Multi-Tenant Industrial
For Sale
$1,750,000
644 N 7th Ave, Brighton, CO 80601
Metal industrial facility with multiple occupants, drive-in access, and additional outdoor storage capacity.
Property Size10,000 SF
Lot Size1.14 Acres
Price / SF$175
Days on Market51
Property Features for 644 N 7th Ave
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.14 Acres
Property subtype
Warehouse
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Cap Rate
7.17%
Drive-In Doors
5
Amenities
100% Occupied Small-Bay Industrial Property
2,000 Square Feet Average Unit Size
Short-Term Leases with Below-Market Rents
Excess Yard Space for Outside Storage
Building Details
Building Size
10,000 SF
Year Built
1997
Construction
metal
Tenancy
Multi
Listing Agency:
Denver Office
(303) 328-2016
Listed By:
Alyssa Tomback · License #License(s): CO: FA.100087968
(303) 328-2016
Source:
Marcusmillichap
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 2:34PM
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 Denver Office
Investment Insights
Based on property information with market context.
This 10,000-square-foot industrial property occupies 1.14 acres and uses metal construction. The multi-tenant layout includes five drive-in doors, while exterior storage areas provide additional room for equipment and supplies. The property was built in 1997 and is fully occupied, with several tenants operating under short-term leases. Yard space is also available for lease, and the buildings may be acquired individually.
The property fronts U.S. Route 85 in Brighton, providing direct access for tenants and customers. It is positioned within the Denver International Airport submarket, where comparable industrial properties under 25,000 square feet have a reported 1.1% vacancy rate. Several existing leases are below market rates, creating an opportunity to reposition current tenancy over time.
The property fronts U.S. Route 85 in Brighton, providing direct access for tenants and customers. It is positioned within the Denver International Airport submarket, where comparable industrial properties under 25,000 square feet have a reported 1.1% vacancy rate. Several existing leases are below market rates, creating an opportunity to reposition current tenancy over time.
Key Highlights
- 10,000 square feet on 1.14 acres
- Five drive‑in doors and metal construction
- Multi‑tenant industrial property built in 1997
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
$111,548
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
6.37%
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%
$2,230,960
$2.2M
Cap Rate 7%
$1,593,543
$1.6M
Cap Rate 9%
$1,239,422
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$142.8K $14.28/SF
− Vacancy
−$11.6K −$1.16/SF
EGI
$131.2K $13.12/SF
− OpEx
−$19.7K −$1.97/SF
NOI
$111.5K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /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%
$2,230,960
Cap Rate 7%
$1,593,543
Cap Rate 9%
$1,239,422
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,548 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.82M
$1.59M – $2.13M
NOI $127,575 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Almalgamated Sugar — 701 N Main St, Brighton, CO 80601
- Great Western storage Brighton Colorado 80601 — 12700 E 168th Ave, Brighton, CO 80601
- Life Storage — 850 Baseline Rd, Brighton, CO 80601
- Baseline Storage — 109 Co Rd 27, Brighton, CO 80603
- RMS Storage — 12840 county rd 2 1/2, brighton, co 80601
Frequently Asked Questions
What type of property is this?
Warehouse - Metal industrial facility with multiple occupants, drive-in access, and additional outdoor storage capacity.
Where is this warehouse located?
The property is located at 644 N 7th Ave Brighton, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 10,000 square feet on 1.14 acres; Five drive‑in doors and metal construction; Multi‑tenant industrial property built in 1997
