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    8356 Maverick Ln Ordway, CO 81063

    Sponsored
    For Sale
    $650,000

    High-yield NNN warehouse, 11.08% cap rate.

    Property size:
    12,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 12,690-square-foot industrial warehouse in Ordway, Colorado, presents a strong cash flow with an 11.08% cap rate. This single-tenant, net-lease property boasts a five-year lease commencing May 30, 2024, and expiring May 30, 2025, generating a net operating income (NOI) of $72,000. The asking price is $650,000, translating to $51.22 per square foot. Built in 2018, this 1-building property sits on a 5.2-acre lot zoned for commercial marijuana cultivation (AR - Commercial Marijuana), offering significant potential for expansion. The property includes 10 parking spaces and is equipped with a comprehensive array of cultivation equipment, including an Agrowtek system, lighting, heating, ventilation, irrigation, CO2 burners, water storage tanks, and a water purification system. Additional features include grow tents, RV hookups, storage racks, gardening tools, climate control systems (mini-splits), security system (ADT with 32 cameras), and more. Currently vacant, this turnkey operation presents a rare opportunity for investors seeking a high-return, low-maintenance investment in the thriving Colorado cannabis industry. The property's address is 8356 Maverick Lane, Ordway, CO 81063. APN: R002536.

    Property Features for 8356 Maverick Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    12,690 SF
    Lot Size
    226,512 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Units
    1

    HighLights

    • 12,960 SF industrial building on a 5.2‑acre lot in Ordway, CO.
    • Built in 2018.
    • 10,800 SF of greenhouse space and 2,160 SF of warehouse space.
    • Zoned for commercial marijuana cultivation.
    • Features Phase 3 power and city water connection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Ordway
    County
    Crowley
    State
    Colorado
    Longitude
    -103.71733
    Latitude
    38.23421

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    FAQs

    What type of property is this?
    Distribution property - High-yield NNN warehouse, 11.08% cap rate.
    Where is this distribution property located?
    The property is located at 8356 Maverick Ln Ordway, CO.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 12,960 SF industrial building on a 5.2-acre lot in Ordway, CO.; Built in 2018.; 10,800 SF of greenhouse space and 2,160 SF of warehouse space.
    Request Owner's contact information
    8356 Maverick Ln Ordway, CO 81063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8356 Maverick Ln Ordway, CO 81063
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