Versatile Industrial/Flex Space with
For Sale
$465,000
802 E 78th Ave, Denver, CO 80229
Industrial/flex space with prime access, ideal for various business uses.
Property Size1,375 SF
Lot Size0.12 Acres
Days on Market166
Property Features for 802 E 78th Ave
General Information
Standard status
Active
Size
1,375 SF
Lot size
0.12 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,053
Building Details
Building Size
1,375 SF
Year Built
2006
Stories
1
Units
20
Listing Agency:
(720) 364-1078
Listed By:
Melody Brunetti · License #100046936
(720) 364-1078
Source:
Elliman
Added: Mar 10
Changed: Aug 22
Last Checked: Aug 14 at 6:02AM
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 Melody Brunetti
Investment Insights
Based on property information with market context.
This versatile industrial/flex space is suitable for industrial, warehouse, flex, office, or storage use. The property features tall ceilings and a large drive-in door. It includes a dedicated office area, an ADA-compliant restroom, central heat and A/C, and fire sprinklers. A fully compliant Dyno Room is present, suitable for use as a paint booth, powder coat booth, or other specialized operations. The property is equipped with 3-phase, 220V and 110V service, and a 5-gallon water heater. It is zoned I-1 Industrial, offering flexibility for current and future business needs. Located in a well-maintained complex, the property offers views of downtown and access to I-25, I-70, I-76, and Hwy 36. The CAM fee is $221 per month, covering landscaping, snow removal, water, sewer, trash, and EPDM roof maintenance.
Key Highlights
- Prime location with unbeatable access to I‑25, I‑70, I‑76, and Hwy 36.
- Versatile I‑1 Industrial zoning suitable for industrial, warehouse, flex, office, or storage use.
- Features a compliant Dyno Room, ideal for specialized operations like paint or powder coating.
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
$14,801
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
3.18%
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%
$296,020
$296.0K
Cap Rate 7%
$211,443
$211.4K
Cap Rate 9%
$164,456
$164.5K
Market Conditions
NOI Build-Up for 1,375 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
$24.8K $18.00/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$22.8K $16.56/SF
− OpEx
−$8.0K −$5.80/SF
NOI
$14.8K $10.76/SF
Area
ZIP 80229
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$296,020
Cap Rate 7%
$211,443
Cap Rate 9%
$164,456
Alternative Uses
Best Use
Flex RnD
$211.4K
$185.0K – $246.7K
NOI $14,801 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$129.2K
$113.0K – $150.7K
NOI $9,042 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,217 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80229, CO
54,153
Population
20,130
Households
2.7
Avg Household Size
33
Median Age
20%
College-Educated
79%
High-School Grad
12.5 sq mi
ZIP Area
4,332
Density / Sq Mi
$83,450
Median Household Income
$42,198
Median Earnings
$1,719
Median Rent
$382,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial/flex space with prime access, ideal for various business uses.
Where is this flex space located?
The property is located at 802 E 78th Ave Denver, CO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime location with unbeatable access to I‑25, I‑70, I‑76, and Hwy 36.; Versatile I‑1 Industrial zoning suitable for industrial, warehouse, flex, office, or storage use.; Features a compliant Dyno Room, ideal for specialized operations like paint or powder coating.
