End-Unit Warehouse Storage
New
For Sale
$235,000
7152 S Blackhawk Street #B22, Englewood, CO 80112
Commercial condominium with dedicated utilities and approved personal or business use.
Property Size900 SF
Days on Market4
Property Features for 7152 S Blackhawk Street #B22
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Zoning
Commercial Condominium
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$3,138
Amenities
24 hour access
security cameras
2 bathrooms on site
potable water station
RV dump station
mailboxes
onsite trash and recycling
Building Details
Building Size
900 SF
Year Built
2004
Units
1
Listing Agency:
RE/MAX Professionals
(303) 799-9898
Listed By:
Troy Hansford Team
Source:
Coloradopartners
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 24 at 3:50PM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This 2004-built warehouse storage condominium occupies an end unit measuring 44' x 19'4". The space includes a 14x14 overhead door, an independent entry door, a 30 amp RV outlet, shelving, and a workbench. A dedicated furnace serves the unit, with separate metered electric and gas. The property is zoned Commercial Condominium.
Facility amenities include 24-hour access, security cameras, two on-site bathrooms, potable water, an RV dump station, fire sprinklers, mailboxes, and trash and recycling service. The property is positioned for access to E470, the Southeast Metro area, and the Denver Tech Center. The unit may be used for personal or business purposes.
Facility amenities include 24-hour access, security cameras, two on-site bathrooms, potable water, an RV dump station, fire sprinklers, mailboxes, and trash and recycling service. The property is positioned for access to E470, the Southeast Metro area, and the Denver Tech Center. The unit may be used for personal or business purposes.
Key Highlights
- 44' x 19'4" end unit with a 14x14 door
- 30 amp RV outlet, shelving, and workbench included
- Separate metered electric and gas with its own furnace
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
$8,203
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
3.49%
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%
$164,060
$164.1K
Cap Rate 7%
$117,186
$117.2K
Cap Rate 9%
$91,144
$91.1K
Market Conditions
NOI Build-Up for 900 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
$10.4K $11.58/SF
− Vacancy
−$771 −$0.86/SF
EGI
$9.7K $10.72/SF
− OpEx
−$1.4K −$1.61/SF
NOI
$8.2K $9.11/SF
Area
Arapahoe County, CO
Vacancy
7.40%
Lease Rate
$11.58 /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%
$164,060
Cap Rate 7%
$117,186
Cap Rate 9%
$91,144
Alternative Uses
Best Use
Warehouse
$117.2K
$102.5K – $136.7K
NOI $8,203 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.36M
$11.69M – $15.59M
NOI $935,349 @ 7.0% cap · market cap 398.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
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
- Neighborhood RV & Boat Storage — 14205 E Davies Ave, Englewood, CO 80112
- The Garage Den — 7542 S Potomac St, Centennial, CO 80112
- RV Vault Centennial — 7354 S Eagle St, Centennial, CO 80112
- Johnson Logistics — 7009 S Jordan Rd, Centennial, CO 80112
- Extra Space Storage — 13404 E Broncos Pkwy, Centennial, CO 80112
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial condominium with dedicated utilities and approved personal or business use.
Where is this warehouse located?
The property is located at 7152 S Blackhawk Street #B22 Englewood, CO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 44' x 19'4" end unit with a 14x14 door; 30 amp RV outlet, shelving, and workbench included; Separate metered electric and gas with its own furnace
