Corner Flex Space with Enclosed
For Sale
Contact for pricing
5135 East 38th Avenue, Denver, CO 80207
Industrial layout includes warehouse, shop, and private office areas.
Property Size9,127 SF
Price / SF$250.90
Days on Market160
Property Features for 5135 East 38th Avenue
General Information
Standard status
Active
Size
9,127 SF
Class
C
Property subtype
Industrial
Zoning
I-MX-3
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1963
Year Renovated
1995
Stories
1
Tenancy
Single
Listing Agency:
St. Charles Town Company
Listed By:
David Leuthold · License #CO FA40014478
(720) 598-1300
Source:
Crexi
Added: May 8
Changed: Oct 11
Last Checked: Oct 12 at 8:37PM
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 St. Charles Town Company
Investment Insights
Based on property information with market context.
This 9,127-square-foot flex property occupies a 0.56-acre corner lot and combines clear-span warehouse space with active shop areas and private offices. Multiple drive-in loading doors support industrial operations, while the secure enclosed yard adds dedicated outdoor capacity. Built in 1963, the facility is zoned I-MX-3.
The property is located at 5135 East 38th Avenue in Denver, with access to I-70 minutes away. I-MX-3 zoning supports current industrial operations and provides for the option of future three-story mixed-use development. The address is also surrounded by neighborhood amenities, adding convenience for ongoing operations.
The property is located at 5135 East 38th Avenue in Denver, with access to I-70 minutes away. I-MX-3 zoning supports current industrial operations and provides for the option of future three-story mixed-use development. The address is also surrounded by neighborhood amenities, adding convenience for ongoing operations.
Key Highlights
- 9,127 SF industrial facility on a 0.56‑acre corner lot
- Clear‑span warehouse space, active shop areas, and private offices
- Multiple drive‑in loading doors for industrial access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,315
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,300
$1.9M
Cap Rate 7%
$1,347,357
$1.3M
Cap Rate 9%
$1,047,944
$1.0M
Market Conditions
NOI Build-Up for 9,127 SF
Gross rent
$120.5K $13.20/SF
− Vacancy
−$9.5K −$1.04/SF
EGI
$111.0K $12.16/SF
− OpEx
−$16.6K −$1.82/SF
NOI
$94.3K $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%
$1,886,300
Cap Rate 7%
$1,347,357
Cap Rate 9%
$1,047,944
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,315 @ 7.0% cap · market cap 4.12%
Second Best
Flex RnD
$1.22M
$1.06M – $1.42M
NOI $85,144 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,382 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80207, CO
21,170
Population
9,291
Households
2.3
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,428
Density / Sq Mi
$112,325
Median Household Income
$71,163
Median Earnings
$1,819
Median Rent
$661,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial layout includes warehouse, shop, and private office areas.
Where is this flex space located?
The property is located at 5135 East 38th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 9,127 SF industrial facility on a 0.56‑acre corner lot; Clear‑span warehouse space, active shop areas, and private offices; Multiple drive‑in loading doors for industrial access
