Add Listing
    For Sale
    • 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

    8770 Galen Ct Denver, CO 80229

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,750,000

    Multifamily property with rental upside and recent capital improvements.

    Property size:
    30,802 SF
    Lot size:
    1.24 Acres

    Property Features for 8770 Galen Ct

    General Information

    Standard status
    Active
    Size
    30,802 SF
    Lot size
    1.24 Acres

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Josh Newell
    Josh Newell
    Source: Corcoran

    Listing Agency: PINNACLE REAL ESTATE ADVISORS Listing Agent: Josh Newell

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

    Learn more

    Overview

    Denver Multifamily Investment Opportunity

    This multifamily property in Denver presents an investment opportunity with immediate rental upside. The property features a mix of studio, one-bedroom, two-bedroom, and three-bedroom units. Several capital improvements have been made recently, including newer exterior stairs and stringers, walkways, windows, a boiler, sliders, electrical panels, and balcony decking. Located less than one mile from a light rail station, the property also offers quick access to Interstate 25 and downtown Denver. Residents can walk to public transportation, restaurants, retail options, and places of employment. The property is situated in a neighborhood with few rental options.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9658643
    Latitude
    39.8555715

    Nearby Similar for Sale

    • $350,000
      0.02 Acres

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames St, Denver, CO 80226
      View Details
    • $995,000
      1,233 SF

      Denver Retail/Office Building For Sale

      Charming 1,233 SF building in the heart of Denver, CO.
      4023 Zuni St, Denver, CO 80211
      View Details
    • Contact for pricing
      7,125 SF

      Denver Office Building with LEED Platinum

      Versatile Denver office space with high Energy Star rating.
      1325 E 16Th Ave, Denver, CO 80210
      View Details
    • $2,895,000
      5,985 SF

      Denver Retail Investment Opportunity

      Rare, fully leased retail property in vibrant Capitol Hill neighborhood.
      1278 Pennsylvania St, Denver, CO 80203
      View Details
    • $1,495,000
      5,220 SF

      South Broadway Retail/Office Opportunity

      Versatile retail or office space in a vibrant location.
      56 S Broadway, Denver, CO 80209
      View Details
    • $1,850,000
      6,624 SF

      Historic Building in Five Points

      Historic building near public transportation and RiNo entertainment.
      929 29Th St, Denver, CO 80205
      View Details
    • $2,000,000
      0.75 Acres

      Federal Heights Commercial Opportunity

      4,896 SF commercial building on 0.7475 acre lot.
      2975 W 92Nd Ave, Denver, CO 80260
      View Details
    • $575,000
      2,837 SF

      Retail Condo with Live/Work Space

      Retail condo with live/work possibilities in excellent location.
      1513 W 70Th Ave, Denver, CO 80221
      View Details
    • $975,000
      2,725 SF

      Retail Space with Cash Flow

      Retail property for sale with existing cash flow.
      572 Inca St, Denver, CO 80204
      View Details
    • $895,000
      1,904 SF

      Turn-Key Car Wash Opportunity

      Impressive, upgraded 4-bay car wash for sale in Denver.
      9340 Federal Blvd, Denver, CO 80260
      View Details
    • $330,000
      650 SF

      Denver Office/Retail Condo Unit

      650 SF office/retail condo unit for sale in Denver.
      2191-2195 Arapahoe St, Denver, CO 80401
      View Details
    • $959,000
      1,500 SF

      Renovated Restaurant and Tavern Space

      Fully renovated restaurant/tavern with modern bar, kitchen, and outdoor patio.
      5686 Pecos St, Denver, CO 80221
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with rental upside and recent capital improvements.
    Where is this apartment building located?
    The property is located at 8770 Galen Ct Denver, CO.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - Priced Well Below Comparable Properties; - Immediate Rental Upside; - Many Recent Capital Improvements including Exterior Stairs/Stringers, Walkways, Windows, Boiler, Sliders, Electrical Panels and Balcony Decking
    (303) 962-9555
    Request Owner's contact information
    8770 Galen Ct Denver, CO 80229
    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.
    8770 Galen Ct
    Denver, CO 80229
    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
    8770 Galen Ct Denver, CO 80229
    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!
    Listing Contact
    Josh Newell
    Josh Newell
    Real Estate License ID: FA100001439
    (303) 962-9555 (303) 962-9559
    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!