451 58Th AveDenver, CO 80216

Property Details for 451 58Th Ave

Year built

1972

Lot size

5.18 AC

Property size (Sq ft)

121,666 SF

Property type

Commercial real estate

APN

1825-10-4-01-028

APU

182510401028

Description

This exceptional Class A industrial property, delivered in 2023, offers 414,062 square feet of immediately available space within four buildings totaling 472,800 square feet. Located in Adams County's Central Denver submarket, this prime location boasts unparalleled access to I-25, I-70, and I-76, all within three minutes. The property features 28-32' ceiling heights, 97 dock-high doors, and 14 drive-in doors, catering to diverse operational needs. With a minimum divisible space of 33,600 square feet and a maximum contiguous space of 162,000 square feet, this property is suitable for a range of businesses. The 30-acre lot provides exceptional visibility, enhanced by frontage on E 58th Ave. and I-25, including an electronic billboard. Ample parking is available with 648 spaces. Benefit from the advantageous location within an Enterprise Zone, offering significant economic incentives and tax credits, and enjoy the lower unincorporated Adams County sales tax rate of 4.75%. This development is situated in a vibrant submarket where land is highly sought after, providing a rare opportunity to secure a strategically advantageous location. The property is zoned for Enterprise Zone use. Xcel Energy provides power.

• CAP approach

  CAP return

  Valuation

  6%

  $32,944,900

  6.5%

  $30,410,700

  7%

  $28,238,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,948,000

  Geo Method

  $10,052,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $58,944,200

  Retail / Commercial

  $30,407,800

  Mixed-Use / Specialty

  $30,442,500

  Hospitality / Lodging

  $22,521,000

  Office

  $30,410,700

  Institutional / Educational

  $31,699,100

  Residential Income

  $37,087,900

  Multifamily

  $43,688,100

  Automotive / Energy

  $27,170,600

  Parking / Income-Based Land

  $9,234,910

  Restaurant / Food Service

  $16,138,700

  Healthcare / Senior Housing

  $31,071,500

Location Insight

City

Denver

County

Adams

State

Colorado

Latitude

39.8033

Longitude

-104.979

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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