Flex Space with Dock
For Sale
Contact for pricing
790 Umatilla St, Denver, CO 80204
Industrial flex property combining warehouse, production, and office areas with substantial power and loading capabilities.
Property Size31,856 SF
Lot Size1.32 Acres
Price / SF$226.02
Days on Market14
Property Features for 790 Umatilla St
General Information
Standard status
Active
Size
31,856 SF
Total Parking Spaces
50
Lot size
1.32 Acres
Property subtype
Industrial
Zoning
I-A
Lease Type
Gross
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
3
Drive-In Doors
2
Power
1,600 amps
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1973
Buildings
1
Tenancy
Multi
Building Size
31,856 SF
Listing Agency:
Malman Real Estate
Listed By:
Jeff Geman · License #FA100107080
Source:
Crexi
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 10:04PM
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 Malman Real Estate
Investment Insights
Based on property information with market context.
This 31,856-square-foot flex property, built in 1973, combines warehouse, production, and office areas on approximately 1.32 acres. The building provides 20-foot clear heights, three dock-high doors, two drive-in doors, 1,600-amp three-phase power, access for 53-foot trailers, and approximately 50 parking spaces. Building improvements include a newer roof, upgraded HVAC systems, LED lighting, compressed-air distribution, high-speed fiber service, security systems, and a major sewer replacement. The property is zoned I-A.
The site at 790 Umatilla Street is approximately 2.5 miles from Downtown Denver and immediately adjacent to the historic Burnham Yard area. The Denver Broncos have identified Burnham Yard as the preferred location for a proposed retractable-roof stadium and mixed-use district. Proposed plans also include residential, commercial, entertainment, hospitality, public spaces, expanded transit connections, and a Colorado Connector passenger rail stop near the property.
The site at 790 Umatilla Street is approximately 2.5 miles from Downtown Denver and immediately adjacent to the historic Burnham Yard area. The Denver Broncos have identified Burnham Yard as the preferred location for a proposed retractable-roof stadium and mixed-use district. Proposed plans also include residential, commercial, entertainment, hospitality, public spaces, expanded transit connections, and a Colorado Connector passenger rail stop near the property.
Key Highlights
- 31,856‑square‑foot flex building on approximately 1.32 acres
- 20‑foot clear heights with three dock‑high doors and two drive‑in doors
- 1,600‑amp three‑phase power and access for 53‑foot trailers
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
$329,188
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
4.57%
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%
$6,583,760
$6.6M
Cap Rate 7%
$4,702,686
$4.7M
Cap Rate 9%
$3,657,644
$3.7M
Market Conditions
NOI Build-Up for 31,856 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
$420.5K $13.20/SF
− Vacancy
−$33.2K −$1.04/SF
EGI
$387.3K $12.16/SF
− OpEx
−$58.1K −$1.82/SF
NOI
$329.2K $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%
$6,583,760
Cap Rate 7%
$4,702,686
Cap Rate 9%
$3,657,644
Alternative Uses
Best Use
Warehouse
$4.70M
$4.11M – $5.49M
NOI $329,188 @ 7.0% cap · market cap 4.57%
Second Best
Flex RnD
$4.25M
$3.71M – $4.95M
NOI $297,178 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$10.14M
$8.87M – $11.83M
NOI $709,864 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
3
Dock-high doors
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combining warehouse, production, and office areas with substantial power and loading capabilities.
Where is this flex space located?
The property is located at 790 Umatilla St Denver, CO.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 31,856‑square‑foot flex building on approximately 1.32 acres; 20‑foot clear heights with three dock‑high doors and two drive‑in doors; 1,600‑amp three‑phase power and access for 53‑foot trailers
