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

    1040 Sheridan Blvd Denver, CO 80226-8019

    • Garden apartment buildings
    • 1,648 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1123683
    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

    • Garden apartment buildings

    Property Details for 1040 Sheridan Blvd

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,648 SF
    Zone code
    E-TU-C
    Property type
    Garden apartment buildings
    APN
    05183-11-011-000
    APU
    518311011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.053
    Latitude
    39.6981
    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
    $2,991
    $3,100
    $35,500
    $38,600
    -
    $101,300
    $529,900
    $631,200

    Comparable in this City

    • Value Estimation by Request
      1,458 SF

      986 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 1,458 SF
      986 Sheridan Blvd, Denver, CO 80226-8001
      View Details
    • Value Estimation by Request
      1,677 SF

      1060 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 1,677 SF
      1060 Sheridan Blvd, Denver, CO 80226-8019
      View Details
    • Value Estimation by Request
      1,782 SF

      440 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 1,782 SF
      440 Sheridan Blvd, Lakewood, CO 80226-8013
      View Details
    • Value Estimation
      $1,305,000
      7,200 SF

      982 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 7,200 SF
      982 Sheridan Blvd, Denver, CO 80226-8003
      View Details
    • Value Estimation by Request
      1,649 SF

      1030 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 1,649 SF
      1030 Sheridan Blvd, Denver, CO 80226-8019
      View Details
    • Value Estimation by Request
      1,649 SF

      1050 Sheridan Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 1,649 SF
      1050 Sheridan Blvd, Denver, CO 80226-8019
      View Details

    Similar Nearby for Sale

    • $1,650,000
      6,600 SF

      Lakewood Multifamily Investment Opportunity

      Charming 7-unit apartment community in Lakewood, Colorado.
      206 S Pierce St, Denver, CO 80226
      View Details
    • $4,120,000

      Lakewood Multifamily Property with Units

      20-unit multifamily property located in Lakewood, Colorado.
      5457 W 4Th Ave, Lakewood, CO 80226
      View Details
    • $3,525,000

      Lakewood Multifamily Investment Opportunity

      16-unit apartment building in Lakewood, Colorado. Fully renovated.
      213-233 S Ingalls St, Lakewood, CO 80226
      View Details
    • $5,000,000

      Lakewood Apartment Building Sold

      32-unit apartment building in Lakewood, Colorado.
      5275 West 1St Ave, Lakewood, CO 80226
      View Details
    • $10,875,000

      Lakewood 54-Unit Multifamily Property

      54-unit multifamily property located in Lakewood, Colorado.
      420 S Depew St, Lakewood, CO 80226
      View Details
    • $1,700,000

      Lakewood 8-Unit Apartment Building

      Lakewood, CO: Eight units with updated features. Loan assumption required.
      183-193 S Ingalls St, Lakewood, CO 80226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Updated Office Buildings For Rent

      Updated office buildings with abundant parking and affordable lease rates.
      363 S Harlan St, Lakewood, CO 80226
      View Details
    • Contact for pricing
      3,034 SF

      Restaurant Space Available For Lease

      Second generation restaurant space available for lease.
      14565 E Alameda Ave, Aurora, CO 80226
      View Details
    • Contact for pricing
      1,492 SF

      Retail Space in Aurora Center

      Retail space available in established Aurora shopping center.
      12102-12190 E Mississippi Ave, Aurora, CO 80226
      View Details
    • Contact for pricing
      18,000 SF

      Aurora Retail Space For Rent

      18,000 square foot retail space available for lease.
      15001-15297 E Mississippi Ave, Aurora, CO 80226
      View Details
    • Contact for pricing
      3,115 SF

      Aurora Retail Space For Rent

      Retail space available in Aurora, near Alameda and I-225.
      14401 E Bayaud Ave, Aurora, CO 80226
      View Details
    • Contact for pricing

      CO, Lakewood - West Mississippi Ave

      Flexible workspace in CA, Bakersfield - 19th St
      7655 Mississippi Ave, Lakewood, CO 80226
      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.
    1040 Sheridan Blvd
    Denver, CO 80226-8019
    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!