Leased Office/Warehouse Flex
For Sale
$1,035,000
866 E 78th Avenue, Denver, CO 80229
Condominium-format commercial space combines office functionality with a dedicated warehouse area and an established occupant.
Property Size5,622 SF
Price / SF$184
Days on Market113
Property Features for 866 E 78th Avenue
General Information
Standard status
Active
Size
5,622 SF
Property subtype
Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
5,622 SF
Year Built
2007
Buildings
1
Listing Agency:
Unique Properties, Inc
Listed By:
Greg Knott · License #FA.001312096
(303) 521-3648
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 2
Last Checked: Oct 12 at 5:46PM
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
Investment Insights
Based on property information with market context.
This flex space condominium is configured for office and warehouse use, with a dedicated warehouse area and a functional commercial layout. The building was constructed in 2007 and is currently fully leased.
NeuAbility occupies the property as its tenant. The asset is located at 866 E 78th Avenue in Denver, Colorado, providing a defined address for an owner seeking leased flex-space real estate.
NeuAbility occupies the property as its tenant. The asset is located at 866 E 78th Avenue in Denver, Colorado, providing a defined address for an owner seeking leased flex-space real estate.
Key Highlights
- Fully leased commercial condominium
- Office and warehouse configuration
- Occupied by NeuAbility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,556
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,120
$1.4M
Cap Rate 7%
$979,371
$979.4K
Cap Rate 9%
$761,733
$761.7K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$123.5K $21.96/SF
− Vacancy
−$32.1K −$5.71/SF
EGI
$91.4K $16.25/SF
− OpEx
−$22.9K −$4.06/SF
NOI
$68.6K $12.19/SF
Area
ZIP 80229
Vacancy
26.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,120
Cap Rate 7%
$979,371
Cap Rate 9%
$761,733
Alternative Uses
Best Use
Office B
$979.4K
$857.0K – $1.14M
NOI $68,556 @ 7.0% cap · market cap 6.62%
Second Best
Flex RnD
$865.0K
$756.9K – $1.01M
NOI $60,548 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,525 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
299
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Condominium-format commercial space combines office functionality with a dedicated warehouse area and an established occupant.
Where is this flex space located?
The property is located at 866 E 78th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: Fully leased commercial condominium; Office and warehouse configuration; Occupied by NeuAbility
