5347 Sherman St Denver, CO 80216
Property Lookup
Property profile & analytics
5347 Sherman St Denver, CO 80216
- Showrooms
- 17,980 SF
- 1.75 lot acres
Property ID
US13-0716733
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 5347 Sherman St
- Year built
- 1986
- Lot size
- 1.75 lot acres
- Property size
- 17,980 SF
- Property type
- Showrooms
- APN
- R0104080
- APU
- R0104080
Description
This exceptional 17,980-square-foot warehouse, situated on a 1.75-acre lot in Denver's Adams County, presents a compelling investment opportunity. Currently leased long-term to Lion Electric Co. (NYSE: LEV), the property boasts a strong 5% cap rate with annual increases, ensuring a steady return on investment. Built in 1986 and extensively renovated in 2021, the warehouse features six 12'x14' drive-in doors (expandable), a 5-ton bridge crane, and a substantial 17'-20' clear height warehouse area. The property also includes 1,400 square feet of office space, recently updated with new restrooms, HVAC, and other improvements. Exterior enhancements include high-bay and exterior LED lighting, fresh paint, and upgraded warehouse heaters. The property benefits from its location within the Adams County Enterprise Zone and enjoys excellent access to major transportation arteries, including I-70 & Washington Street, and I-25 & 58th Ave. The property is zoned I-1 and offers a fenced yard for added security and functionality. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with significant upside potential. The Net Operating Income (NOI) is $259,271, and the asking price is $5,185,432. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for most operating expenses.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Adams
- State
- Colorado
- Longitude
- -104.986
- Latitude
- 39.7937
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$78,300
$74,410
$642,430
$716,840
-
$266,700
$2,302,600
$2,569,300
