Industrial Warehouse
For Sale
Contact for pricing
7273 E 96th Ave, Henderson, CO 80640
Industrial warehouse property offered for sale with 57,200 square feet of space.
Property Size57,200 SF
Price / SF$172.20
Days on Market168
Property Features for 7273 E 96th Ave
General Information
Standard status
Active
Size
57,200 SF
Property subtype
Industrial, Land
Zoning
I-2
Lease Type
Gross
Building Details
Year Built
1987
Buildings
4
Units
25
Tenancy
Multi
Listing Agency:
Goodman Commercial Real Estate
Listed By:
Drew Goodman · License #CO FA100053648
(720) 457-6324
Source:
Crexi
Added: Mar 24
Changed: Sep 6
Last Checked: Sep 6 at 11:25PM
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 Goodman Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial warehouse facility is offered for sale and includes approximately 57,200 square feet of space. The property is marketed as industrial/warehouse real estate.
The asset is located at 7273 E 96th Ave in Henderson, Colorado.
As listed, the offering is a single industrial warehouse property with a total building size of 57,200 square feet.
The asset is located at 7273 E 96th Ave in Henderson, Colorado.
As listed, the offering is a single industrial warehouse property with a total building size of 57,200 square feet.
Key Highlights
- Industrial warehouse building built in 1987
- 57,200 sq ft industrial warehouse space
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
$827,516
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
8.40%
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%
$16,550,320
$16.6M
Cap Rate 7%
$11,821,657
$11.8M
Cap Rate 9%
$9,194,622
$9.2M
Market Conditions
NOI Build-Up for 57,200 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
$1.06M $18.48/SF
− Vacancy
−$83.5K −$1.46/SF
EGI
$973.5K $17.02/SF
− OpEx
−$146.0K −$2.55/SF
NOI
$827.5K $14.47/SF
Area
Adams County, CO
Vacancy
7.90%
Lease Rate
$18.48 /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%
$16,550,320
Cap Rate 7%
$11,821,657
Cap Rate 9%
$9,194,622
Alternative Uses
Best Use
Warehouse
$11.82M
$10.34M – $13.79M
NOI $827,516 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$841.59M
$736.39M – $981.85M
NOI $58,911,052 @ 7.0% cap · market cap 598.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80640, CO
13,106
Population
4,889
Households
2.7
Avg Household Size
33
Median Age
26%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
1,008
Density / Sq Mi
$111,145
Median Household Income
$58,417
Median Earnings
$2,138
Median Rent
$464,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property offered for sale with 57,200 square feet of space.
Where is this warehouse located?
The property is located at 7273 E 96th Ave Henderson, CO.
What is the asking price?
The asking price for this property is $9,850,000.
What are key features of this property?
This property features: Industrial warehouse building built in 1987; 57,200 sq ft industrial warehouse space
