Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    801 Prentice Pl Littleton, CO 80120

    • Apartment buildings
    • 6,789 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 801 Prentice Pl

    Year built
    1960
    Property size
    6,789 SF
    Property type
    Apartment buildings

    Description

    This exceptional 9-unit apartment building, located at 801 W Prentice Pl in Littleton, Colorado, presents a compelling investment opportunity. Built in 1960 and extensively renovated in 2024, this three-story building boasts 6,789 square feet on an 8,059 square foot lot. All nine units are two-bedroom, one-bathroom apartments, each featuring modern upgrades including stainless steel appliances, new countertops, and new flooring. Individual water heaters and furnaces ensure efficient utility management for both tenants and the owner. In-unit laundry adds to the convenience and desirability of these apartments. The property's prime location within the high-demand Littleton submarket ensures strong rental income and a high occupancy rate. The building's excellent condition and recent renovations minimize immediate capital expenditure needs, making it an attractive, low-maintenance investment. This well-maintained asset commands top-of-market rents, offering a stable and potentially lucrative return on investment. The property is situated in Arapahoe County, Colorado, with a zip code of 80120. This is a strategic investment opportunity in a thriving Colorado community. The asking price for this exceptional property is $2,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.997
    Latitude
    39.6197

    Comparable in this City

    • Value Estimation by Request

      5551 Delaware St

      Multifamily properties
      5551 Delaware St, Littleton, CO 80120
      View Details
    • Value Estimation by Request
      2,392 SF

      2526 Alamo Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,392 SF
      2526 Alamo Ave, Littleton, CO 80120-1902
      View Details
    • Value Estimation
      $1,005,000
      2,175 SF

      5320 Elati St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,175 SF
      5320 Elati St, Littleton, CO 80120-1599
      View Details
    • Value Estimation
      $1,070,000
      3,108 SF

      6060 Prince St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,108 SF
      6060 Prince St, Littleton, CO 80120-2588
      View Details
    • Value Estimation by Request
      3,600 SF

      5484 Huron St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,600 SF
      5484 Huron St, Littleton, CO 80120-5105
      View Details
    • Value Estimation by Request
      875 SF

      137 Broadmoor Dr, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 875 SF
      137 Broadmoor Dr, Littleton, CO 80120-2443
      View Details

    Similar Nearby for Sale

    • $1,750,000
      8,556 SF

      Littleton Apartment Building with Units

      12-unit apartment building in Littleton, mostly two-bedroom units.
      5570 S Elati St, Littleton, CO 80120
      View Details
    • $2,175,000
      6,789 SF

      Littleton Multifamily Property For Sale

      Updated 9-unit multifamily property in high-demand Littleton submarket.
      801 W Prentice Ave, Littleton, CO 80120
      View Details
    • $4,290,000
      18,087 SF

      Littleton Apartment Building Sold

      31-unit apartment building in Littleton, Colorado.
      5318-5348 S Fox St, Littleton, CO 80120
      View Details
    • $1,065,000
      5,184 SF

      Littleton Multifamily Property Sold

      Eight-unit multifamily property in Littleton, Colorado.
      5359 S Elati St, Littleton, CO 80120
      View Details
    • $3,200,000
      8,274 SF

      Littleton Multifamily Investment Opportunity

      Prime location near downtown, parks, and excellent schools.
      1404 W Lake Ave, Littleton, CO 80120
      View Details
    • $3,370,000
      16,830 SF

      29-Unit Apartment Building in Littleton

      29-unit apartment building in Littleton, Colorado with 16,830 square feet.
      499 West Progress Ave, Littleton, CO 80120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,871 SF

      Littleton Retail Center - 10 Spaces Available

      Prime Littleton retail & office space. Multiple sizes, excellent location.
      1500 Littleton Blvd, Littleton, CO 80120
      View Details
    • $19 SF/Yr
      2,010 SF

      Littleton Office Space For Rent

      Office space available in Littleton, Colorado, with customizable build-out.
      991 Southpark Dr, Littleton, CO 80120
      View Details
    • Contact for pricing
      1,034 SF

      Main Street Office and Retail

      Office and retail spaces with mountain views and parking.
      2679 W Main St, Littleton, CO 80120
      View Details
    • Contact for pricing
      1,670 SF

      Grocery-Anchored Retail Space Available

      Retail space in high-income area near hospital and trails.
      101 W Mineral Ave, Littleton, CO 80120
      View Details
    • $56 SF/Yr
      12,772 SF

      Regus Kellogg Center Office Suites

      Flexible Workspaces, Arapahoe County
      26 Dry Creek Cir, Littleton, CO 80120
      View Details
    • $25 SF/Yr
      1,000 SF

      Littleton Retail Space Available

      1,000 sq ft prime Littleton location
      2692 Alamo Ave, Littleton, CO 80120
      View Details
    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.
    801 Prentice Pl
    Littleton, CO 80120
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.