1001 Tejon St Denver, CO 80204-3820
- Warehouses
- 4,862 SF
- 0.18 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1001 Tejon St
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 4,862 SF
- Zone code
- I-B
- Property type
- Warehouses
- APN
- 05043-38-009-000
- APU
- 504338009000
Description
This Denver, Colorado industrial warehouse at 1001 Tejon St, offers a compelling investment opportunity. The 4,862 square foot building, constructed in 1969, sits on a 7,650 square foot lot and boasts a 24-foot ceiling height, perfect for various industrial uses. Currently 100% occupied under a triple net (NNN) lease with three lease options, the property generates a strong net operating income (NOI) of $84,000, resulting in an attractive 8.40% cap rate. The asking price is $1,000,000, translating to $205.68 per square foot and $130.72 per square foot for the land. The lease commenced May 12, 2024, and expires September 11, 2027. The property features one dock-high door, fifteen parking spaces, and ample heavy power. Located in Denver County, zip code 80204, this prime infill location provides easy access to major interstates. The property is zoned I-B. While the current tenant is a cannabis cultivation business, the versatile space is suitable for a range of industrial applications. The building includes a small mezzanine, which can be removed if needed. This is a rare opportunity to acquire a high-performing, well-located industrial asset with significant upside potential.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $835,000
- 6.5%
- $775,000
- 7%
- $720,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $715,000 Current use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.012
- Latitude
- 39.7326
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
