Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10225 Girard Ave Denver, CO 80231-5049

    • Garden apartment buildings
    • 183,845 SF
    • 9.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2022
    $50,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0752633
    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

    • Five stars drywall llc / General Contractor
    • 39 North Apartments / Apartment Building / Apartment Complex
    • ABC Windows / Hardware & Home Improvement / Interior Design
    • Milenio Africano LLC / Logistics Company
    • FOCUS Consulting Group, LLC / Business Service Center

    Property Details for 10225 Girard Ave

    Year built
    1978
    Construction
    WOOD
    Lot size
    9.07 lot acres
    Property size
    183,845 SF
    Zone code
    R-2-A
    Property type
    Garden apartment buildings
    APN
    06345-00-049-000
    APU
    634500049000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $49,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $46,525,000
      6.5%
      $42,945,000
      7%
      $39,880,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $58,689,000
      Market price range: $40.7M - $77.9M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $57,150,000
      Current use
      RESTAURANT
      $75,185,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $73,635,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $59,670,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $59,505,000
      Change: +4% Conversion: Moderate
      RETAIL STORES
      $59,125,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $55,825,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.869
    Latitude
    39.657
    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
    $279,270
    $277,370
    $3,326,760
    $3,604,130
    -
    $4,194,900
    $49,653,100
    $53,848,000

    Comparable in this City

    • Value Estimation
      $24,435,000
      162,201 SF

      8525 Hampden Ave

      GARDEN APT, COURT APT (5+ UNITS) • 162,201 SF
      8525 Hampden Ave, Denver, CO 80231-4821
      View Details
    • Value Estimation
      $20,885,000
      143,698 SF

      1771 Quebec Way

      GARDEN APT, COURT APT (5+ UNITS) • 143,698 SF
      1771 Quebec Way, Denver, CO 80231-5697
      View Details
    • Value Estimation
      $17,405,000
      121,054 SF

      3300 Tamarac Dr, Unit 3400

      GARDEN APT, COURT APT (5+ UNITS) • 121,054 SF
      3300 Tamarac Dr, Denver, CO 80231-4377
      View Details
    • Value Estimation
      $27,010,000
      229,952 SF

      8405 Hampden Ave

      GARDEN APT, COURT APT (5+ UNITS) • 229,952 SF
      8405 Hampden Ave, Denver, CO 80231-4841
      View Details
    • Value Estimation
      $5,370,000
      38,894 SF

      3441 Akron St, Unit 92

      GARDEN APT, COURT APT (5+ UNITS) • 38,894 SF
      3441 Akron St, Denver, CO 80231-4688
      View Details
    • Value Estimation
      $1,920,000
      12,143 SF

      9900 Girard Ave

      GARDEN APT, COURT APT (5+ UNITS) • 12,143 SF
      9900 Girard Ave, Denver, CO 80231-5516
      View Details

    Similar Nearby for Sale

    • $15,000,000

      Denver Multifamily Investment Opportunity

      Multifamily property for sale in Denver, Colorado.
      3430 S Akron St, Denver, CO 80231
      View Details
    • $2,100,000
      20,858 SF

      Distressed 33-Unit Condo Portfolio

      Investment opportunity with significant discount due to fire incidents.
      1300 S Parker Rd, Denver, CO 80231
      View Details
    • $344,000

      Remodeled Denver Commercial Office Condo

      Adaptable medical/professional space in central Denver location with financial advantages.
      1231 S Parker Rd, Denver, CO 80231
      View Details
    • Contact for pricing
      433 SF

      Small Office Condo For Sale

      Rare opportunity to own a small office condo.
      1231 S Parker Rd, Denver, CO 80231
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      105,671 SF

      2170 Parker Rd

      Office properties & Spaces • 105,671 SF
      2170 Parker Rd, Denver, CO 80231
      View Details
    • Contact for pricing
      487 SF

      Functional Flex Property For Rent

      High-image flex property minutes from I-25 and I-225.
      2305 S Syracuse Way, Denver, CO 80231
      View Details
    • Contact for pricing
      2,435 SF

      Denver Flex Space Available

      Flex space with parking, access to I-25 and I-225.
      2452 S Trenton Way, Denver, CO 80231
      View Details
    • $19 SF/Yr
      550 SF

      Denver Office Space For Lease

      Office spaces available in a large industrial building in Denver.
      1980 Quebec St, Denver, CO 80231
      View Details
    • $13 SF/Yr
      12,322 SF

      Denver Industrial Warehouse Space

      12,322 SF Warehouse, 2,025 SF Available
      0 Quebec St, Denver, CO 80231
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Walmart

      Endcap retail space with high visibility and ample parking.
      1402-1422 S Parker Rd, Denver, CO 80231
      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.
    10225 Girard Ave
    Denver, CO 80231-5049
    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.
    Sign Up Successful!
    You now have access to more from Realmo!