Property profile

2256 Delaware St Denver, CO 80223

OFF-MARKET
Warehouses
Property ID
US13-0711042
3,840 SF 0.14 ac lot Built 1964
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Denver, CO industrial property at 2256 S Delaware St offers a compelling investment opportunity. The 3,840 square foot building, constructed in 1964, features two units, each 1,920 square feet. Currently, one unit is 50% occupied by a tenant under a new 5-year NNN lease, generating immediate income. The remaining unit is available for an owner-user, providing flexibility and potential for significant value appreciation. The property boasts a renovated storefront, ample parking, a small fenced yard, and convenient access to public transportation, being just one block from the light rail. The interior includes a large open bullpen/showroom area, private offices, a kitchenette, and a restroom. The warehouse space features a rear loading area and the possibility of garage door installation. Zoned I-1, this property is ideally suited for contractors, sales/service businesses, or general office/warehouse operations. The asking price is $850,000, with a price per square foot of $221.35 and a price per unit of $425,000. This Core+ investment presents a rare blend of income generation and owner-user potential in a highly desirable Denver location. The property's excellent location near Santa Fe and Evans avenues ensures high visibility and easy access for both employees and clients.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1964
Construction WOOD
Total area 3,840 SF
Lot 0.14 ac (6,251 SF)
Zoning code I-MX-3
APN 05272-19-005-000
UPID US13-0711042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Location

2256 Delaware St Denver, CO 80223-4138
Denver metro Census 1403 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$610k
Comparable Approach Comparable
$649k
Blend (final) Blend
$235k

Owner & transaction history

since 2025
Last sale
$825,000
6 recorded transactions
2025
Price N/A
2025
$825,000
2025
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A

Zoning & alternative use

I-MX-3 · Denver, CO
Zoning description

A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an…

General category MIXED_USE
Top alternative use upside
Medical building $1.2M +90.1%
Office building $1.1M +84.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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