HomeBlog Home
Recommended Reads

7 Unconventional Colorado Properties That Pay Investors

Brian Lee BurkeBrian Lee Burke
May 20, 2025 • 5 min read
Share to X
Share to Facebook
Share to Linkedin
Copy Link
7 Unconventional Colorado Properties That Pay Investors

Traditional rentals aren't the only way to build income from Colorado real estate. Seven property types outside the standard single-family rental — from industrial warehouses near E-470 to horse properties in Douglas County — generate income with a different risk and management profile than a typical Front Range rental. Each one draws a different buyer, financing path and tenant base, so match the property type to how hands-on you actually want to be before you shop listings.

1. Industrial Warehouses Near Denver's Logistics Corridors

Industrial and warehouse space along I-70, E-470 and I-76 in Adams and Weld counties leases to distribution, cold storage and last-mile delivery tenants on long-term leases of five to ten years with built-in rent escalations. There are several ways to make money when you invest in warehouses, and metro Denver's growth as a distribution hub between Denver International Airport and I-25 keeps vacancy low in this segment.

2. A Cabin in Colorado's High Country

A fixer-upper cabin outside a Front Range mountain town works as a short-term rental once upgraded, drawing weekend guests from Denver and Colorado Springs year-round — ski season in winter, hiking and fishing from April through September. Before buying, check the county's short-term rental licensing rules; they differ by county and change as mountain communities manage growth and housing supply.

3. Mixed-Use Buildings Along Denver's Commercial Corridors

A small mixed-use building — retail or office at street level with residential units above — works well along corridors like South Broadway or in RiNo, where mixed-use building financing has expanded as lenders get comfortable underwriting blended income streams. One property, two income types: commercial rent from the ground floor and residential rent from the units above.

4. Equestrian Farms and Horse Properties

Douglas County, Elbert County and parts of Weld County carry Colorado's largest concentration of horse properties, with stables, paddocks and arena space that command a premium over a standard acreage listing. Income comes from boarding, lessons or training in addition to appreciation on the land itself. Browse Colorado horse properties for sale to see current inventory, and compare against out-of-state listings like farms for sale in Ocala FL to see how equestrian property pricing runs in another established horse market.

5. Self-Storage Facilities

Self-storage in growing Front Range suburbs — Brighton, Frederick, Johnstown — runs on shorter leases than an apartment but carries lower turnover cost and less maintenance than a residential rental. Demand tracks new-home construction: every new subdivision creates a wave of storage need for a few years afterward, since new residents downsizing from a larger home or moving from out of state need somewhere to keep the overflow while they settle in.

6. Gas Stations and NNN Retail

A triple-net (NNN) lease on a gas station or single-tenant retail building along a Front Range corridor hands maintenance, taxes and insurance to the tenant, leaving the owner with close to pure rent. These deals need environmental due diligence — underground storage tanks carry Colorado Department of Public Health and Environment reporting requirements — before closing.

7. Land Leases: Billboards, Cell Towers and Solar

A parcel along I-25 or I-70 with billboard, cell tower or solar lease income produces revenue without a tenant to manage. These leases run 10 to 25 years and pay $500 to several thousand dollars a month depending on location and use, with no maintenance obligation for the landowner.

How Do You Finance an Unconventional Colorado Commercial Property?

Warehouses, mixed-use buildings and NNN retail qualify for standard commercial mortgages through a bank or credit union, underwritten on the property's lease income rather than the borrower's income alone. Equestrian farms and cabins finance more like residential or agricultural property, commonly through a local Colorado lender familiar with acreage and outbuilding value. Self-storage and land leases sit in between, and a lender will want to see signed lease terms before quoting a rate on either one.

What Due Diligence Applies Before You Buy?

Beyond a standard inspection, pull the zoning code for the specific parcel, not just the neighborhood, since a warehouse or mixed-use building's permitted use can change block to block along a corridor like South Broadway. For an equestrian property, confirm well and septic permits with the county health department. For a gas station or NNN retail site, order a Phase I environmental assessment before removing any financing contingency. For a land lease, read the existing lease term and renewal options before assuming the income continues past a set date. Skipping any of these four checks is the single most common reason an unconventional deal falls apart after the purchase contract is already signed.

Property typeManagement levelTypical lease length
Industrial warehouseLow5-10 years
Mountain cabin (STR)HighNightly
Mixed-use buildingMedium1-5 years
Equestrian farmHighMonthly boarding
Self-storageMediumMonthly
NNN gas station/retailVery low10-20 years
Land lease (billboard/tower/solar)Very low10-25 years

Where to go next

Talk to the Kenna Real Estate Group

The Kenna Real Estate Group sources industrial, mixed-use, equestrian and NNN opportunities across the Front Range and can point you to inventory that fits the management level you actually want, whether that's a hands-off NNN lease or a hands-on equestrian operation. Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree. Or search every home for sale in Colorado.

Quick answers

What unconventional property types generate income for Colorado investors?

Industrial warehouses, mountain cabins run as short-term rentals, mixed-use buildings, equestrian farms, self-storage, NNN retail and land leases for billboards, cell towers or solar.

Is a Denver-area industrial warehouse a good investment?

Vacancy stays low along E-470, I-70 and I-76 because of Denver's growth as a distribution hub, and leases run five to ten years with built-in rent escalations.

What management level does a mountain cabin short-term rental require?

High. Nightly turnover, county-specific STR licensing and seasonal maintenance make it the most hands-on option on this list unless you hire a local manager.

How much do Colorado horse properties cost compared to standard acreage?

Horse properties in Douglas and Elbert counties command a premium over comparable acreage because of stable, paddock and arena infrastructure already in place.

What is a triple-net (NNN) lease?

A lease where the tenant pays property taxes, insurance and maintenance in addition to rent, leaving the owner with close to pure income and very low management involvement.

What environmental checks apply before buying a Colorado gas station?

Underground storage tank records and reporting through the Colorado Department of Public Health and Environment should be reviewed before closing.

How much can a billboard or cell tower lease pay on Colorado land?

$500 to several thousand dollars a month depending on location and use, on leases that run 10 to 25 years with no maintenance obligation for the landowner.

What due diligence applies before buying a Colorado equestrian property?

Confirm well and septic permits with the county health department, check zoning for boarding or training use, and verify fencing and outbuilding condition before closing on the sale.

Ask about unconventional Colorado investment properties

I agree to be contacted by The Kenna Real Estate Group via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. For more information, please review our Privacy Policy.
WRITTEN BY
Brian Lee Burke
Brian Lee Burke
Team Leader and Licensed Broker, REALTOR® since 2002, Author

Brian Lee Burke is the founder and team leader of Kenna Real Estate Group, a real estate team at Keller Williams DTC. A licensed REALTOR® since 2002, Brian helps Colorado buyers and sellers navigate residential real estate, new construction, pricing, and negotiation. He is also the author of The Real Estate Playbook and Mastering Real Estate: Your Guide to Becoming a Top Agent.

View Brian Lee Burke’s full profile.