Decommissioned Industrial Flex
For Sale
Contact for pricing
5395 East 39th Avenue, Denver, CO 80207
Industrial building with decommissioned infrastructure, 2-sided yard options, and 2,000+ amps, ready for a new operator.
Property Size34,660 SF
Price / SF$147.14
Days on Market117
Property Features for 5395 East 39th Avenue
General Information
Standard status
Active
Size
34,660 SF
Class
B
Property subtype
Industrial
Zoning
1-A
Site & Location
Neighborhood
Northeast Park Hill
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
1957
Year Renovated
2014
Buildings
1
Stories
1
Units
1
Listing Agency:
Lee & Associates - Denver
Listed By:
Raymond Rosado · License #FA100-019395
Source:
Crexi
Added: Jul 1
Changed: Oct 25
Last Checked: Oct 24 at 5:00PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
5395 E 39th Avenue is a former grow operation that has been completely and properly decommissioned. The building has been opened up and cleaned, and is ready for a new operator. The property includes two yard areas: a 6,400 SF closed yard and a 10,000 SF open yard.
The site offers easy access to I-70 and Colorado Blvd and is in a zoning district designated I-A (Industrial). It is also described as being approximately 20 minutes from Denver International Airport and about 15 minutes from downtown Denver.
The building can be sold as a single industrial asset or configured for separate sale as a property ready to condo, with the process already begun. Per the provided information, one side would be approximately 11,500 SF and the other approximately 12,500 SF. The site is described as having over 2,000 amps, many access points, and an extensive amount of yard space.
The site offers easy access to I-70 and Colorado Blvd and is in a zoning district designated I-A (Industrial). It is also described as being approximately 20 minutes from Denver International Airport and about 15 minutes from downtown Denver.
The building can be sold as a single industrial asset or configured for separate sale as a property ready to condo, with the process already begun. Per the provided information, one side would be approximately 11,500 SF and the other approximately 12,500 SF. The site is described as having over 2,000 amps, many access points, and an extensive amount of yard space.
Key Highlights
- Former grow operation has been completely and properly decommissioned; building is opened up, cleaned, and ready for a new operator
- Two‑sided yard setup: 6,400 SF closed yard and 10,000 SF open yard
- Can be sold as one 34,022 SF building or as condo‑ready sides with 11,500 SF and 12,500 SF (process already begun)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$358,163
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,163,260
$7.2M
Cap Rate 7%
$5,116,614
$5.1M
Cap Rate 9%
$3,979,589
$4.0M
Market Conditions
NOI Build-Up for 34,660 SF
Gross rent
$457.5K $13.20/SF
− Vacancy
−$36.1K −$1.04/SF
EGI
$421.4K $12.16/SF
− OpEx
−$63.2K −$1.82/SF
NOI
$358.2K $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%
$7,163,260
Cap Rate 7%
$5,116,614
Cap Rate 9%
$3,979,589
Alternative Uses
Best Use
Warehouse
$5.12M
$4.48M – $5.97M
NOI $358,163 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.03M
$9.65M – $12.87M
NOI $772,347 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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 - Industrial building with decommissioned infrastructure, 2-sided yard options, and 2,000+ amps, ready for a new operator.
Where is this warehouse located?
The property is located at 5395 East 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 and properly decommissioned; building is opened up, cleaned, and ready for a new operator; Two‑sided yard setup: 6,400 SF closed yard and 10,000 SF open yard; Can be sold as one 34,022 SF building or as condo‑ready sides with 11,500 SF and 12,500 SF (process already begun)
