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    1899 Acoma St Denver, CO 80223

    Sponsored
    For Sale
    $3,200,000

    Fully entitled 42-unit apartment building, Denver.

    Property size:
    62,155 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a fully entitled and planned 5-story, 42-unit multifamily development in Denver, Colorado, located at 1899 S Acoma St, 80223. Priced at $3,200,000, this vacant property boasts 62,155 square feet on a 12,415 square foot lot and includes 38 parking spaces. The property is zoned CMX-5 and features a 6.00% cap rate. The sale includes land, architectural drawings, all engineering documents, a survey, soils report, and specifications manual. All necessary governmental licenses and approvals are in place, allowing for immediate commencement of construction in February 2024, with potential stabilization within 18 months. Situated just south of downtown Denver and near the Evans Light Rail station, this development offers convenient access to public transportation, entertainment, and dining. The project is grandfathered in from Denver's affordable housing ordinances, ensuring 100% market-rate units. This turnkey opportunity significantly reduces the typical development timeline, eliminating the need for extensive planning and approval processes, and pre-paid soft costs. The property's APN is 5226-16-032. This is a gross lease property.

    Property Features for 1899 Acoma St

    General Information

    Property type
    Multifamily properties
    Square Feet
    62,155 SF

    HighLights

    • Fully entitled Denver land; ready for immediate construction.
    • 100% market‑rate units; grandfathered from Denver affordable housing ordinances.
    • Walking distance to light rail; provides easy access to downtown Denver.
    • Substantial time savings (18‑24 months) in development due to pre‑approved plans and paid soft costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.989126
    Latitude
    39.68237

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    FAQs

    What type of property is this?
    Multifamily property - Fully entitled 42-unit apartment building, Denver.
    Where is this multifamily property located?
    The property is located at 1899 Acoma St Denver, CO.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Fully entitled Denver land; ready for immediate construction.; 100% market-rate units; grandfathered from Denver affordable housing ordinances.; Walking distance to light rail; provides easy access to downtown Denver.
    Request Owner's contact information
    1899 Acoma St Denver, CO 80223
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    Realmo Value Estimation

    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.

    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.

    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
    1899 Acoma St Denver, CO 80223
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