Warehouse with Fenced
For Sale
$3,999,000
5501 Pearl Street, Denver, CO 80216
Office and warehouse improvements offer a fenced outdoor storage area, ample parking, and three-phase electrical service.
Property Size20,920 SF
Lot Size1.33 Acres
Price / SF$191.16
Days on Market196
Property Features for 5501 Pearl Street
General Information
Standard status
Active
Size
20,920 SF
Lot size
1.33 Acres
Property subtype
Warehouse
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Power
400 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Building Size
20,920 SF
Year Built
1969
Properties For Sale
at 5501 Pearl Street Contact us- Size
- 57,934 SF
- Lease Type
- NNN
Denver, CO 80216
Listing Agency:
Antonoff & Co. Brokerage, Inc.
Listed By:
Louis Lee · License ##EA000328361
(303) 454-5428
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 8:46PM
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 Antonoff & Co. Brokerage, Inc.
Investment Insights
Based on property information with market context.
This warehouse property combines 20,920 SF of office and warehouse space with a 1.33-acre site. The improvements date to 1969 and include 400 AMP, 480V, 3 Phase electrical service, ample parking, and a fenced yard. Storage units are also available.
The property is designated under I-1 zoning and falls within the Adams County Enterprise Zone. Regional access includes connections to I-70, I-25, and I-76, supporting movement throughout the area. The fenced outdoor area and electrical capacity provide useful infrastructure for warehouse and industrial operations.
The property is designated under I-1 zoning and falls within the Adams County Enterprise Zone. Regional access includes connections to I-70, I-25, and I-76, supporting movement throughout the area. The fenced outdoor area and electrical capacity provide useful infrastructure for warehouse and industrial operations.
Key Highlights
- 20,920 SF of office and warehouse space
- 1.33‑acre site with fenced yard
- 400 AMP/480V/ 3 Phase electrical service
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
$216,179
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
5.41%
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%
$4,323,580
$4.3M
Cap Rate 7%
$3,088,271
$3.1M
Cap Rate 9%
$2,401,989
$2.4M
Market Conditions
NOI Build-Up for 20,920 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
$276.1K $13.20/SF
− Vacancy
−$21.8K −$1.04/SF
EGI
$254.3K $12.16/SF
− OpEx
−$38.1K −$1.82/SF
NOI
$216.2K $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 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%
$4,323,580
Cap Rate 7%
$3,088,271
Cap Rate 9%
$2,401,989
Alternative Uses
Best Use
Warehouse
$3.09M
$2.70M – $3.60M
NOI $216,179 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.83M – $7.77M
NOI $466,171 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Two Men With Big Hearts Moving And Storage — 5203 Lincoln St, Denver, CO 80216
- Crossroads Commerce Park — E 55th Ave, Denver, CO 80216
- C's Self Storage — E 54th Ave, Denver, CO 80216
- Anderson Industrial Park — E 54th Ave, Denver, CO 80216
- G & S Storage — 350 E 57th Ave, Denver, CO 80216
Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse improvements offer a fenced outdoor storage area, ample parking, and three-phase electrical service.
Where is this warehouse located?
The property is located at 5501 Pearl Street Denver, CO.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 20,920 SF of office and warehouse space; 1.33‑acre site with fenced yard; 400 AMP/480V/ 3 Phase electrical service
