Self-Storage Facility Near Light
For Sale
$1,600,000
6890 Lowell Boulevard, Denver, CO 80221
Covered storage property beside Westminster’s light rail station with existing self-storage income.
Property Size11,952 SF
Days on Market239
Property Features for 6890 Lowell Boulevard
General Information
Standard status
Active
Size
11,952 SF
Property subtype
Self Storage
Building Details
Building Size
11,952 SF
Year Built
1965
Listing Agency:
Unique Properties, Inc
Listed By:
Michael DeSantis · License #FA.100053000
(303) 321-5888
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 5
Last Checked: Oct 14 at 7:38PM
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 self-storage facility includes covered land improvements and generates income from existing storage operations. The property was built in 1965 and is located at 6890 Lowell Boulevard in Denver, Colorado.
The site directly adjoins the Westminster light rail station. Adjacent parcels may also be acquired to form a contiguous assemblage of approximately ±3 acres. The property can be annexed into the City of Westminster, where zoning is described as allowing up to ±18 units per acre for potential residential redevelopment.
The site directly adjoins the Westminster light rail station. Adjacent parcels may also be acquired to form a contiguous assemblage of approximately ±3 acres. The property can be annexed into the City of Westminster, where zoning is described as allowing up to ±18 units per acre for potential residential redevelopment.
Key Highlights
- Adjacent to Westminster light rail station
- Existing self‑storage income from covered storage operations
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,507
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,470,140
$2.5M
Cap Rate 7%
$1,764,386
$1.8M
Cap Rate 9%
$1,372,300
$1.4M
Market Conditions
NOI Build-Up for 11,952 SF
Gross rent
$157.8K $13.20/SF
− Vacancy
−$12.5K −$1.04/SF
EGI
$145.3K $12.16/SF
− OpEx
−$21.8K −$1.82/SF
NOI
$123.5K $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%
$2,470,140
Cap Rate 7%
$1,764,386
Cap Rate 9%
$1,372,300
Alternative Uses
Best Use
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,507 @ 7.0% cap · market cap 7.72%
Second Best
Self Storage
$1.58M
$1.39M – $1.85M
NOI $110,838 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,333 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
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.
Frequently Asked Questions
What type of property is this?
Self storage facility - Covered storage property beside Westminster’s light rail station with existing self-storage income.
Where is this self storage facility located?
The property is located at 6890 Lowell Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Adjacent to Westminster light rail station; Existing self‑storage income from covered storage operations; Built in 1965
