10963 Leroy Dr Northglenn, CO 80233-3615
This exceptional 30,000-square-foot industrial property, situated on a 2.07-acre lot at 10963 Leroy Drive in Northglenn, Colorado, presents a compelling investment opportunity. The property enjoys a prime location off 104th Avenue and Interstate 25, a major thoroughfare with 154,000 vehicles passing daily. Currently fully leased to a long-term tenant (over a decade of occupancy) with a remaining lease term of two years, this asset offers immediate cash flow and significant upside potential. The tenant recently completed substantial capital improvements and signed a lease renewal, demonstrating commitment and stability. The building features a functional layout and specialized, highly desirable building systems. This infill site in a supply-constrained market provides a rare chance to acquire a single-tenant net-leased asset with the potential for near-term rent increases to market rates. The property's irreplaceable location and strong tenant history make it an exceptional investment for those seeking a stable, cash-flowing asset with significant long-term growth prospects. The asking price is $4,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.