320 Industrial Ave, Olathe, CO 81425
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.