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Property profile & analytics
OFF-MARKET Estimated value $3,040,000
Life science properties

1630 Dartmouth Ave Englewood, CO 80110-1307

15,065 SF 0.9 ac lot Built 1998
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US13-2740002
Property summary
AI-generated overview

This exceptional investment opportunity presents a 15,000-square-foot industrial property located at 1630 W Dartmouth Ave, Englewood, CO 80110, within Arapahoe County. The property, built in 1960, features a mix of distribution, executive office, and warehouse space, currently leased to Heritage Pool Supply, a wholly-owned subsidiary of SRS Distributions, under a triple-net (NNN) lease. The lease commenced September 29, 2022, and expires September 29, 2037, with two five-year lease options. The asking price is $3,100,000, representing a compelling 7.55% capitalization rate based on a net operating income (NOI) of $234,000. The building boasts masonry and brick construction, and the warehouse area benefits from an evaporative cooling system. Loading capabilities include one drive-in door and one dock-high door, supported by 200-amp, 480-volt, 3-phase power. The 0.96-acre lot is zoned I-A and UO-2, providing flexibility. The property enjoys excellent access to I-25 via Mississippi and Santa Fe avenues, offering convenient access to central Denver and downtown Denver. Annual rent increases are set at $0.50. This core investment presents a strong cash flow opportunity with a long-term tenant in place.

Property profile
Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1998
Construction CONCRETE BLOCKS
Total area 15,065 SF
Lot 0.9 ac (39,204 SF)
Zoning code EI2
APN 1971-33-3-00-056
UPID US13-2740002
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
Current use
Occupant on record · Public records
  • Sun Country Distributing (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.04M
Blend (final) Blend
$3.04M
Owner & transaction history
Sun Partners LLP · 19 yrs held
Sun Partners LLP
since 2007
4 recorded transactions
2007
$1.3M
2002
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
EI2 · Englewood, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Medical building $4.7M +55.8%
Industrial (general) $4.4M +49.0%
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