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Luxury Garage Condos For Sale

9658 Havana St Unit B03 Commerce City, CO 80022

9658 Havana St Unit B03, Commerce City, CO, 80022
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Luxury garage condos with large roll-up doors for sale.

Property Size1,500 SF
Price / SF$240
AddedMar 15, 2024
Days on Market853
Last RefreshMay 12 at 9:59 pm

Property Features for 9658 Havana St Unit B03

General Information

Standard status
Active
Size
1,500 SF
Property subtype
Industrial

Listing office Personal Warehouse & Red Commercial

Listing date Mar 15, 2024

Source Crexi

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 Personal Warehouse & Red Commercial


Investment Insights

Based on property information with market context.

Luxury garage condos are available for sale. The units feature either 14x14 or 12x14 roll-up doors and large drive aisles designed for accessibility and to accommodate various storage needs. Standard features include LED lights, a gas heater, a 60 amp panel, and a 120/240V 4-plex outlet. The bays are large enough to accommodate recreational vehicles, and smaller units are well-suited for residential or equipment storage. The property includes an RV dump station and a clubhouse with two restrooms, a kitchenette, and meeting and relaxation areas. The project provides 24/7 gated, secure access. The property size is 1500 square feet.

Key Highlights

  • 24/7 gated, secure access
  • Large drive aisles for ease of accessibility
  • Large enough to accommodate large recreational vehicles

Local Financial Insights For Industrial

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 $27.7k $18.48
− Vacancy −$2.2k −$1.46
EGI $25.5k $17.02
− OpEx −$7.7k −$5.11
NOI $17.9k $11.91
1,500 SF · lease $18.48/SF/yr · vacancy 7.90% · expense 30.00%

Alternative Uses

Best Use
Industrial
$255.3K
$223.4K – $297.9K (±1% cap)
NOI $17,871 @ 7.0% cap · market cap 4.96%
Second Best
Self Storage
$238.2K
$208.4K – $277.9K (±1% cap)
NOI $16,675 @ 7.0% cap · market cap 4.63%
Theoretical Best
Multifamily LT 5
$22.07M
$19.31M – $25.75M (±1% cap)
NOI $1,544,870 @ 7.0% cap · market cap 429.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Real Estate Agency Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Butcher Restaurant Storage Facility Garden Center

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

FAQs

What type of property is this?
Self storage facility - Luxury garage condos with large roll-up doors for sale.
Where is this self storage facility located?
The property is located at 9658 Havana St Unit B03 Commerce City, CO.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 24/7 gated, secure access; Large drive aisles for ease of accessibility; Large enough to accommodate large recreational vehicles
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