Two-Unit Flex
80 E 64th Avenue, Denver, CO 80221
For Sale
New
$1,100,000
Approximately 80% of the interior is configured for warehouse use, alongside refreshed office space.
Property Size4,800 SF
Price / SF$229.17
Days on Market2
Property Features for 80 E 64th Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Outdoor Storage
Warehouse Space
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Unique Properties, Inc.
Listed By:
Brett MacDougall · License CO #100049630
(201) 274-5768
Source:
Uniqueprop
Added: Nov 12
Last Checked: Nov 12 at 2:12PM
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 Unique Properties, Inc.
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Investment Insights
Based on property information with market context.
The 4,800-square-foot flex building was constructed in 1999 and is divided into two units. Warehouse space accounts for approximately 80% of the building, with functional office areas that have been recently refreshed. Outdoor storage, parking, and loading are also available.
Half of the building is occupied under a month-to-month arrangement.
Half of the building is occupied under a month-to-month arrangement.
Key Highlights
- 4,800 SF building divided into two units
- Approximately 80% warehouse area
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,601
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,020
$992.0K
Cap Rate 7%
$708,586
$708.6K
Cap Rate 9%
$551,122
$551.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$63.4K $13.20/SF
− Vacancy
−$5.0K −$1.04/SF
EGI
$58.4K $12.16/SF
− OpEx
−$8.8K −$1.82/SF
NOI
$49.6K $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 Rate 5%
$992,020
Cap Rate 7%
$708,586
Cap Rate 9%
$551,122
Alternative Uses
Best Use
Warehouse
$708.6K
$620.0K – $826.7K
NOI $49,601 @ 7.0% cap · market cap 4.51%
Second Best
Flex RnD
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,961 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Denver, CO
Properties on Market for Flex space in Denver
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Approximately 80% of the interior is configured for warehouse use, alongside refreshed office space.
Where is this flex space located?
The property is located at 80 E 64th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,800 SF building divided into two units; Approximately 80% warehouse area; Built in 1999
