Freestanding Flex
For Sale
$875,000
900 S Jason Street, Denver, CO 80223
I-A-zoned property with a gated site, current occupancy, and flexibility for office, showroom, contractor, warehouse, or light industrial use.
Property Size2,749 SF
Lot Size0.37 Acres
Price / SF$320.63
Days on Market69
Property Features for 900 S Jason Street
General Information
Standard status
Active
Size
2,749 SF
Lot size
0.37 Acres
Property subtype
Industrial
Zoning
I-A
Additional Details
Fenced Yard
Yes
Building Details
Building Size
2,749 SF
Listing Agency:
Unique Properties, Inc
(303) 941-8112
Listed By:
Sam Leger · License #FA100084828
(303) 941-8112
Source:
Uniqueprop
Added: Jun 25
Changed: Aug 31
Last Checked: Aug 31 at 1:31PM
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 freestanding flex property includes 2,729 SF of existing residential-style improvements on a 15,270 SF site. The gated grounds provide parking potential, while the I-A zoning supports office, showroom, contractor, warehouse, and light industrial uses. The property is currently occupied by Reflection Windows & Doors, LLC, creating in-place income with future occupancy flexibility.
Located at 900 S Jason Street in Denver’s Athmar Park / South Jason Street corridor, the property is within a Denver Enterprise Zone. Denver public records identify a Residential assessment class, while the zoning and existing improvements create an adaptive reuse consideration. Lease terms include termination provisions and a tenant right of first refusal; additional details are available from the broker.
Located at 900 S Jason Street in Denver’s Athmar Park / South Jason Street corridor, the property is within a Denver Enterprise Zone. Denver public records identify a Residential assessment class, while the zoning and existing improvements create an adaptive reuse consideration. Lease terms include termination provisions and a tenant right of first refusal; additional details are available from the broker.
Key Highlights
- 2,729 SF freestanding property on a 15,270 SF site
- 0.37‑acre gated site with parking potential
- I‑A zoning supports office, showroom, contractor, warehouse, and light industrial uses
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
$28,200
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
3.22%
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%
$564,000
$564.0K
Cap Rate 7%
$402,857
$402.9K
Cap Rate 9%
$313,333
$313.3K
Market Conditions
NOI Build-Up for 2,729 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
$36.0K $13.20/SF
− Vacancy
−$2.8K −$1.04/SF
EGI
$33.2K $12.16/SF
− OpEx
−$5.0K −$1.82/SF
NOI
$28.2K $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%
$564,000
Cap Rate 7%
$402,857
Cap Rate 9%
$313,333
Alternative Uses
Best Use
Warehouse
$402.9K
$352.5K – $470.0K
NOI $28,200 @ 7.0% cap · market cap 3.22%
Second Best
Flex RnD
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$868.7K
$760.2K – $1.01M
NOI $60,812 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Industrial 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 - I-A-zoned property with a gated site, current occupancy, and flexibility for office, showroom, contractor, warehouse, or light industrial use.
Where is this flex space located?
The property is located at 900 S Jason Street Denver, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,729 SF freestanding property on a 15,270 SF site; 0.37‑acre gated site with parking potential; I‑A zoning supports office, showroom, contractor, warehouse, and light industrial uses
