Property Overview
A rare multi-tenant commercial asset in Englewood's thriving Santa Fe corridor — two fully functional flex warehouses combined with a turnkey, high-quality caretaker's apartment.
North Lower — Flex Warehouse2,477 SF
- 12 ft clear ceiling height · 10 ft drive-in door with electric opener
- Floor drains & new LED can lights throughout
- Laundry room with washer & dryer included
- Bathroom with shower & sink
- ADA-compliant restroom (toilet & shower)
- Emergency rear exit · New vinyl plank flooring
- Fresh paint throughout
North Upper — Open Office~1,000 SF
- Fully remodeled kitchenette with brand new Hickory cabinets
- Stainless steel sink & side-by-side fridge with water/ice
- Full LED lighting throughout
- East & west facing windows — abundant passive light
- Views of Downtown Denver to the northeast
South Lower — Flex Warehouse~2,400 SF
- 12 ft clear ceiling height · 10 ft drive-in door with electric opener
- ADA-compliant restroom & in-floor drains
- LED lights, swamp cooler & air circulation fan
- Glass block windows & dedicated utility room
- 240V professional-grade air compressor included
- Private office with exterior man door — fully isolatable
South Upper — Caretaker's Apt.~1,500 SF
- 2 bed / 1 bath · 2 covered balconies (south & east)
- 2 gas fireplaces & stackable washer/dryer combo
- $10,000 remodeled shower & private toilet room
- Full kitchen: range, S/S fridge, microhood, granite countertops
- Hardwood floors & carpet · abundant natural light
- Very private, secure, and high-quality finish level
Recent Upgrades
Extensive capital improvements completed — minimal near-term CapEx required for the next owner.
New steel privacy fence — north & west sides of property
Newly resurfaced blacktop parking lot with fresh striping & ADA stall
Full sprinkler system installed throughout entire property
Fresh landscape gravel — east & southern portions of property
LED lighting upgrades throughout most of the property
Complete north-side kitchen remodel with Hickory cabinets & S/S appliances
$10,000 shower remodel in caretaker's apartment
New washer/dryer, range, sink & blinds in caretaker's apartment
Fresh paint throughout entire property, both sides
Newer water heaters on both north and south sides
Property Specifications
Key operational details for due diligence and underwriting.
Zoning
I-2 — General Industrial · One of Englewood's most permissive designations. Allows warehouse, flex/light manufacturing, auto-related uses, contractor yards, office, and live-work. Current use is fully conforming.
Year Built
2004
Warehouse Ceiling Height
12 ft clear height throughout both warehouse spaces
Garage Doors
2 · 10 ft high drive-in doors with electric garage door openers
Annual Property Taxes (2025)
$25,140.07
Annual Property Insurance (Est.)
~$5,000.00
Parking
11 spaces including 1 ADA-compliant
Trash
3-yard receptacle · Republic Services
Water / Sewer / Stormwater
Englewood Utilities (combination billing)
Heating
Dual gas heaters in each warehouse space
Cooling
Swamp coolers in both warehouse spaces
Air Compressor
240V Professional Grade (included)
Water Heaters
Newer units on both north & south sides
Fire Protection
Sprinkler system throughout property
Flood Zone
Minimal risk — outside 1% & 0.2% annual chance flood zones. Insurance recommended but not federally required.
Parcel Number
1971-33-2-14-004 · Arapahoe County
Lot Size
9,709 SF (0.22 acres)
Gross Building Area
7,377 SF
Rental Income & ROI Analysis
Confirmed gross lease rents. Tenants pay their own utilities — landlord responsible for taxes, insurance, and maintenance.
North Side
Warehouse + Office · ~2,600 SF
$5,250
$63,000 / year
Gross Lease · Tenants pay utilities
South Lower
Flex Warehouse · ~2,400 SF
$3,700
$44,400 / year
Gross Lease · Tenants pay utilities
South Upper
Caretaker's Apartment · ~1,500 SF
$2,250
$27,000 / year
Gross Lease · Tenants pay utilities
Combined Monthly
$11,200
Gross Potential Income
$134,400/yr
Effective Gross Income
$127,680/yr
Gross Annual Income
North Side — Warehouse + Office$63,000
South Lower — Flex Warehouse$44,400
South Upper — Caretaker's Apt.$27,000
Gross Potential Income (GPI)$134,400
Less: Vacancy & Credit Loss (5%)($6,720)
Effective Gross Income (EGI)$127,680
Annual Operating Expenses
Property Taxes (2025 Actual)$25,140
Property Insurance (Est.)$5,000
Utilities — Paid by TenantsN/A
Maintenance & Reserves (Est.)$3,500
Property Management (8% of EGI)$10,214
Total Operating Expenses$43,854
Net Operating Income (NOI)$83,826
⚠ Cash-on-cash reflects current rate environment (7.25%, 30-yr, $406,250 down). Annual debt service: $99,768. Pre-debt NOI of $83,826 = 5.16% cap rate. Stronger returns achievable via larger down payment, seller financing, or rate buydown. All projections are estimates — verify with qualified CPA and real estate counsel.
Investment Highlights
Why this property stands out in the current Denver metro market.
Strategically positioned in Englewood, CO — minutes from Downtown Denver & I-25
Rare mixed-use asset: two functional warehouses plus income-producing residential apartment
Ideal for owner-operator, investor, or contractor seeking live/work opportunity
Private, secure, fenced yard — excellent for equipment, vehicles, or outdoor storage
Turnkey condition with extensive recent capital improvements — minimal near-term CapEx
Dual warehouse configuration allows flexible owner-use or independent lease-up
11 on-site parking spaces including ADA-compliant stall — strong parking ratio
Proximity to Santa Fe Drive corridor with strong commercial & industrial demand
Tenants pay own utilities — favorable gross lease structure reduces landlord cost exposure
