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Property profile & analytics
OFF-MARKET Estimated value $2,260,000
Distribution centers

10963 Leroy Dr Northglenn, CO 80233-3615

30,000 SF 2.07 ac lot Built 1998
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US13-0431493
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1998
Total area 30,000 SF
Lot 2.07 ac (90,169 SF)
APN R0116055
UPID US13-0431493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.26M
Owner & transaction history
Wax Works LLC · 17 yrs held
Wax Works LLC
since 2008
7 recorded transactions
2018
Price N/A
2008
$1.9M
2008
Price N/A
2008
$1.6M
2001
$1.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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