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    9658 Havana St Commerce City, CO 80022
    Property profile & analytics

    9658 Havana St Commerce City, CO 80022

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    • Warehouses
    • 1,100 SF
    For Sale
    $275,000
    View Listing →
    Luxury Garage Condo in Commerce City For Sale
    $275,000
    1,100 SF

    Luxury Garage Condo in Commerce City

    1,100 SF Warehouse Condo - $275K

    Denver, CO 80022
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9658 Havana St

    Year built
    2024
    Property size
    1,100 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.866
    Latitude
    39.8719

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      9658 Havana St

      Automotive properties • 1,100 SF
      9658 Havana St, Commerce City, CO 80022
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    • Value Estimation by Request
      1,100 SF

      9658 Havana St

      Distribution properties • 1,100 SF
      9658 Havana St, Commerce City, CO 80022
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    • Value Estimation by Request
      1,500 SF

      9658 Havana St

      Distribution properties • 1,500 SF
      9658 Havana St, Commerce City, CO 80022
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    • Value Estimation by Request
      1,500 SF

      9658 Havana St

      Distribution properties • 1,500 SF
      9658 Havana St, Commerce City, CO 80022
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    • Value Estimation by Request
      1,352 SF

      9658 Havana St -

      Distribution properties • 1,352 SF
      9658 Havana St -, Commerce City, CO 80022
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    • Value Estimation by Request
      101,120 SF

      18146 84Th Ave

      Distribution properties • 101,120 SF
      18146 84Th Ave, Commerce City, CO 80022
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    Similar Nearby for Sale

    • $275,000
      1,100 SF

      Luxury Garage Condo in Commerce City

      1,100 SF Warehouse Condo - $275K
      9658 Havana St, Commerce City, CO 80022
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    • $338,000
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      Luxury Garage Condo in Commerce City

      1,352 SF Warehouse Condo for Sale
      9658 Havana St -, Commerce City, CO 80022
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    • $275,000
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      Commerce City Warehouse Condo

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    • $275,000
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      Commerce City Warehouse Condo

      Luxury garage condo, 1,100 sq ft, $250/sq ft.
      9658 Havana St, Commerce City, CO 80022
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    • $5,000,000
      13,904 SF

      Commerce City Industrial Development Land

      5.484 acres near Denver metro with industrial zoning potential.
      8690 Verbena St, Commerce City, CO 80022
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    • Contact for pricing

      Modern Distribution Facility Near Airport

      307,800 SF distribution facility near Denver International Airport.
      17897 E 84Th Ave, Commerce City, CO 80022
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    Similar Nearby for Lease

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      6,854 SF

      Heated Warehouse with Truck Park

      Warehouse with truck park, heavy power, and excellent access.
      6066 E 49Th Dr, Commerce City, CO 80022
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      101,168 SF

      New Industrial Distribution Center

      Class A warehouse near Denver International Airport available for lease.
      18146 E 84Th Ave, Denver, CO 80022
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      Commerce City Warehouse Space

      Warehouse, industrial, and distribution space available for lease.
      18146 East 84Th Ave, Commerce City, CO 80022
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      51,655 SF

      Available Warehouse Space Near Airport

      51,665 SF warehouse space with trailer parking available for lease.
      17195 E 85Th Ave, Commerce City, CO 80022
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      162,206 SF

      Commerce City Warehouse Space Available

      Available warehouse space in Commerce City, near Denver Airport.
      17010 E 88Th Ave, Commerce City, CO 80022
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    • Contact for pricing
      10,416 SF

      Warehouse with Extensive Loading Docks

      10,416 SF warehouse on 7.23 AC with 20 docks.
      6880 E 56Th Ave, Commerce City, CO 80022
      View Details
    View Listing
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    Commerce City, CO 80022
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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.

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