Industrial Warehouse with
For Sale
Contact for pricing
790 East 51st Avenue, Denver, CO 80216
Warehouse property with a substantial outdoor yard component and I-A zoning.
Property Size12,541 SF
Price / SF$235.23
Days on Market90
Property Features for 790 East 51st Avenue
General Information
Standard status
Active
Size
12,541 SF
Class
C
Property subtype
Industrial, Land
Zoning
I-A
Additional Details
Outdoor Storage
Yes
Warehouse Space
12,541 SF
Building Details
Year Built
1956
Building Size
12,541 SF
Listing Agency:
CBRE - Denver Downtown
Listed By:
Tyler Carner · License #CO FA.040041916
(303) 264-1903
Source:
Crexi
Added: Jun 5
Changed: Sep 2
Last Checked: Sep 1 at 2:31AM
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 CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
This warehouse property contains 12,541 square feet of industrial space and includes an outdoor yard spanning 0.8 acres. The building was constructed in 1956 and is identified under I-A zoning.
The property is located at 790 East 51st Avenue in Denver, Colorado 80216, providing a defined address for industrial operations or warehouse-related use.
The property is located at 790 East 51st Avenue in Denver, Colorado 80216, providing a defined address for industrial operations or warehouse-related use.
Key Highlights
- 12,541 SF industrial warehouse
- 0.8‑acre outdoor yard
- I‑A zoning
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
$129,594
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
4.39%
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%
$2,591,880
$2.6M
Cap Rate 7%
$1,851,343
$1.9M
Cap Rate 9%
$1,439,933
$1.4M
Market Conditions
NOI Build-Up for 12,541 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
$165.5K $13.20/SF
− Vacancy
−$13.1K −$1.04/SF
EGI
$152.5K $12.16/SF
− OpEx
−$22.9K −$1.82/SF
NOI
$129.6K $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%
$2,591,880
Cap Rate 7%
$1,851,343
Cap Rate 9%
$1,439,933
Alternative Uses
Best Use
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,594 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,458 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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- C's Self Storage — E 54th Ave, Denver, CO 80216
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with a substantial outdoor yard component and I-A zoning.
Where is this warehouse located?
The property is located at 790 East 51st Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 12,541 SF industrial warehouse; 0.8‑acre outdoor yard; I‑A zoning
