Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    1023-1033 Santa Fe Dr Denver, CO 80204

    • Office Properties & Spaces
    • 44,000 SF
    • 0.72 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1023-1033 Santa Fe Dr

    Year built
    1911
    Lot size
    0.72 lot acres
    Property size
    44,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional Class A creative office building, located at 1023-1033 Santa Fe Drive in Denver, Colorado, offers a unique blend of historic charm and modern functionality. Originally constructed in 1911 and extensively renovated in 2019, this 44,000 square foot property sits on a 0.72-acre lot in the desirable 80204 zip code. The building features multiple tenancies, providing flexibility for businesses of various sizes. Currently, there are two available spaces ranging from 1,540 to 4,200 square feet, perfect for companies seeking a dynamic and inspiring work environment. Located in Denver County, this property benefits from its prime location within Denver's thriving creative district. The 2019 renovation ensured the building meets the highest standards of modern office space, while retaining its original character. This is an excellent opportunity to secure a prestigious address in a highly sought-after area. The property's size and layout offer significant potential for a variety of businesses. Interested parties are encouraged to inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.999
    Latitude
    39.7328

    Comparable in this City

    • Value Estimation by Request
      5,794 SF

      931 Santa Fe Dr

      Individual retail properties • 5,794 SF
      931 Santa Fe Dr, Denver, CO 80204
      View Details
    • Value Estimation by Request
      30,443 SF

      938 8Th Ave

      Office space • 30,443 SF
      938 8Th Ave, Denver, CO 80204
      View Details
    • Value Estimation by Request

      771 Santa Fe Dr

      Office space
      771 Santa Fe Dr, Denver, CO 80204
      View Details
    • Value Estimation
      $320,000
      1,396 SF

      1175 Osage St, Unit 103

      CONDOMINIUM OFFICES • 1,396 SF
      1175 Osage St, Denver, CO 80204-3443
      View Details
    • Value Estimation
      $325,000
      302 SF

      910 Santa Fe Dr, Unit 25

      CONDOMINIUM OFFICES • 302 SF
      910 Santa Fe Dr, Denver, CO 80204-3976
      View Details
    • Value Estimation
      $385,000
      993 SF

      800 8th Ave, Unit 104

      CONDOMINIUM OFFICES • 993 SF
      800 8th Ave, Denver, CO 80204-4332
      View Details

    Similar Nearby for Sale

    • $699,000
      2,198 SF

      Denver Office Space For Sale

      2,198 SF office space available in Denver, Colorado.
      2011 Cherokee St, Denver, CO 80204
      View Details
    • $450,000
      1,429 SF

      Denver Mixed-Use Building For Sale

      Versatile 1,429 SF building in Denver's commercial district.
      144 W 11Th St, Denver, CO 80204
      View Details
    • $799,000
      3,112 SF

      Downtown Denver Office Condo

      Office condo in the heart of Downtown Denver.
      1350 Lawrence St, Denver, CO 80204
      View Details
    • Contact for pricing
      8,647 SF

      Office Loft with In-Suite Gym

      Ground floor office loft featuring an in-suite gym and shower.
      1301 Wazee St, Denver, CO 80204
      View Details
    • $425,000

      Versatile Denver Commercial Building

      1,429 SF building in Denver's commercial district.
      144 W 11Th Ave, Denver, CO 80204
      View Details
    • $1,400,000

      Versatile Flex Space on Speer

      3,000 SF flex space suitable for various business operations.
      1240 Speer Blvd, Denver, CO 80204
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      44,000 SF

      Santa Fe Drive Creative Office Spaces

      Denver's vibrant office spaces available.
      1023-1033 Santa Fe Dr, Denver, CO 80204
      View Details
    • Contact for pricing
      2,650 SF

      Office Space on Santa Fe

      Office space available for rent on Santa Fe Drive.
      753 Santa Fe Dr, Denver, CO 80204
      View Details
    • $475,000
      1,429 SF

      Prime Denver Commercial Space

      Versatile commercial space in the heart of Denver, Colorado.
      128-146 W 11Th Ave, Denver, CO 80204
      View Details
    • $30 SF/Yr
      2,625 SF

      Santa Fe Arts District Showroom

      Showroom/office space in the heart of the Santa Fe Arts District.
      901 Santa Fe Dr, Denver, CO 80204
      View Details
    • $1,950,000
      6,250 SF

      Downtown Denver Retail/Office Space

      Retail or office space with parking in Downtown Denver.
      1336 Glenarm Pl, Denver, CO 80204
      View Details
    • $14 SF/Yr
      7,199 SF

      Santa Fe Arts District Office

      Office space in the heart of Santa Fe Arts District.
      543 Santa Fe Dr, Denver, CO 80204
      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.
    1023-1033 Santa Fe Dr
    Denver, CO 80204
    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.