Industrial Asset with Outside
For Sale
Contact for pricing
520 North 7th Avenue, Brighton, CO 80601
Four-building industrial asset on 4.61 acres with outside storage.
Property Size23,600 SF
Lot Size4.61 Acres
Price / SF$239.41
Days on Market94
Property Features for 520 North 7th Avenue
General Information
Standard status
Active
Size
23,600 SF
Class
C
Lot size
4.61 Acres
Property subtype
Industrial
Zoning
I-1
Occupancy
86%
Lease Type
NNN
Net Operating Income
$372,599
Building Details
Year Built
1983
Year Renovated
1984
Buildings
4
Units
9
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Alyssa Tomback · License #CO 100087968
Source:
Crexi
Added: May 11
Changed: Aug 8
Last Checked: Aug 8 at 7:23AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This industrial asset comprises four buildings, totaling 23,600 square feet and situated on 4.61 acres. Constructed with metal and masonry, the property includes nine units, averaging 2,500 square feet each. The buildings feature a total of ten drive-in doors. Outside storage is available, providing additional space.
Key Highlights
- Four‑building industrial asset totaling 23,600 square feet.
- Situated on a large 4.61‑acre lot.
- Features ten drive‑in doors across all buildings.
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
$210,422
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
3.72%
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%
$4,208,440
$4.2M
Cap Rate 7%
$3,006,029
$3.0M
Cap Rate 9%
$2,338,022
$2.3M
Market Conditions
NOI Build-Up for 23,600 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
$325.7K $13.80/SF
− Vacancy
−$25.1K −$1.06/SF
EGI
$300.6K $12.74/SF
− OpEx
−$90.2K −$3.82/SF
NOI
$210.4K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$4,208,440
Cap Rate 7%
$3,006,029
Cap Rate 9%
$2,338,022
Alternative Uses
Best Use
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,422 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$4.30M
$3.76M – $5.02M
NOI $301,077 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Four-building industrial asset on 4.61 acres with outside storage.
Where is this industrial property located?
The property is located at 520 North 7th Avenue Brighton, CO.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: Four‑building industrial asset totaling 23,600 square feet.; Situated on a large 4.61‑acre lot.; Features ten drive‑in doors across all buildings.
