Mixed-Use Zoned Storage
961 North Marion Street Denver, CO 80218
961 North Marion Street, Denver, CO, 80218
$1,300,000
For Sale
$1,300,000
Level, paved commercial land includes 24 leased storage garages on a G-MU-3 zoned site.
Property Size8,860 SF
Lot Size0.20 Acres
Price / SF$146.73
Days on Market27
Property Features for 961 North Marion Street
General Information
- Standard status
- Active
- Size
- 8,860 SF
- Lot size
- 0.20 Acres
- Property subtype
- Land / Unimproved Land
Listing agency
Madison & Company Properties
(303) 246-2226
Listed by
Jennifer Steinert · License #100026296
(303) 246-2226
Source
Compass
Added: Jun 25 Updated: Jul 21 at 5:28AM Checked: Jul 21 at 5:28AM
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 Madison & Company Properties
Investment Insights
Based on property information with market context.
This infill parcel is zoned G-MU-3 and is positioned to support multi-unit residential, commercial, or mixed-use development. The site includes 24 leased storage garages that generate interim income while planning and city approvals are underway.
The property is located in Denver, near Cheesman Park, and also close to Cherry Creek, Wash Park, and downtown. The lot is level and includes paved accessibility features.
The offering includes the full site with no stated property exclusions.
The property is located in Denver, near Cheesman Park, and also close to Cherry Creek, Wash Park, and downtown. The lot is level and includes paved accessibility features.
The offering includes the full site with no stated property exclusions.
Key Highlights
- G‑MU‑3 zoned land supports multi‑unit residential, commercial, or mixed‑use development
- .20‑acre (8,860 SF) level, paved lot in Denver 1 school district
- Includes 24 leased storage garages providing interim income during planning and city approvals
Local Financial Insights For Warehouse
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 | $117.0k | $13.20 |
| − Vacancy | −$9.2k | −$1.04 |
| EGI | $107.7k | $12.16 |
| − OpEx | −$16.2k | −$1.82 |
| NOI | $91.6k | $10.33 |
8,860 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.31M
$1.14M – $1.53M
NOI $91,556 @ 7.0% cap · market cap 7.04%
Second Best
Self Storage
$1.17M
$1.03M – $1.37M
NOI $82,164 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,432 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Level, paved commercial land includes 24 leased storage garages on a G-MU-3 zoned site.
Where is this self storage facility located?
The property is located at 961 North Marion Street Denver, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: G‑MU‑3 zoned land supports multi‑unit residential, commercial, or mixed‑use development; .20‑acre (8,860 SF) level, paved lot in Denver 1 school district; Includes 24 leased storage garages providing interim income during planning and city approvals
