5959 39th Ave Denver, CO 80207-1201
Property profile & analytics
5959 39th Ave Denver, CO 80207-1201
- Warehouses
- 54,210 SF
- 1.85 lot acres
Property ID
US13-0406348
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
- Warehouses
Property Details for 5959 39th Ave
- Year built
- 1976
- Construction
- STEEL FRAME
- Lot size
- 1.85 lot acres
- Property size
- 54,210 SF
- Zone code
- I-A
- Property type
- Warehouses
- APN
- 01203-00-088-000
- APU
- 120300088000
Description
This exceptional Denver industrial property offers 54,210 square feet of warehouse space on a 1.85-acre lot at 5959 E 39th Ave, Denver, CO 80207. Built in 1967, this single-story building features two units, one currently occupied and one available for owner-user occupancy or leasing. The property boasts 30 parking spaces, two dock-high doors, and heavy HVAC with 40+ RTUs. The I-A zoning allows for a variety of uses. The asking price is $6,500,000, translating to $119.90 per square foot. The current tenant occupies 14,143 square feet, while the remaining 40,067 square feet (including approximately 4,000 square feet of office space) is available. An investor could potentially achieve a 7.5% cap rate by leasing the vacant space at $11 per square foot, triple net (NNN). The property's prime location on East 39th Avenue and Holly Street, with close proximity to I-70, offers excellent accessibility and strong area demographics. Rent bumps are included in the lease agreement. Occupancy is available May 8, 2024. This presents a unique opportunity for both owner-users and investors seeking a strong return in a desirable Denver location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,685,000
- ML approach
- $5,565,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,167,000
Market price range: $6.17M - $9.10M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $7,705,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.919
- Latitude
- 39.7717
- 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
$134,943
$329,280
$1,412,240
$1,741,520
-
$1,210,200
$5,061,800
$6,272,000
