Industrial Building in South
1830 S Bannock St, Denver, CO 80223
19,700 SF industrial building with warehouse and office space.
Type:Industrial
Property size:
19,700 SFLot size:
0.36 AcresPrice / SF:
$182/SF- Added:
- Jun 19, 2024
- Days on Market:
- 714
- Last Refresh:
- May 12 at 9:45 pm
Property Features for 1830 S Bannock St
General Information
- Standard status
- Active
- Size
- 19,700 SF
- Lot size
- 0.36 Acres
- Property subtype
- Industrial
Listing agent Forrest Bassett License #CO 100042874
Listing office VanWest Partners
Listing date Jun 19, 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 VanWest Partners
HighLights
- 19,700 SF Industrial Building in Denver's vibrant South Broadway Corridor (SoBo).
- 7,750 SF Secure Fenced Parking Lot/Yard with 36 total parking spaces.
- Walking distance to Evans Light Rail Station and SoBo's amenities.
- Opportunity for future Redevelopment; ability to rezone for higher density.
- Warehouse space (12,365 SF) will be vacant upon closing.
- Flexible owner occupancy of 7,335 SF of 2nd‑floor office space.
Overview
This 19,700 square foot industrial building is located in Denver's South Broadway Corridor, known as "SoBo", an area with eateries, vintage shops, art galleries, and live music venues. The property includes 12,365 square feet of warehouse/manufacturing space and 7,335 square feet of office space on the second floor. The second-floor office space can be delivered vacant or leased month-to-month by the current tenant. The property features a 7,750 square foot secure fenced parking lot/yard with 19 parking spaces, plus an additional 17 spaces in front of the building, totaling 36 parking spaces. It has one drive-in and one dock-high door, and 3,200 Amps of power. The property is within walking distance of the Evans Light Rail Station. The property is suitable for redevelopment and owner-users, with the ability to rezone for higher density/redevelopment to C-MX5 or C-MX8. The current owner occupies the second-floor office and is flexible with vacating the space. The warehouse space will be vacant upon closing. The location on South Bannock offers access to major transportation routes and proximity to restaurants and bars.
Local Financial Insights For Office B
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 | $520.1k | $26.40 |
| − Vacancy | −$135.2k | −$6.86 |
| EGI | $384.9k | $19.54 |
| − OpEx | −$96.2k | −$4.88 |
| NOI | $288.6k | $14.65 |
19,700 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.12M
$3.61M – $4.81M
NOI $288,644 @ 7.0% cap · market cap 8.02%
Second Best
Mixed Use
$3.96M
$3.47M – $4.62M
NOI $277,475 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$6.27M
$5.49M – $7.32M
NOI $438,985 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
VanWest Real Estate ...
Real Estate Agency
VanWest Homebuyers
Real Estate Agency
VanWest Partners
Property Investment Company
Bentley Remodeling
Hardware & Home Improvement
Focused Property Management ...
Property Investment Company
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9897604
- Latitude
- 39.6832555
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 19,700 SF industrial building with warehouse and office space.
Where is this mixed-use property located?
The property is located at 1830 S Bannock St Denver, CO.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 19,700 SF Industrial Building in Denver's vibrant South Broadway Corridor (SoBo).; 7,750 SF Secure Fenced Parking Lot/Yard with 36 total parking spaces.; Walking distance to Evans Light Rail Station and SoBo's amenities.
