Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    628 E Evans Dr Denver, CO 80013

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space near University of Denver and South Pearl Street.

    Property size:
    2,844 SF
    Lot size:
    0.14 Acres

    Property Features for 628 E Evans Dr

    General Information

    Size
    2,844 SF
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    James Jamie Mitchell
    James Jamie Mitchell
    Source: Moodyscre

    Listing Agency: Pinnacle Real Estate Advisors Listing Agent: James Jamie Mitchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near University of Denver

    This 2,844-square-foot retail space benefits from a prime location near the University of Denver and South Pearl Street. The property offers strong visibility along a highly trafficked thoroughfare and provides quick access to South Broadway and University Boulevard. The new owner is investing in substantial upgrades for qualified tenants, offering an opportunity for a new tenant to be involved in the planning process.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Building Supply Skin Care Clinic Accounting Firm Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.1734557
    Latitude
    39.6768236

    Nearby Similar for Lease

    • Contact for pricing

      CO, Denver - Civic Center

      Workspaces, services and support to help you grow your business in CO, Denver - Civic Center
      1560 Broadway, Denver, CO 80202
      View Details
    • Sponsored
      Contact for pricing

      CO, Denver - 455 Sherman St

      Workspaces, services and support to help you work better in CO, Denver - 455 Sherman St
      455 Sherman St, Denver, CO 80203
      View Details
    • Contact for pricing

      CO, Denver - E Mississippi Ave

      Workspaces, services and support to help you work better in John Hancock Center
      4100 Mississippi Ave, Denver, CO 80246
      View Details
    • Contact for pricing

      Spaces Fillmore Street

      Find fully flexible work and meeting space in Spaces Fillmore Street
      250 Fillmore St, Denver, CO 80206
      View Details
    • Contact for pricing

      Spaces Ballpark

      Find fully flexible work and meeting space in Spaces Ballpark
      2301 Blake St, Denver, CO 80205
      View Details
    • Contact for pricing

      CO, Denver- W 48th Ave

      Discover many ways to work your way in Fort Washington
      400 48Th Ave, Denver, CO 80216
      View Details
    • Contact for pricing

      CO, Denver - Sherman St

      Flexible workspace in MI, Lansing - S Capitol Ave
      789 Sherman St, Denver, CO 80203
      View Details
    • Contact for pricing

      Northfield at Stapleton

      Discover many ways to work your way in Piedmont Southpark
      8354 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing

      DTC Tech

      Discover many ways to work your way in Gainey Ranch
      4600 Syracuse St, Denver, CO 80237
      View Details
    • Contact for pricing

      DTC Corporate Center III

      Discover many ways to work your way in Kendall Square
      7900 Union Ave, Denver, CO 80237
      View Details
    • Contact for pricing

      CO, Denver - Quebec St

      Discover many ways to work your way in TX, Flower Mound - Long Prairie Road
      3401 Quebec St, Denver, CO 80207
      View Details
    • Contact for pricing

      Denver Place

      Discover many ways to work your way in Kendall Square
      999 18Th St, Denver, CO 80202
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space near University of Denver and South Pearl Street.
    Where is this retail space located?
    The property is located at 628 E Evans Dr Denver, CO.
    What are key features of this property?
    This property features: - Prime location near University of Denver & South Pearl Street; - Strong visibility along highly trafficked thoroughfare; - New owner investing in substantial upgrades for qualified tenants
    (303) 962-9571 Call to check price and availability
    Request Owner's contact information
    628 E Evans Dr Denver, CO 80013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    628 E Evans Dr
    Denver, CO 80013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    628 E Evans Dr Denver, CO 80013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Jamie Mitchell
    James Jamie Mitchell
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!