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    1038 6th Ave Denver, CO 80218-3303
    Property profile & analytics

    1038 6th Ave, Denver, CO 80218-3303

    View on Map
    • Retail space
    • 10,437 SF
    • 0.58 lot acres
    Off-Market
    Last Sale May 4, 2021
    $4,750,000
    Property ID
    US13-1005030
    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.
    Value Estimations
    $4,495,000
    Show details
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Bryan Niklawski - Chase Home Lending Advisor - NMLS ID 240542 / Loan Service / Bank
    • Chase Bank / Bank / Loan Service
    • VCA Firehouse Animal Hospital / Veterinary Clinic
    • ATM (Chase Bank) / Atm
    • Chase Mortgage / Loan Service / Bank

    Property Details for 1038 6th Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.58 lot acres
    Zone code
    U-MX-2
    Property type
    Retail space
    APN
    05112-05-034-000
    APU
    511205034000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 4, 2021 $4,750,000 Broadway Partners 1 LLC Rak Investments INC Special Warranty Deed $3.3M · Independent Bank
    Dec 14, 2007 — Ra K Invs INC Owner Name Unavailable Grant Deed · related —
    — — R A K Investments INC — Deed Of Trust · related $715k · American National Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,485,000
      ML approach
      $4,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,388,000
      Market price range: $1.90M - $4.89M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,355,000
      Current use
      RESTAURANT
      $4,270,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,180,000
      Change: +25% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,840,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,385,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,380,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $3,170,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.975
    Latitude
    39.7253
    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
    $61,237
    $628,730
    $161,570
    $790,300
    -
    $2,283,500
    $579,100
    $2,862,600

    Comparable in this City

    • Value Estimation
      $1,310,000
      7,789 SF

      1201 9th Ave, Unit 1217

      RETAIL STORES (PERSONAL SERVICES)
      1201 9th Ave, Denver, CO 80218-3439
      View Details
    • Value Estimation by Request
      2,477 SF

      1220 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1220 6th Ave, Denver, CO 80218-3415
      View Details
    • Value Estimation by Request
      2,670 SF

      1365 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1365 6th Ave, Denver, CO 80218-3453
      View Details
    • Value Estimation
      $1,530,000
      8,494 SF

      1600 17th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1600 17th Ave, Denver, CO 80218-1621
      View Details
    • Value Estimation
      $925,000
      5,000 SF

      939 11th Ave

      RETAIL STORES (PERSONAL SERVICES)
      939 11th Ave, Denver, CO 80218-2803
      View Details
    • Value Estimation
      $1,260,000
      7,304 SF

      1700 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1700 6th Ave, Denver, CO 80218-3616
      View Details

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      Permit-Ready Mixed-Use Development Opportunity

      Fully entitled mixed-use development with micro-apartments and retail space.
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      Capitol Hill Retail Investment Opportunity

      Retail property with stable income and built-in growth potential.
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    • $1,100,000
      3,624 SF

      Retail Investment Opportunity in Denver

      Retail property with stable income and built-in growth potential.
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    • Contact for pricing
      15,634 SF

      Land for Sale or Lease

      Commercial land available for sale, land lease, or build-to-suit.
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    Similar Nearby for Lease

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      2,100 SF

      Retail Space Former 7-Eleven

      2,100 SF retail building on a corner lot.
      1645 E 17Th Ave, Denver, CO 80218
      View Details
    • Contact for pricing
      2,761 SF

      Retail Space on Colfax Avenue

      Retail space available for lease on East Colfax Avenue.
      1150 E Colfax Ave, Denver, CO 80218
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    • Contact for pricing
      2,160 SF

      Retail Space Near Ogden Theatre

      2,160 SF retail space with high visibility and traffic.
      901-919 E Colfax Ave, Denver, CO 80218
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      Restaurant or Retail Storefront Space

      Purpose-built 4,880 SF corner-style storefront layout with dual entries, expansive glazing, and mechanical provisions for efficient operations.
      2600 E Colfax Ave, Denver, CO 80218
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    • Contact for pricing

      Retail Space Near Ogden Theatre

      Retail space for lease near the Ogden Theatre.
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    • Contact for pricing

      Capitol Hill Corner Property

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    1038 6th Ave
    Denver, CO 80218-3303
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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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