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7499 41st Ave Denver, CO 80216-4707

OFF-MARKET Warehouses Google Maps
10,451 SF 2.89 ac lot Built 1998
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.45M
Range $2.21M – $2.70M (±10%)
Property ID US13-0655447

Property summary

AI-generated overview

This exceptional 10,451-square-foot industrial warehouse, situated on a 2.9-acre lot in Denver, Colorado (zip code 80216), presents a compelling investment opportunity. The property, built in 1998 and boasting a Class C designation, is currently 100% occupied under a NNN lease with a single tenant. The building features an 18-foot ceiling height, two loading docks, and one dock-high door, providing ample space for storage and operations. The property also includes 25 parking spaces. The zoning is I-MX-5, allowing for potential future development. The asking price is $3,200,000, representing a compelling $306.19 per square foot and a 6.45% cap rate (6.68% pro-forma). The Net Operating Income (NOI) is $206,400, with a pro-forma NOI of $213,624. Conveniently located just off Interstate 70, this property offers easy access to Downtown Denver (approximately 15 minutes) and Denver International Airport (approximately 20 minutes). The low building coverage ratio of 8% provides significant outdoor storage space. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a desirable Denver submarket with a low vacancy rate of 3.9%.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Construction STEEL FRAME
Total area 10,451 SF
Lot 2.89 ac (126,106 SF)
Zoning code I-MX-5
APN 01213-00-120-000
UPID US13-0655447

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
  • General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.45M
CAP Approach CAP
$1.66M
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.45M

Owner & transaction history

since 2024
Last sale
$2.5M
1 recorded transaction
2024
$2.5M

Zoning & alternative use

I-MX-5 · Denver, CO
Zoning description

M-IMX-5 Industrial Mixed Use 5 M-IMX-8 Industrial Mixed Use 8 M-IMX-12 Industrial Mixed Use 12 M-GMX General Mixed Use 9.7.2.1 General Purpose A. The intent of zone districts within the Master Planned Context is to provi…

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $3.4M +95.3%
Retail stores $3.4M +93.5%
Medical building $3.2M +82.7%

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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