Multi-Tenant Industrial
For Sale
Contact for pricing
7285 E 96th Ave, Henderson, CO 80640
Four-building, 25-unit industrial property on a fenced, gated 9.23-acre parcel with significant outdoor storage and yard maneuvering.
Property Size57,200 SF
Lot Size9.23 Acres
Price / SF$172.20
Days on Market166
Property Features for 7285 E 96th Ave
General Information
Standard status
Active
Size
57,200 SF
Lot size
9.23 Acres
Property subtype
INDUSTRIAL
Zoning
I-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Tenancy
Multi
Listing Agency:
Goodman Commercial Real Estate, LLC
(720) 440-6270
Listed By:
Mark Goodman, SIOR
(720) 440-6271
Source:
Moodyscre
Added: Mar 24
Changed: Aug 10
Last Checked: Jul 22 at 11:46AM
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, LLC
Investment Insights
Based on property information with market context.
A stabilized, multi-tenant industrial investment opportunity featuring four well-maintained buildings totaling 57,200 square feet and configured with 25 individual shop/warehouse units. The property is situated on a secure 9.23-acre fenced and gated parcel, with an expansive yard designed for outdoor storage and truck/trailer maneuvering. Professionally managed and consistently maintained, the facility is intended to support reliable day-to-day operations across multiple tenants.
The property is zoned I-2 (medium industrial) in unincorporated Adams County, accommodating intensive uses within the industrial zoning framework. Its location in the North Denver/Henderson industrial corridor provides connectivity to major transportation routes, with proximity to I-76 and I-25 and access to the broader Denver metro network.
With a diversified unit layout and substantial secure outdoor area, the asset offers an established configuration for industrial users while supporting continued flexibility under the I-2 zoning designation.
The property is zoned I-2 (medium industrial) in unincorporated Adams County, accommodating intensive uses within the industrial zoning framework. Its location in the North Denver/Henderson industrial corridor provides connectivity to major transportation routes, with proximity to I-76 and I-25 and access to the broader Denver metro network.
With a diversified unit layout and substantial secure outdoor area, the asset offers an established configuration for industrial users while supporting continued flexibility under the I-2 zoning designation.
Key Highlights
- Four‑building, 25‑unit industrial property totaling 57,200 SF on a fenced and gated 9.23‑acre parcel
- Zoned I‑2 (medium industrial) in unincorporated Adams County, supporting intensive industrial activities
- Expansive yard with outdoor storage plus truck/trailer maneuvering 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
Industrial
$9.74M
$8.52M – $11.36M
NOI $681,484 @ 7.0% cap · market cap 6.92%
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Four-building, 25-unit industrial property on a fenced, gated 9.23-acre parcel with significant outdoor storage and yard maneuvering.
Where is this flex space located?
The property is located at 7285 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: Four‑building, 25‑unit industrial property totaling 57,200 SF on a fenced and gated 9.23‑acre parcel; Zoned I‑2 (medium industrial) in unincorporated Adams County, supporting intensive industrial activities; Expansive yard with outdoor storage plus truck/trailer maneuvering space
