4995 Lima StDenver, CO 80239

  • Warehouses
  • 25,152 SF
For Sale
$4,150,000 View listing

Property Details for 4995 Lima St

Year built
1973
Construction
STEEL FRAME
Lot size
1.28 AC
Property size (Sq ft)
25,152 SF
Zone code
I-B
Property type
Warehouses
APN
01144-02-006-000
APU
114402006000

Description

This exceptional investment opportunity presents a 26,116-square-foot industrial warehouse in Denver, Colorado, situated on a 1.28-acre lot (APN 1144-02-006). The property, built in 1981, is a single-story, single-tenant building with I-2 zoning. Currently 100% occupied under a Net Lease (NNN) agreement, it boasts a strong NOI of $384,000 and an asking price of $4,150,000, resulting in an attractive 9.25% cap rate. The tenant is a well-established cannabis operator holding retail, medical, and cultivation licenses, operating a state-of-the-art facility with upgraded electrical, plumbing, and HVAC systems. The building offers ample parking and loading capabilities, along with heavy power. Its strategic location in Denver County, at 4995 Lima St, zip code 80239, provides convenient access to I-70 and is only 15 minutes from Denver International Airport. The building comprises approximately 20,000 square feet of warehouse space and an additional 6,000 square feet dedicated to retail, showroom, and office space. This property represents a compelling investment in a high-demand market with a stable, long-term tenant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,122,900
    6.5%
    $9,344,220
    7%
    $8,676,780
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,894,450
    Geo Method
    $3,324,890
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $4,865,900
    Mixed-Use / Specialty
    $4,907,040
    Hospitality / Lodging
    $3,676,300
    Office
    $4,938,810
    Institutional / Educational
    $5,122,250
    Residential Income
    $5,993,030
    Multifamily
    $6,863,450
    Automotive / Energy
    $4,390,500
    Parking / Income-Based Land
    $1,457,320
    Restaurant / Food Service
    $2,677,020
    Healthcare / Senior Housing
    $4,972,100

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7877
Longitude
-104.857
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
$71,307
$224,570
$695,690
$920,260
-
$834,900
$2,493,500
$3,328,400

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