Technical
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Property profile

72nd Ave & Tower Rd Denver, CO 80249

OFF-MARKET
Land
2 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Denver, Colorado. Two distinct parcels are available, catering to diverse development needs. The first parcel encompasses approximately 2 acres situated at the southwest corner of 72nd Avenue and Tower Road. This site has already received approvals for gas station and drive-thru uses, making it ideal for quick-service restaurants or fuel retailers. The second parcel, significantly larger at approximately 5.4 acres, offers even greater flexibility. Approved for multiple uses, this parcel also presents the possibility of subdivision, allowing for tailored development to suit specific project requirements. Both parcels benefit from an unparalleled location, boasting proximity to a thriving hospitality sector. Over 4,000 hotel rooms are currently operational within a 1.5-mile radius of Tower Road, ensuring high visibility and potential customer traffic. Furthermore, the property's strategic location, just 1.7 miles from the Gaylord of the Rockies – a substantial 480,000 square foot convention center and 1,500-room resort hotel – provides access to a significant pool of potential customers and significant foot traffic. The area's growth trajectory is further solidified by United Airlines' recent acquisition of 113 acres on nearby 64th Avenue for a new training center, slated to begin construction in 2025. This development underscores the area's ongoing expansion and long-term potential. The zip code is 80249, and the precise location is 72nd Ave & Tower Rd, Denver County, Colorado.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

72nd Ave & Tower Rd Denver, CO 80249
Denver metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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