5281 Adams St Denver, CO 80216-2330
- Warehouses
- 2,271 SF
- 0.15 lot acres
Jan 21, 2020
Current Use by Public Records
- Warehouses
Property Details for 5281 Adams St
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 0.15 lot acres
- Property size
- 2,271 SF
- Zone code
- I-A
- Property type
- Warehouses
- APN
- 02131-07-016-000
- APU
- 213107016000
Description
This exceptional Denver industrial property, located at 5281 Adams St, offers a rare opportunity for investors and businesses alike. The 2,271 square foot building, constructed in 1974, sits on a 0.29-acre lot (12,748 sq ft) and boasts I-A industrial zoning, allowing for a wide range of uses. The single-story metal and block structure features three roll-up doors (16'x14', 10'x14', and 10'x12'), heavy power (3-phase 800 Amp installed in 2016), two suspended natural gas ceiling heaters, and a 1/4 bath. The property includes a fully fenced lot with commercial gates, providing ample space for parking and outdoor storage. Benefiting from excellent access to I-70 and I-270 highways and truck routes, this location offers convenient transportation links. The property is an assemblage of three lots (5281, 5283, and 5285 Adams St), with lots 5283 and 5285 currently rented month-to-month for parking. The asking price is $1,300,000 ($572.44/sq ft). Note that this is a cash or hard money preferred sale. Buyers are responsible for verifying all aspects of the property, including square footage, zoning, and permitted uses. The property is currently used as a custom wood millwork operation, and the seller may be open to selling the business and equipment separately. A lease-back scenario may also be considered. No reports or surveys are available. The industrial environment includes noise, dust, and machinery. This property presents a unique investment opportunity in a dynamic Denver location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $500,000
- ML approach
- $475,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $486,000
Market price range: $261k - $540k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.949
- Latitude
- 39.7924
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA