Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    100 120th Avea Northglenn, CO 80233-5716

    • Turn key restaurants
    • 6,346 SF
    • 1.61 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1742691
    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

    • Parry's Pizzeria & Taphouse / Bar / Beer Garden
    • Dr. Swarada Karmarkar / Dentist
    • Quest Diagnostics / Drug Testing Service / Hiv Testing Center
    • First Watch / Restaurant / Breakfast Restaurant
    • Dr. Zaid Al Salman / Dentist / Dental Implants Periodontist

    Property Details for 100 120th Avea

    Year built
    2013
    Lot size
    1.61 lot acres
    Property size
    6,346 SF
    Property type
    Turn key restaurants
    APN
    R0181758
    APU
    R0181758

    Description

    This exceptional 5,157 square foot free-standing retail or restaurant building is located at 100 E. 120th Avenue in Northglenn, Colorado, within Adams County (zip code 80233). The property is currently operating as a single-tenant establishment and offers a turnkey opportunity for sale or lease. The building boasts nearly new fixtures, furniture, and equipment (FF&E), included in the sale or lease. This prime location benefits from a dense residential population and significant daytime traffic. The property enjoys excellent visibility and is situated amongst a vibrant mix of established businesses, including Parry's Pizza, Panera Bread, Longhorn Steakhouse, Bad Daddy's Burger Bar, and Cafe Rio, ensuring high foot traffic and strong consumer presence. The property is currently occupied, therefore, please do not disturb the tenant. Contact us for pricing and further details on this exceptional investment opportunity. This is a single-tenant property in a high-demand area, making it an ideal investment for a savvy buyer or tenant seeking a thriving business location. The property's size and location make it suitable for a variety of restaurant or retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $729,000
      Market price range: $613k - $1.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Northglenn
    County
    Adams
    State
    Colorado
    Longitude
    -104.987
    Latitude
    39.9135
    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
    $65,598
    $468,490
    $50,890
    $519,380
    -
    $1,679,186
    $182,404
    $1,861,590

    Comparable in this City

    • Value Estimation
      $410,000
      6,700 SF

      3909 120th Ave

      RESTAURANT • 6,700 SF
      3909 120th Ave, Thornton, CO 80233-1644
      View Details
    • Value Estimation
      $405,000
      5,006 SF

      297 120th Ave

      RESTAURANT • 5,006 SF
      297 120th Ave, Thornton, CO 80233-5704
      View Details
    • Value Estimation
      $355,000
      8,385 SF

      1151 120th Ave

      RESTAURANT • 8,385 SF
      1151 120th Ave, Thornton, CO 80233-5712
      View Details
    • Value Estimation
      $450,000
      6,640 SF

      1251 120th Ave

      RESTAURANT • 6,640 SF
      1251 120th Ave, Thornton, CO 80233-5713
      View Details
    • Value Estimation
      $380,000
      2,080 SF

      810 120th Ave

      RESTAURANT • 2,080 SF
      810 120th Ave, Northglenn, CO 80233-1201
      View Details
    • Value Estimation
      $4,095,000
      6,160 SF

      497 120th Ave

      RESTAURANT • 6,160 SF
      497 120th Ave, Thornton, CO 80233-5706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,445 SF

      High-Profile Retail Shops in Northglenn

      50,445 SF retail center in a high-traffic area.
      11932 Washington St, Denver, CO 80233
      View Details
    • $2,475,000
      4,170 SF

      Versatile Retail Space For Sale

      Retail property with open floor plan and onsite parking.
      11091 Irma Dr, Northglenn, CO 80233
      View Details
    • Contact for pricing

      Land at Highway 2 Intersection

      Land with excellent exposure and visibility at a major intersection.
      12151 E 104Th Ave, Commerce City, CO 80233
      View Details
    • Contact for pricing

      Commerce City Land For Sale

      Land with development opportunities in Commerce City, Colorado.
      12450 E 104Th Ave, Commerce City, CO 80233
      View Details
    • $692,604

      Commerce City Vacant Lot

      Build-ready lot in growing Commerce City marketplace.
      12432 E 104Th Ave, Commerce City, CO 80233
      View Details
    • Contact for pricing
      19,350 SF

      Commerce City Land Opportunity

      2.31 acres of land with a 19,350 SF building.
      7160 Eudora Dr, Commerce City, CO 80233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,150 SF

      Retail Space in King Soopers Center

      Retail space available in a busy, growing residential area.
      15101 E 104Th Ave, Commerce City, CO 80233
      View Details
    • Contact for pricing
      1,534 SF

      Retail/Office Space Near 7-Eleven

      Retail or office space adjacent to a modern 7-Eleven.
      12241 E 104Th Ave, Commerce City, CO 80233
      View Details
    • Contact for pricing
      16,364 SF

      Thornton Retail/Office Space For Lease

      Prime Thornton location, 16,364 sq ft available.
      1200 104Th Ave, Thornton, CO 80233
      View Details
    • Contact for pricing
      12,774 SF

      Northglenn Retail Center Opportunity

      Grocery-anchored retail space available in Northglenn, CO.
      120th Ave & Washington St, Northglenn, CO 80233
      View Details
    • $10 SF/Yr
      34,225 SF

      Warehouse/Manufacturing Property with Large Yard

      Warehouse/Manufacturing property featuring a large yard and convenient highway access.
      11055 Leroy Dr, Northglenn, CO 80233
      View Details
    • Contact for pricing
      272,672 SF

      Commerce City Warehouse Space Available

      Industrial warehouse space for lease in Commerce City, Colorado.
      11011 E 104Th Ave, Commerce City, CO 80233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    100 120th Avea
    Northglenn, CO 80233-5716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.