Versatile Flex Property For
2180 S Ivanhoe St Denver, CO 80222
2180 S Ivanhoe St, Denver, CO, 80222
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For Sale
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Nine-unit flex property near I-25/E. Evans corridor, renovated in 2022.
Property Size18,069 SF
Price / SF$218.61
Days on Market837
Property Features for 2180 S Ivanhoe St
General Information
- Standard status
- Active
- Size
- 18,069 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing Agency
Fuller Real Estate
(303) 881-1061
Listed by
Travis Wanger · License #FA100085277
Source
Crexi
Added: Apr 3, 2024 Checked: Jul 17 at 11:35 am
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 Fuller Real Estate
Investment Insights
Based on property information with market context.
This 18,069 square foot flex property offers a versatile opportunity for an owner-user or investor. Renovated in 2022, the property contains nine independent small bay units, each featuring front and rear entry, a 10x10 roll-up door, a private in-suite restroom, and warehouse heating and cooling. Quality finishes are present throughout the units. Located along the I-25/E. Evans corridor, the property allows an owner-occupier to benefit from in-place income while running their business. Units 3-9, totaling 15,129 square feet, could be made available.
Key Highlights
- Versatile 9‑unit flex property ideal for owner‑user or investor.
- Recently renovated in 2022 with quality finishes.
- Each unit features front and rear entry, a 10x10 roll‑up door, and a private restroom.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.5k | $13.20 |
| − Vacancy | −$18.8k | −$1.04 |
| EGI | $219.7k | $12.16 |
| − OpEx | −$33.0k | −$1.82 |
| NOI | $186.7k | $10.33 |
18,069 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.67M
$2.33M – $3.11M
NOI $186,718 @ 7.0% cap · market cap 4.73%
Second Best
Flex RnD
$2.41M
$2.11M – $2.81M
NOI $168,562 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$5.75M
$5.03M – $6.71M
NOI $402,641 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Swenson Richard E ...
Accounting Firm
Alpha ESS USA
Industrial Manufacturer
Canopy Roof & Restoration
Roofing Company
Mile High Auto ...
Car Wash
Similar For Sale Nearby
Similar Off Market Nearby
- Mamalicious Catering — 3927 S Jasmine St, Denver, CO 80237
- Firehouse Subs Highpointe — 6345 E Hampden Ave #102, Denver, CO 80222
FAQs
What type of property is this?
Flex space - Nine-unit flex property near I-25/E. Evans corridor, renovated in 2022.
Where is this flex space located?
The property is located at 2180 S Ivanhoe St Denver, CO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Versatile 9‑unit flex property ideal for owner‑user or investor.; Recently renovated in 2022 with quality finishes.; Each unit features front and rear entry, a 10x10 roll‑up door, and a private restroom.
