401 Kuner RdBrighton, CO 80601

  • Other commercial real estate
  • 2,160 SF
For Sale
$4,500,000 View listing

Property Details for 401 Kuner Rd

Year built
1993
Lot size
6.63 AC
Property size (Sq ft)
2,160 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
R0002675
APU
R0002675

Description

This exceptional 11.85-acre industrial property in Brighton, Colorado, offers a unique investment opportunity. Located at 401 N Kuner Rd, the site boasts 6,200 square feet of existing warehouse and office space, complemented by ample yard space totaling 509,486 square feet. Currently generating a net operating income (NOI) of $234,960 annually from outdoor storage tenants, the property presents significant upside potential. The I-3 zoning permits heavy industrial use and outdoor storage, allowing for expansion of existing operations or development of new industrial assets. The property's strategic location provides direct access to Highway 85, enhancing logistical efficiency. The asking price is $4,500,000, representing a 5.22% cap rate with a pro-forma cap rate of 9.60% and a pro-forma NOI of $432,000. The land value is $10.66 per square foot. This is a rare opportunity to acquire a well-positioned industrial property with substantial growth potential in a thriving market. The property is situated in unincorporated Adams County, Colorado, with a zip code of 80601.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $758,634
    6.5%
    $700,278
    7%
    $650,258
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,429,318
    Geo Method
    $449,717
  • Alternative Use

    Use
    Valuation
    Residential
    $590,710
    Hospitality
    $541,088
    Educational
    $450,178
    Medical
    $465,661
    Retail
    $700,278
401 Kuner Rd, Brighton, Colorado

Location Insight

City
Brighton
County
Adams
State
Colorado
Latitude
39.9947
Longitude
-104.824
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
$36,402
$201,470
$147,640
$349,110
-
$722,116
$529,184
$1,251,300

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