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    Property profile & analytics

    3395 Broadway Englewood, CO 80110

    • Strip malls
    • 7,280 SF
    • 0.22 lot acres
    For Lease
    View listing
    Last Sale
    Nov 21, 2022
    $3,100,000
    Value Estimations
    $3,615,000
    Cap Rate Potential
    3.3%
    Strip malls
    Location Intelligence
    Property ID
    US13-0824334
    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

    • Strip malls

    Property Details for 3395 Broadway

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    7,280 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1971-34-3-00-019
    APU
    197134300019

    Description

    This exceptional retail opportunity is located at 3395 S Broadway in the thriving downtown Englewood area. The property boasts a newly renovated facade and has undergone significant redevelopment, presenting a modern and attractive storefront. Its prime location on Broadway ensures high visibility and accessibility for customers. The space is currently configured for multiple tenants, offering flexibility for businesses of varying sizes. It is divisible into units suitable for one to three separate tenants, providing options for collaborative ventures or individual occupancy. A key feature is the inclusion of a dedicated elevator, enhancing accessibility and convenience for both tenants and customers. Furthermore, a rooftop patio adds a unique amenity, offering potential for outdoor seating or private events, depending on tenant needs and lease agreements. This property presents a rare chance to establish a presence in a vibrant and growing commercial district, benefiting from high foot traffic and a strong local economy. The building's recent upgrades ensure a modern and well-maintained environment, ideal for businesses seeking a high-quality space in a desirable location. Interested parties should inquire about specific unit sizes and lease terms. The property's location in Arapahoe County further underscores its strategic position within a robust and expanding market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,115,000
      Market price range: $1.45M - $4.25M
      AI Estimate
      $4,115,000
      Market price range: $1.45M - $4.25M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,520,000
      Current use
      COMMERCIAL (GENERAL)
      $4,070,000
      Change: +61% Conversion: Easy
      RESTAURANT
      $3,545,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,420,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $3,090,000
      Change: +23% Conversion: Easy
      MEDICAL BUILDING
      $2,245,000
      Change: -11% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,150,000
      Change: -15% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,115,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.988
    Latitude
    39.6552
    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
    2021
    $29,821
    $0.00
    $0.00
    $760,833
    -
    $288,600
    $2,468,400
    $2,757,000

    Comparable in this City

    • Value Estimation by Request
      12,872 SF

      2950 Broadway, Unit A

      SHOPPING CENTER, STRIP CENTER • 12,872 SF
      2950 Broadway, Englewood, CO 80113-1503
      View Details
    • Value Estimation by Request
      6,080 SF

      3477 Logan St

      SHOPPING CENTER, STRIP CENTER • 6,080 SF
      3477 Logan St, Englewood, CO 80113-2629
      View Details
    • Value Estimation by Request
      16,290 SF

      1610 Girard Pl

      SHOPPING CENTER, STRIP CENTER • 16,290 SF
      1610 Girard Pl, Englewood, CO 80113-3100
      View Details
    • Value Estimation by Request
      2,100 SF

      3501 Logan St

      SHOPPING CENTER, STRIP CENTER • 2,100 SF
      3501 Logan St, Englewood, CO 80113-3730
      View Details
    • Value Estimation by Request
      6,084 SF

      3741 Broadway

      SHOPPING CENTER, STRIP CENTER • 6,084 SF
      3741 Broadway, Englewood, CO 80113-3611
      View Details
    • Value Estimation by Request
      6,980 SF

      3914 Broadway

      SHOPPING CENTER, STRIP CENTER • 6,980 SF
      3914 Broadway, Englewood, CO 80113
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      9,700 SF

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      Englewood Retail Space For Lease

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      Broadview Retail Space Available

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    • $1,302 /Mo
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      Retail Space Near Broadway

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    • $26 SF/Yr
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      Englewood Retail Space For Rent

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      View Details
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    3395 Broadway
    Englewood, CO 80110
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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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