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    72nd Ave & Tower Rd Denver, CO 80249
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    Property profile & analytics

    72nd Ave & Tower Rd Denver, CO 80249

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    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 72nd Ave & Tower Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    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.

    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
    -104.772
    Latitude
    39.8273

    Comparable in this City

    • Value Estimation by Request
      3.59 Acres

      5000 Tower Rd

      Land • 3.59 Acres
      5000 Tower Rd, Denver, CO 80249
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    • Value Estimation by Request
      1.10 Acres

      64TH Ave & Yampa St

      Land • 1.10 Acres
      64TH Ave & Yampa St, Denver, CO 80249
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    • Value Estimation by Request
      1.36 Acres

      56TH Ave & Picadilly Rd

      Land • 1.36 Acres
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    • Value Estimation by Request

      Tower Rd

      Land
      0 Tower Rd, Denver, CO 80249
      View Details
    • Value Estimation by Request
      3.61 Acres

      56 56Th Ave

      Land • 3.61 Acres
      56 56Th Ave, Denver, CO 80249
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    • Value Estimation by Request
      16.50 Acres

      48Th Ave

      Land • 16.50 Acres
      0 48Th Ave, Aurora, CO 80249
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale on Tower Road

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      Land Near Public Amenities

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      Green Valley Ranch Land Opportunity

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      Commercial Pads For Sale

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      Retail and Restaurant Pads Available

      Retail and restaurant pads for lease or purchase.
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    Similar Nearby for Lease

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      295,337 SF

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      Retail Space Available For Lease

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      DEN Aero-Industrial District Land

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      Land Near United Training Center

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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 91,677 to 174,038 SqFt.
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      Commercial Property for Lease

      Commercial property available for lease.
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    Denver, CO 80249
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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.

    More about this property
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