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    7251 Samuel Dr Denver, CO 80221

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    102-unit multifamily property near Downtown Denver with value-add potential.

    Type:Multifamily
    Property size:
    55,638 SF
    Price / SF:
    $219/SF
    Added:
    Nov 18, 2024
    Days on Market:
    522
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 7251 Samuel Dr

    General Information

    Standard status
    Active
    Size
    55,638 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Andrew Vollert

    Listing agent Andrew Vollert License #FA100097790

    Listing office Kaufman Hagan Commercial Real Estate

    Listing date Nov 18, 2024

    Source Crexi

    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 Kaufman Hagan Commercial Real Estate

    Overview

    Denver Multifamily Investment Opportunity

    Revival on 72nd is a 102-unit multifamily property located at 7251 Samuel Dr in Denver. The property is situated 10 minutes north of Downtown Denver and the North Metro Denver Business Corridor, providing access to employment hubs, including the NW Business Corridor, Broomfield, Interlocken, and Boulder. Its location allows connectivity to Interstate 25, Highway 36, and amenities such as the Westminster Plaza Shopping Center, grocers, dining, and entertainment options. The property consists of three identical, three-story exterior walkup buildings, comprising 96 one-bedroom units and six two-bedroom units. Built in 1970, Revival on 72nd features off-street parking, maintained common areas, a manager’s office, and on-site laundry facilities. Recent upgrades include vinyl double-pane windows, LVT flooring, paint, updated electrical systems, new/repaired boilers, and solar panels. The property has streamlined operations and recent upgrades. With cosmetic renovations to the kitchens and bathrooms, Revival on 72nd is an attractive value-add opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Revival on 72nd Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.0082149
    Latitude
    39.8283125

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    FAQs

    What type of property is this?
    Apartment building - 102-unit multifamily property near Downtown Denver with value-add potential.
    Where is this apartment building located?
    The property is located at 7251 Samuel Dr Denver, CO.
    What is the asking price?
    The asking price for this property is $12,240,000.
    What are key features of this property?
    This property features: Value‑add opportunity with potential for increased rents through cosmetic kitchen and bathroom renovations.; **Recently upgraded with vinyl double‑pane windows, LVT flooring, fresh paint, updated electrical systems, new/repaired boilers, and solar panels.**; **Excellent location: 10 minutes from Downtown Denver and the North Metro Denver Business Corridor, with easy access to I‑25 and Highway 36.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Vollert
    Real Estate License ID: FA100097790
    Learn More
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    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
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