%

Second Best

Flex RnD

$798.3K

$698.5K – $931.3K (±1% cap)

NOI $55,880 @ 7.0% cap · market cap 4.02%

Theoretical Best

Office A

$1.91M

$1.67M – $2.22M (±1% cap)

NOI $133,478 @ 7.0% cap · market cap 9.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

5

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

449

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

5.8% 2019

6.2% 2020

5.9% 2021

6.6% 2022

7% 2023

7.7% 2024

8.1% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Masonry and metal construction pairs with a secured yard and loading access for industrial operations.

Where is this flex space located?

The property is located at 4947 Colorado Blvd Denver, CO.

What is the asking price?

The asking price for this property is $1,390,000.

What are key features of this property?

This property features: 5,990 square feet configured as two units; One dock‑high door and five grade‑level doors; Fenced, secured yard