6295 56th Ave Commerce City, CO 80022-3926
- Distribution centers
- 15,900 SF
- 2.07 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 6295 56th Ave
- Year built
- 1980
- Lot size
- 2.07 lot acres
- Property size
- 15,900 SF
- Property type
- Distribution centers
- APN
- R0091911
- APU
- R0091911
Description
This exceptional investment opportunity presents a 15,900-square-foot industrial warehouse located at 6295 E 56th Ave, Commerce City, CO 80022. The property, built in 1980, sits on a 2.07-acre lot and is zoned I-1. The warehouse boasts an 18-foot ceiling height, multiple oversized drive-in doors, and a dock platform, making it highly functional for distribution and warehousing operations. Currently leased to Terex, a national credit tenant listed on the NYSE (TEX), this net lease property offers a compelling 6% cap rate with attractive 3% annual escalations. The current lease term extends until March 31, 2029, providing long-term income stability. The property features heavy power, is exceptionally clean, and benefits from being located in an enterprise zone. The expansive yard is entirely usable, free from detention requirements. Additional features include excellent insulation and a sprinkler system. The asking price is $3,513,900, translating to $221 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with a strong tenant and significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $685,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $745,000
- Geo Method
- $815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $800,000
- Retail
- $765,000
- Mixed-Use
- $800,000
- Hospitality
- $805,000
- Educational
- $785,000
- Residential Income
- $850,000
- Energy
- $735,000
- Income-Based Land
- $655,000
- Food Service
- $820,000
Location Insight
- Map
- Local Demand
- City
- Commerce City
- County
- Adams
- State
- Colorado
- Longitude
- -104.916
- Latitude
- 39.7991
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA