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    1899 Acoma St Denver, CO 80223

    • Commercial real estate
    • 12,419 SF
    • 0.29 lot acres
    For Sale
    View listing
    $3,200,000
    Value Estimation
    Location Intelligence
    Property ID
    US13-0956191
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1899 Acoma St

    Lot size
    0.29 lot acres
    Property size
    12,419 SF
    Zone code
    C-MX-5
    Property type
    Commercial real estate
    APN
    05226-16-032-000
    APU
    522616032000

    Description

    This exceptional opportunity presents a fully entitled and planned 5-story, 42-unit multifamily development in Denver, Colorado, located at 1899 S Acoma St, 80223. Priced at $3,200,000, this vacant property boasts 62,155 square feet on a 12,415 square foot lot and includes 38 parking spaces. The property is zoned CMX-5 and features a 6.00% cap rate. The sale includes land, architectural drawings, all engineering documents, a survey, soils report, and specifications manual. All necessary governmental licenses and approvals are in place, allowing for immediate commencement of construction in February 2024, with potential stabilization within 18 months. Situated just south of downtown Denver and near the Evans Light Rail station, this development offers convenient access to public transportation, entertainment, and dining. The project is grandfathered in from Denver's affordable housing ordinances, ensuring 100% market-rate units. This turnkey opportunity significantly reduces the typical development timeline, eliminating the need for extensive planning and approval processes, and pre-paid soft costs. The property's APN is 5226-16-032. This is a gross lease property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $575,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $610,000
      Mixed-Use
      $485,000
      Hospitality
      $510,000
      Educational
      $610,000
      Residential Income
      $565,000
      Energy
      $595,000
      Income-Based Land
      $630,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.989
    Latitude
    39.6824
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,263
    $346,490
    $5,360
    $351,850
    -
    $1,241,900
    $19,200
    $1,261,100

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      1940 Acoma St

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    1899 Acoma St
    Denver, CO 80223
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    Realmo Value Estimation

    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.

    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.

    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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