Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Permit-Ready Land Near Washington Blvd Title is generated by Realmo AI

    400 Russell Boulevard Thornton, Thornton, CO 80229

    View on Map
    Claim this Listing
    For Sale
    $500,000

    1.577 acre site, almost permit-ready for 14,960 SF building.

    Type:Land or Vacant Lot
    Lot size:
    1.58 Acres
    Added:
    Aug 23, 2025
    Days on Market:
    290
    Last Refresh:
    May 10 at 11:19 pm

    Property Features for 400 Russell Boulevard Thornton

    General Information

    Standard status
    Active
    Lot size
    1.58 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JUSTIN REYHER
    JUSTIN REYHER

    Listing agent JUSTIN REYHER

    Listing office BEACON REAL ESTATE SERVICES LLC

    Listing date Aug 23, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of BEACON REAL ESTATE SERVICES LLC

    HighLights

    • Permit‑ready for a 14,960 sf commercial building.
    • 1.577 acre site located just off Washington Blvd.
    • Opportunity for developers, investors, or owner‑users.
    • Ideal for a modern commercial facility.
    • Located in a growing market.
    • City Center (CC) Zoning allows for a wide range of uses.

    Overview

    This 1.577-acre site, located just off Washington Blvd, presents a unique opportunity. The property is almost permit-ready for a 14,960 square foot commercial building. This site offers developers, investors, or owner-users the chance to create a high-value asset in a growing market. The project is nearly shovel-ready for a modern commercial facility designed to meet the demand for flexible, efficient, and adaptable spaces. The property is zoned City Center (CC), providing a foundation for a range of uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.96
    Latitude
    39.8532

    Nearby Similar for Sale

    • $1,730,000

      Renovated Office Building with Parking

      Well-maintained office building near I-25 with updated common areas.
      9101 Pearl Street, Thornton, CO 80229
      View Details
    • $325,000
      10,149 SF

      Commercial Land in Thornton, Colorado

      Commercial condominium project approved for building up to 10,149 SF.
      Thornton, CO 80241
      View Details
    • $849,000
      10,400 SF

      East Lake Warehouse Opportunity

      Two buildings on a single lot with live/work potential.
      2201 Lake Ave, Thornton, CO
      View Details
    • $5,989,925
      10,640 SF

      Thornton Retail NNN Lease Opportunity

      Single tenant NNN lease in a high-traffic location.
      91 E 136th Ave, Thornton, CO 80023
      View Details
    • $349,000
      1 SF

      Thornton Land Parcel For Sale

      54,667 SF land parcel with development potential in Thornton, CO.
      Thornton, CO 80260
      View Details
    • $3,990,000
      13,500 SF

      Class A Office/Warehouse Building

      Stand-alone Class A office building with integrated warehouse for sale.
      12405 Grant St, Thornton, CO 80241
      View Details
    • $19,750,000
      144,425 SF

      Thornton Manufacturing Facility For Sale

      144,425 SF high-tech manufacturing facility 100% leased.
      12300 Grant Street, Thornton, CO 80241
      View Details
    • $280,000
      2,758 SF

      One-Level Office Condo For Sale

      One-level office condo in a three-level building.
      8801 Fox Dr, Thornton, CO
      View Details
    • $3,350,000
      16,751 SF

      Thornton Industrial Space For Sale

      16,751 SF industrial space on 1.06-acre parcel.
      8651 Grant St, Thornton, CO 80229
      View Details
    • $1,730,000
      753 SF

      Thornton Office Space Available

      753 square feet of office space for rent.
      9101 Pearl St, Thornton, CO
      View Details
    • $28,000,000
      267,177 SF

      Data Center and Office Facility

      Large data center with built-in power and cooling capacity plus generator-backed redundancy for technology tenants.
      12121 Grant St, Thornton, CO 80241
      View Details
    • $1,065,000

      Commercial Land For Sale

      Commercial land with high traffic and retail surroundings.
      10350 Colorado Blvd, Thornton, CO 80229
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.577 acre site, almost permit-ready for 14,960 SF building.
    Where is this commercial land located?
    The property is located at 400 Russell Boulevard Thornton Thornton, CO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Permit‑ready for a 14,960 sf commercial building.; 1.577 acre site located just off Washington Blvd.; Opportunity for developers, investors, or owner‑users.
    (720) 939-9494
    We can help!
    Listing Contact
    JUSTIN REYHER
    JUSTIN REYHER
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    400 Russell Boulevard, Thornton, Thornton, CO 80229
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!