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    320 Industrial Ave Olathe, CO 81425

    For Sale
    $1,200,000

    Multi-building warehouse, prime location

    Property size:
    12,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a multi-building industrial complex ideally situated in Olathe, Colorado, within Montrose County's I-Industrial District. The property encompasses 12,118 square feet of warehouse space distributed across three buildings situated on a 5.603-acre lot, fully fenced for enhanced security and privacy. The complex includes four units, each offering unique features. Building #1 boasts 5,380 square feet with six overhead doors, 20-foot ceilings, 3-phase power, and suspended gas and waste oil heaters. A separate 360 square foot storage building with one overhead door and power is also included. Building #2 comprises 5,000 square feet, featuring five overhead doors, 16-foot ceilings, 3-phase power, suspended gas heaters, waste oil heater, and roof-mounted evaporative coolers. A 1,378 square foot office building completes the complex, offering a HVAC system, electric baseboard heat, a kitchen, and a bathroom with a shower. This property benefits from an advantageous Opportunity Zone designation, presenting significant tax advantages. The asking price is $1,200,000, or $300,000 per unit, with a price per square foot of $99.03. Built in 1990, this property is perfect for owner-users or investors seeking a versatile and well-equipped industrial space.

    Property Features for 320 Industrial Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    12,118 SF
    Lot Size
    244,067 SF

    Building Details

    Year Built
    1990
    Buildings
    3
    Units
    4

    HighLights

    • Multi‑building industrial complex totaling 12,118 SF on a 5.603‑acre lot in Olathe, CO.
    • Four units available, including three warehouse buildings and one office building.
    • Building #1: 5,380 SF warehouse with six overhead doors, 20‑foot ceilings, 3‑phase power, suspended gas and waste oil heaters; plus a 360 SF storage building with one overhead door and power.
    • Building #2: 5,000 SF warehouse with five overhead doors, 16‑foot ceilings, 3‑phase power, suspended gas and waste oil heaters, and roof‑mounted evaporative coolers.
    • Separate 1,378 SF office building with HVAC, electric baseboard heat, kitchen, and bathroom.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Clothing Store Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Montrose
    State
    Colorado
    Longitude
    -107.975612
    Latitude
    38.612029

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    FAQs

    What type of property is this?
    Distribution property - Multi-building warehouse, prime location
    Where is this distribution property located?
    The property is located at 320 Industrial Ave Olathe, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Multi-building industrial complex totaling 12,118 SF on a 5.603-acre lot in Olathe, CO.; Four units available, including three warehouse buildings and one office building.; Building #1: 5,380 SF warehouse with six overhead doors, 20-foot ceilings, 3-phase power, suspended gas and waste oil heaters; plus a 360 SF storage building with one overhead door and power.
    Request Owner's contact information
    320 Industrial Ave Olathe, CO 81425
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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
    320 Industrial Ave Olathe, CO 81425
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