Freestanding Denver Building with
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888 Federal Blvd, Denver, CO
Freestanding 24,427 SF building on 1.04-acre lot for rent.
Property Size24,427 SF
Lot Size1.04 Acres
Price / SF$249.72
Days on Market395
Property Features for 888 Federal Blvd
General Information
Standard status
Active
Size
24,427 SF
Lot size
1.04 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Benchmark Commercial, LLC
(303) 395-0112
Listed By:
Tanner Mason · License #FA.040023622
(303) 395-0112
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:08AM
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 Benchmark Commercial, LLC
Investment Insights
Based on property information with market context.
Located just south of 6th Avenue in Denver’s Westside corridor, 888 Federal Blvd is a freestanding building offering approximately 24,427 square feet of space on a fully fenced 1.04-acre lot. The property includes front and rear gated yard areas and over 50 surface parking spaces. It provides direct access to I-25, US-6, and Downtown Denver. The building features a functional mix of warehouse and office space, including private offices, open work areas, a conference room, and a full kitchen/breakroom. The property has flexible E-MX-3 zoning and an operational rooftop solar system.
Key Highlights
- Freestanding ±24,427 SF building on a fully fenced ±1.04‑acre lot.
- Benefit from 50+ surface parking spaces.
- Direct access to I‑25, US‑6, and Downtown Denver.
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
$357,904
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
5.87%
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%
$7,158,080
$7.2M
Cap Rate 7%
$5,112,914
$5.1M
Cap Rate 9%
$3,976,711
$4.0M
Market Conditions
NOI Build-Up for 24,427 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
$644.9K $26.40/SF
− Vacancy
−$167.7K −$6.86/SF
EGI
$477.2K $19.54/SF
− OpEx
−$119.3K −$4.88/SF
NOI
$357.9K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$7,158,080
Cap Rate 7%
$5,112,914
Cap Rate 9%
$3,976,711
Alternative Uses
Best Use
Office B
$5.11M
$4.47M – $5.97M
NOI $357,904 @ 7.0% cap · market cap 5.87%
Second Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,419 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$7.78M
$6.80M – $9.07M
NOI $544,320 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding 24,427 SF building on 1.04-acre lot for rent.
Where is this flex space located?
The property is located at 888 Federal Blvd Denver, CO.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: Freestanding ±24,427 SF building on a fully fenced ±1.04‑acre lot.; Benefit from 50+ surface parking spaces.; Direct access to I‑25, US‑6, and Downtown Denver.
