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    538 17Th Ave Denver, CO 80203
    Property profile & analytics

    538 17Th Ave, Denver, CO 80203

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    • Retail properties & Spaces
    • 14,295 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carrie Bowman, Professional Certified Coach, MA, PCC, CLC / Life Coach / Psychotherapist
    • The Grand / Building Supply / General Contractor
    • FASTUP STRUCTURES AMERICA INC / Tool Wholesaler

    Property Details for 538 17Th Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 14,295 square foot Class A storefront in Denver's vibrant Uptown neighborhood is offered at $6,500,000 ($454.70/SF). Located at 538 E 17th Ave, this newly constructed space boasts impressive ceiling heights and is 100% vacant, offering a blank canvas for customization. The property sits on a 62,074 square foot lot and includes 50 deeded parking spaces, a significant advantage in this densely populated area. Its prime location earns a Walk Score of 96 and a Transit Score of 78, reflecting its accessibility and walkability. Zoned PUD-G. DO-1, this property is ideal for a variety of retail or office uses, benefiting from its proximity to the AMLI Uptown apartment building (316 units, completed 2020) and its position along Restaurant Row. The Uptown neighborhood's eclectic mix of modern high-rise apartments and restored Victorian homes creates a unique and desirable atmosphere, attracting a high-income demographic. This is a rare opportunity to acquire a modern, highly customizable space in one of Denver's most sought-after locations.

    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
    -104.98
    Latitude
    39.7432

    Comparable in this City

    • Value Estimation by Request
      10,732 SF

      450 17Th Ave

      Individual retail properties
      450 17Th Ave, Denver, CO 80203
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    • Value Estimation by Request
      1,492 SF

      975 Lincoln St, Unit C1GNT

      RETAIL STORES (PERSONAL SERVICES)
      975 Lincoln St, Denver, CO 80203-2725
      View Details
    • Value Estimation
      $3,200,000
      15,164 SF

      700 Lincoln St, Unit 714

      RETAIL STORES (PERSONAL SERVICES)
      700 Lincoln St, Denver, CO 80203-3416
      View Details
    • Value Estimation
      $2,855,000
      14,619 SF

      661 Logan St

      RETAIL STORES (PERSONAL SERVICES)
      661 Logan St, Denver, CO 80203-3610
      View Details
    • Value Estimation by Request
      582 SF

      550 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      550 6th Ave, Denver, CO 80203-3882
      View Details
    • Value Estimation
      $1,000,000
      4,785 SF

      277 Broadway Ste 1a

      RETAIL STORES (PERSONAL SERVICES)
      277 Broadway Ste 1a, Denver, CO 80203-5903
      View Details

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      Retail Space in Uptown Denver

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      Retail Space in Capitol Hill/Uptown

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      Restaurant Space at 6th & Broadway

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      Broadway Restaurant Space with Basement

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      Prime Corner Lot Restaurant Space

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      100-104 N Broadway, Denver, CO 80203
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    538 17Th Ave
    Denver, CO 80203
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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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