Industrial Truck Maintenance
For Sale
Contact for pricing
5245 E 69th Ave, Commerce City, CO 80022
18,400 SF industrial facility with large yard.
Property Size18,400 SF
Lot Size2.00 Acres
Price / SF$269.02
Days on Market184
Property Features for 5245 E 69th Ave
General Information
Standard status
Active
Size
18,400 SF
Class
B
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
I-2
Building Details
Year Built
1987
Listing Agency:
Colliers
(303) 888-4476
Listed By:
Kristjan Danis · License #CO FA.100087888
Source:
Crexi
Added: Feb 18
Changed: Aug 12
Last Checked: Aug 21 at 8:14AM
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
Investment Insights
Based on property information with market context.
The property at 5245 E 69th Ave in Commerce City, Colorado, is an industrial truck maintenance facility encompassing approximately 18,400 square feet. Constructed in 1987, the building is situated on roughly 2.0 acres and is zoned I-2 (Medium/Heavy Industrial). The property features a large fenced and partially paved yard suitable for outdoor storage and heavy vehicle parking. The building incorporates approximately 1,840 square feet of office space and additional mezzanine storage. It is equipped with nine oversized drive-in doors, each approximately 12 feet by 16 feet, and has 120/208V 3-phase power. Ample on-site parking is available. The site provides access to I-76, I-270, I-70, and Denver International Airport. This positioning makes it suitable for logistics, service, and distribution purposes. The property is appealing to both owner-users and investors seeking functional industrial space with a yard in the Commerce City infill market.
Key Highlights
- Large fenced and partially paved yard ideal for outdoor storage and heavy vehicle parking.
- Excellent access to I‑76, I‑270, I‑70, and Denver International Airport.
- Approximately 18,400‑square‑foot industrial truck maintenance facility.
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
$266,194
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
5.38%
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%
$5,323,880
$5.3M
Cap Rate 7%
$3,802,771
$3.8M
Cap Rate 9%
$2,957,711
$3.0M
Market Conditions
NOI Build-Up for 18,400 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
$340.0K $18.48/SF
− Vacancy
−$26.9K −$1.46/SF
EGI
$313.2K $17.02/SF
− OpEx
−$47.0K −$2.55/SF
NOI
$266.2K $14.47/SF
Area
Adams County, CO
Vacancy
7.90%
Lease Rate
$18.48 /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%
$5,323,880
Cap Rate 7%
$3,802,771
Cap Rate 9%
$2,957,711
Alternative Uses
Best Use
Warehouse
$3.80M
$3.33M – $4.44M
NOI $266,194 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$3.13M
$2.74M – $3.65M
NOI $219,219 @ 7.0% cap · market cap 4.43%
Theoretical Best
Multifamily LT 5
$270.72M
$236.88M – $315.84M
NOI $18,950,408 @ 7.0% cap · market cap 382.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
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?
Truck terminal - 18,400 SF industrial facility with large yard.
Where is this truck terminal located?
The property is located at 5245 E 69th Ave Commerce City, CO.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Large fenced and partially paved yard ideal for outdoor storage and heavy vehicle parking.; Excellent access to I‑76, I‑270, I‑70, and Denver International Airport.; Approximately 18,400‑square‑foot industrial truck maintenance facility.
