Warehouse with Six Drive-In Dock-High
For Sale
Contact for pricing
5641 Washington St, Denver, CO 80216
Warehouse with six drive-in/dock-high doors, 18’ clearance, mezzanine storage, LED lighting, and a new 2017 roof.
Property Size20,285 SF
Price / SF$221.84
Days on Market292
Property Features for 5641 Washington St
General Information
Standard status
Active
Size
20,285 SF
Property subtype
INDUSTRIAL
Listing Agency:
Unique Properties, Inc.
(720) 513-3937
Listed By:
Phil Yeddis
(303) 619-3603
Source:
Moodyscre
Added: Dec 1, 2025
Changed: Sep 16
Last Checked: Sep 19 at 11:22AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
This warehouse offering includes approximately 20,285 square feet of industrial space with six drive-in/dock-high doors. The facility is set up for storage and operations with 18’ warehouse clearance and large mezzanine storage, along with LED lighting throughout.
The building roof was installed in 2017. Mechanical systems include gas forced-air ceiling units and three rooftop HVAC units.
Exterior and access features include frontage on Washington Street, close access to I-25, I-76, and I-70, a small fenced yard, and approximately 22 parking spaces for employees and visitors.
The building roof was installed in 2017. Mechanical systems include gas forced-air ceiling units and three rooftop HVAC units.
Exterior and access features include frontage on Washington Street, close access to I-25, I-76, and I-70, a small fenced yard, and approximately 22 parking spaces for employees and visitors.
Key Highlights
- Approximately 20,285 SF warehouse building
- Six drive‑in/dock‑high doors
- 18’ warehouse clearance with large mezzanine storage
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
$209,617
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
4.66%
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%
$4,192,340
$4.2M
Cap Rate 7%
$2,994,529
$3.0M
Cap Rate 9%
$2,329,078
$2.3M
Market Conditions
NOI Build-Up for 20,285 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
$267.8K $13.20/SF
− Vacancy
−$21.2K −$1.04/SF
EGI
$246.6K $12.16/SF
− OpEx
−$37.0K −$1.82/SF
NOI
$209.6K $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 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%
$4,192,340
Cap Rate 7%
$2,994,529
Cap Rate 9%
$2,329,078
Alternative Uses
Best Use
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,617 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.46M
$5.65M – $7.53M
NOI $452,021 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Warehouse with six drive-in/dock-high doors, 18’ clearance, mezzanine storage, LED lighting, and a new 2017 roof.
Where is this warehouse located?
The property is located at 5641 Washington St Denver, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 20,285 SF warehouse building; Six drive‑in/dock‑high doors; 18’ warehouse clearance with large mezzanine storage
