Freestanding Flex
For Sale
Contact for pricing
5105 E 39th Ave, Denver, CO 80216
Finished office area, a secured yard, and heavy power support varied commercial operations.
Property Size13,514 SF
Price / SF$173.89
Days on Market212
Property Features for 5105 E 39th Ave
General Information
Standard status
Active
Size
13,514 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
3,514 SF
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Listing Agency:
Colliers - Denver
(720) 833-4612
Listed By:
Tyler Ryon · License #FA.100029794
(720) 833-4612
Source:
Moodyscre
Added: Jan 30
Changed: Aug 29
Last Checked: Aug 29 at 6:16PM
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 Colliers - Denver
Investment Insights
Based on property information with market context.
This freestanding flex-space property contains approximately 3,514 SF of finished office area within a 13,514-square-foot commercial asset. The building includes heavy power service and a secured yard area, providing a combination of office and exterior operational space.
Located at 5105 E 39th Ave in Denver, Colorado, the property is suited to commercial users seeking a standalone facility with dedicated yard access and substantial electrical capacity. Its flex configuration supports office functions alongside space for business operations requiring secure exterior area.
Located at 5105 E 39th Ave in Denver, Colorado, the property is suited to commercial users seeking a standalone facility with dedicated yard access and substantial electrical capacity. Its flex configuration supports office functions alongside space for business operations requiring secure exterior area.
Key Highlights
- 13,514 square feet of total property size
- Approximately 3,514 SF of finished office area
- Secured yard area
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
$126,069
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
5.36%
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%
$2,521,380
$2.5M
Cap Rate 7%
$1,800,986
$1.8M
Cap Rate 9%
$1,400,767
$1.4M
Market Conditions
NOI Build-Up for 13,514 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
$210.8K $15.60/SF
− Vacancy
−$16.9K −$1.25/SF
EGI
$194.0K $14.35/SF
− OpEx
−$67.9K −$5.02/SF
NOI
$126.1K $9.33/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,521,380
Cap Rate 7%
$1,800,986
Cap Rate 9%
$1,400,767
Alternative Uses
Best Use
Flex RnD
$1.80M
$1.58M – $2.10M
NOI $126,069 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,780 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$4.30M
$3.76M – $5.02M
NOI $301,139 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Under-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
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Similar Off Market Nearby
- GoBistro — 3800 E 40th Ave, Denver, CO 80216
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Frequently Asked Questions
What type of property is this?
Flex space - Finished office area, a secured yard, and heavy power support varied commercial operations.
Where is this flex space located?
The property is located at 5105 E 39th Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 13,514 square feet of total property size; Approximately 3,514 SF of finished office area; Secured yard area
