Single-Tenant
For Sale
$2,599,000
755 S Jason St, Denver, CO 80223
Masonry warehouse with heavy three-phase power, dock access, and flexible post-sale occupancy options.
Property Size15,246 SF
Lot Size0.46 Acres
Price / SF$170.47
Days on Market152
Property Features for 755 S Jason St
General Information
Standard status
Active
Size
15,246 SF
Total Parking Spaces
8
Lot size
0.46 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
15,246 SF
Dock-High Doors
2
Drive-In Doors
1
Rail Access
Yes
Power
400 amps
Voltage
240 V
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
Single-Tenant 15,246-Square-Foot Warehouse Situated on 0.46 Acres
Featuring 12' Clear Height, Three-Phase Power, Two Dock Doors, and One Grade Door
Vacant Upon Sale, Allowing for Owner Use or Lease-Up Investment Opportunity
Located in Close Proximity to I-25, U.S. 85, and Downtown Denver
Well-Positioned in Original Industrial Hub with Limited Inventory
Building Details
Building Size
15,246 SF
Year Built
1963
Construction
masonry
Tenancy
Single
Listing Agency:
Denver Office
(303) 328-2037
Listed By:
Thimy Moraitis · License #CO: FA100088159
(303) 328-2037
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 8:32PM
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 15,246-square-foot warehouse occupies 0.46 acres and was built in 1963. The masonry building offers a 12-foot clear height, two dock-high doors, one grade-level door, and eight parking spaces. Electrical service includes three-phase heavy power rated at 400 amps and 240 volts.
The property fronts the BNSF rail line and is located at 755 S Jason St in Denver. Interstate 25 is 1.6 miles away, South Platte River Drive is 0.7 miles away, and Downtown Denver is 3.8 miles away. South Platte River Drive connects to South Santa Fe Drive, also designated U.S. Route 85.
The existing single-tenant occupancy will end upon sale, creating an owner-use or lease-up opportunity. The property is positioned within Denver’s Upper South Central industrial submarket.
The property fronts the BNSF rail line and is located at 755 S Jason St in Denver. Interstate 25 is 1.6 miles away, South Platte River Drive is 0.7 miles away, and Downtown Denver is 3.8 miles away. South Platte River Drive connects to South Santa Fe Drive, also designated U.S. Route 85.
The existing single-tenant occupancy will end upon sale, creating an owner-use or lease-up opportunity. The property is positioned within Denver’s Upper South Central industrial submarket.
Key Highlights
- 15,246‑square‑foot warehouse on 0.46 acres
- 12’ clear height with two dock‑high doors and one grade‑level door
- Three‑phase heavy power with 400 amps and 240 volts
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
$157,546
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
6.06%
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%
$3,150,920
$3.2M
Cap Rate 7%
$2,250,657
$2.3M
Cap Rate 9%
$1,750,511
$1.8M
Market Conditions
NOI Build-Up for 15,246 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
$201.2K $13.20/SF
− Vacancy
−$15.9K −$1.04/SF
EGI
$185.3K $12.16/SF
− OpEx
−$27.8K −$1.82/SF
NOI
$157.5K $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 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%
$3,150,920
Cap Rate 7%
$2,250,657
Cap Rate 9%
$1,750,511
Alternative Uses
Best Use
Warehouse
$2.25M
$1.97M – $2.63M
NOI $157,546 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.25M – $5.66M
NOI $339,735 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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.
Similar Off Market Nearby
- Public Storage — 400 W Center Ave, Denver, CO 80223
- JackOram Storage Facility — 268 S Broadway, Denver, CO 80209
Frequently Asked Questions
What type of property is this?
Warehouse - Masonry warehouse with heavy three-phase power, dock access, and flexible post-sale occupancy options.
Where is this warehouse located?
The property is located at 755 S Jason St Denver, CO.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 15,246‑square‑foot warehouse on 0.46 acres; 12’ clear height with two dock‑high doors and one grade‑level door; Three‑phase heavy power with 400 amps and 240 volts
