Redevelopment Land with
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1575 S Acoma St, Denver, CO 80223
56,078 SF land with 9,912 SF warehouse.
Property Size9,912 SF
Lot Size1.29 Acres
Price / SF$252.22
Days on Market940
Property Features for 1575 S Acoma St
General Information
Standard status
Active
Size
9,912 SF
Lot size
1.29 Acres
Property subtype
Land
Zoning
I-A, UO-2
Listing Agency:
The Henry Group LLC
(303) 625-7444
Listed By:
Patrick Henry · License #CO FA01319334
Source:
Crexi
Added: Jan 11, 2024
Changed: Aug 8
Last Checked: Jul 15 at 7:25PM
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 The Henry Group LLC
Investment Insights
Based on property information with market context.
This property presents an owner/user opportunity, consisting of two parcels totaling 56,078 SF of land. It is located within the South Broadway redevelopment corridor, an area known for ongoing reinvestment and steady commercial activity. The property includes a 9,912 SF warehouse, providing functional industrial space. Additional land offers flexibility for expansion or future repositioning. The site benefits from excellent visibility, supported by traffic counts of over 83,000 vehicles per day at Santa Fe Drive and W. Florida Avenue. It features convenient access to I-25, Santa Fe Drive, and major arterial routes connecting to central Denver and surrounding neighborhoods. Located approximately one-half mile north of the future home of Denver Summit FC (NWSL), the property is well-positioned to benefit from increasing activity and continued growth in the surrounding area. Zoned I-A (Light Industrial), the site supports a range of light industrial and commercial uses, making it suitable for a variety of user-driven operations seeking a well-located property in an active corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,048,540
$2.0M
Cap Rate 7%
$1,463,243
$1.5M
Cap Rate 9%
$1,138,078
$1.1M
Market Conditions
NOI Build-Up for 9,912 SF
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.
Gross rent
$130.8K $13.20/SF
− Vacancy
−$10.3K −$1.04/SF
EGI
$120.5K $12.16/SF
− OpEx
−$18.1K −$1.82/SF
NOI
$102.4K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,048,540
Cap Rate 7%
$1,463,243
Cap Rate 9%
$1,138,078
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,427 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,187 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,874 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 56,078 SF land with 9,912 SF warehouse.
Where is this warehouse located?
The property is located at 1575 S Acoma St Denver, CO.
What is the asking price?
The asking price for this property is $2,500,000.
