18875 Bromley LnBrighton, CO 80601

  • Warehouses
  • 1,305,700 SF

Property Details for 18875 Bromley Ln

Year built
1994
Lot size
103.31 AC
Property size (Sq ft)
1,305,700 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
R0114338
APU
R0114338

Description

This exceptional 1,305,700-square-foot industrial facility, situated on 104 acres, presents a unique investment opportunity. Built in 1994, this single-tenant building offers flexible divisibility, boasting approximately 20,000 square feet of office space. The warehouse features a substantial 32-foot clear height, 48' x 58' column spacing, and ample loading capabilities with 88 dock-high doors and 6 drive-in doors (14-16 feet). A state-of-the-art ESFR sprinkler system, complete with a 250,000-gallon storage tank, ensures optimal fire protection. Power is robust, supplied by five individual 2,500 KVA substations, each delivering 3,000 amps at 480 volts, three-phase. Extensive parking is available, including 456 trailer stalls and 366 car stalls, with expansion potential. The property benefits from city water and sewer connections and enjoys convenient access to I-76 and E-470, located just 30 minutes from downtown Denver. Additional features include a large maintenance bay with charging stations, a hazmat storage area, a renovated cafeteria (2013), data processing and training rooms, a 300-kilowatt emergency generator, and radiant heat in the shipping/receiving area. The property also includes an 8-inch slab-on-grade, security fencing, and a guard station. Low property taxes of $0.98 per square foot are an added benefit. Currently, 505,916 square feet are vacant. Economic incentives may be available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $685,295,000
    6.5%
    $632,580,000
    7%
    $587,396,000
  • Comparable approach

    Method
    Valuation
    Relative Method
    $548,578,000
    Geo Method
    $172,603,000
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $326,332,000
    Mixed-Use / Specialty
    $326,704,000
    Hospitality / Lodging
    $241,691,000
    Office
    $326,362,000
    Institutional / Educational
    $340,189,000
    Residential Income
    $398,022,000
    Multifamily
    $468,854,000
    Automotive / Energy
    $291,591,000
    Parking / Income-Based Land
    $99,107,500
    Restaurant / Food Service
    $173,198,000
    Healthcare / Senior Housing
    $333,454,000

Location Insight

City
Brighton
County
Adams
State
Colorado
Latitude
39.9761
Longitude
-104.765
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
$2,303,207
$2,699,310
$19,815,410
$22,514,720
-
$9,674,936
$64,750,064
$74,425,000

FAQs

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