Decommissioned Industrial Warehouse
For Sale
$5,100,000
5395 E 39th Avenue, Denver, CO 80207
Former grow operation has been decommissioned and cleaned, with substantial open and closed yard areas.
Property Size34,022 SF
Price / SF$149.90
Days on Market216
Property Features for 5395 E 39th Avenue
General Information
Standard status
Active
Size
34,022 SF
Property subtype
Industrial
Zoning
I-A
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Building Details
Building Size
34,022 SF
Year Built
1957
Listing Agency:
Lee & Associates | Denver
Listed By:
Ray Rosado, CCIM · License #CO #FA100-019395
(720) 209-5546
Source:
Lee-associates
Added: Mar 3
Changed: Oct 3
Last Checked: Oct 4 at 7:33AM
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 Lee & Associates | Denver
Investment Insights
Based on property information with market context.
5395 East 39th Avenue is a decommissioned industrial warehouse property formerly used as a grow operation. The building has been opened up and cleaned, and is ready for a new operator.
The property includes two yard areas: a closed yard area and an open yard area, providing a combined outdoor work and storage footprint. It can be sold as a single building totaling 34,022 square feet, or as separately sellable sides as the condo process is already underway.
The site is zoned I-A (Industrial). The property also references substantial power capacity with over 2000 amps and many access points, with easy access to I-70 and Colorado Blvd.
The property includes two yard areas: a closed yard area and an open yard area, providing a combined outdoor work and storage footprint. It can be sold as a single building totaling 34,022 square feet, or as separately sellable sides as the condo process is already underway.
The site is zoned I-A (Industrial). The property also references substantial power capacity with over 2000 amps and many access points, with easy access to I-70 and Colorado Blvd.
Key Highlights
- Former grow operation has been completely decommissioned, opened up, and cleaned and is ready for a new operator
- Two yard areas: 6,400 SF closed yard and 10,000 SF open yard
- Building totals 34,022 SF and can be sold as one building or split for separate condo sale as 11,500 SF and 12,500 SF sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,570
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,031,400
$7.0M
Cap Rate 7%
$5,022,429
$5.0M
Cap Rate 9%
$3,906,333
$3.9M
Market Conditions
NOI Build-Up for 34,022 SF
Gross rent
$449.1K $13.20/SF
− Vacancy
−$35.5K −$1.04/SF
EGI
$413.6K $12.16/SF
− OpEx
−$62.0K −$1.82/SF
NOI
$351.6K $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%
$7,031,400
Cap Rate 7%
$5,022,429
Cap Rate 9%
$3,906,333
Alternative Uses
Best Use
Warehouse
$5.02M
$4.39M – $5.86M
NOI $351,570 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.83M
$9.48M – $12.64M
NOI $758,130 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Well-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
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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?
Warehouse - Former grow operation has been decommissioned and cleaned, with substantial open and closed yard areas.
Where is this warehouse located?
The property is located at 5395 E 39th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Former grow operation has been completely decommissioned, opened up, and cleaned and is ready for a new operator; Two yard areas: 6,400 SF closed yard and 10,000 SF open yard; Building totals 34,022 SF and can be sold as one building or split for separate condo sale as 11,500 SF and 12,500 SF sides
