3870 Elm St Denver, CO 80207
- Warehouses
- 14,500 SF
- 0.52 lot acres
Current Use by Public Records
- Medical Equipment Worldwide / Medical Equipment Supplier
- eBay Seller medicalequipmentesi / Medical Equipment Supplier
- Equipment Sales International LLC / Medical Equipment Supplier
- eBay Seller medicalequipmentesi + equipmentesi / Equipment Supplier
Property Details for 3870 Elm St
- Year built
- 1961
- Lot size
- 0.52 lot acres
- Property size
- 14,500 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Denver, CO industrial property offers a compelling investment opportunity. The 14,500 square foot Class C warehouse, built in 1961, sits on a 0.52-acre lot and features four loading docks, 12-foot ceilings, and floor drains. Currently 100% occupied by two tenants, with one lease expiring March 31, 2025 (6,000 SF, currently leased 25% below market), and the other on a month-to-month basis (8,500 SF, currently leased 20% below market). The property boasts a strong NOI of $93,900 and is zoned I-MX-3. Additional features include a fenced yard (over 2,500 SF), multiple drive-in doors (one 8'x9', one 12'x10', and two 9'x9'), and a dock platform. The asking price is $2,350,000 ($162.07/SF), with potential for owner financing. The 8,500 SF space could be available to an owner-user within 30 days. This is an excellent opportunity for an owner-user seeking immediate income potential or an investor looking for a strong return. The property is located at 3870-3880 Elm Street, Denver, CO 80207.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.929
- Latitude
- 39.771
