600 Bayaud Ave Denver, CO 80223-1802
Property profile & analytics
600 Bayaud Ave Denver, CO 80223-1802
- Warehouses
- 76,781 SF
- 2.82 lot acres
Property ID
US13-2503374
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
- Next Level Resource Partners / Logistics Company / Freight Service
- Victory Athletics / Big Box & Wholesale Store
- Harrow Sports / Industrial Manufacturer / Production Facility
- The Sporting Life / (Bike/Boat/Book/etc) Store
- Taco bar & grill / Restaurant
Property Details for 600 Bayaud Ave
- Year built
- 1954
- Construction
- STEEL FRAME
- Lot size
- 2.82 lot acres
- Property size
- 76,781 SF
- Zone code
- I-MX-5
- Property type
- Warehouses
- APN
- 05103-00-039-000
- APU
- 510300039000
Description
This offering presents a unique opportunity to acquire a 77,000 square foot Class B warehouse and distribution facility situated on a 2.82-acre lot in Denver, Colorado. Located at 600 W Bayaud Ave, in the Baker neighborhood, this property benefits from a highly desirable location, less than half a mile from the Alameda and I-25 interchange. The property is currently 100% occupied by Next Level Resource Partners, an international third-party logistics provider, under a single-tenant net lease with approximately 2.7 years remaining. The existing lease offers a significant mark-to-market opportunity, with current rent approximately 35% below market rates. This presents a compelling investment prospect due to the low vacancy rate (3.6%) in the Central submarket, allowing for potential NOI increases upon lease expiration or through a landlord termination option (with 9 months' notice). Adding to the investment potential is a secondary income stream from an existing antenna lease with Verizon, covering 432 square feet, with two years remaining and a five-year option at a 120% rent increase. The property's strategic location within a dense population area (1 million people within a 20-minute radius) further enhances its long-term value and potential for future appreciation. This offering represents a strong investment in a functional distribution property within a tight Denver submarket. The zip code is 80223.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,805,000
- ML approach
- $6,450,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,825,000
Market price range: $8.83M - $16.0M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $12,260,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.996
- Latitude
- 39.7142
- 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
$179,499
$1,997,720
$318,810
$2,316,530
-
$7,190,300
$1,142,700
$8,333,000
