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    Property profile & analytics

    1124 Colorado Blvd Denver, CO 80246-3003

    • Strip malls
    • 15,300 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2021
    Value Estimations
    $4,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2191782
    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

    • Colorado Gold Mart / Discount Store / (Bike/Boat/Book/etc) Store
    • Comfort Masters Heating & Air Conditioning / HVAC Service / General Contractor

    Property Details for 1124 Colorado Blvd

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    1.12 lot acres
    Property size
    15,300 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1973-19-2-02-013
    APU
    197319202013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,965,000
      Current use
      RESTAURANT
      $6,255,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,130,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,950,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $4,920,000
      Change: -1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,755,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $4,645,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.94
    Latitude
    39.6957
    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
    $175,217
    $0.00
    $0.00
    $2,073,249
    -
    $3,162,445
    $4,268,555
    $7,431,000

    Comparable in this City

    • Value Estimation
      $2,235,000
      10,773 SF

      4085 Mississippi Ave

      SHOPPING CENTER, STRIP CENTER • 10,773 SF
      4085 Mississippi Ave, Denver, CO 80246-2406
      View Details
    • Value Estimation
      $1,480,000
      5,280 SF

      320 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 5,280 SF
      320 Colorado Blvd, Denver, CO 80246-1250
      View Details
    • Value Estimation
      $7,395,000
      55,911 SF

      560 Holly St

      SHOPPING CENTER, STRIP CENTER • 55,911 SF
      560 Holly St, Denver, CO 80246-1486
      View Details
    • Value Estimation
      $2,440,000
      10,800 SF

      4601 Mississippi Ave

      SHOPPING CENTER, STRIP CENTER • 10,800 SF
      4601 Mississippi Ave, Denver, CO 80246-8202
      View Details
    • Value Estimation
      $4,490,000
      35,686 SF

      5075 Leetsdale Dr

      SHOPPING CENTER, STRIP CENTER • 35,686 SF
      5075 Leetsdale Dr, Denver, CO 80246-8176
      View Details
    • Value Estimation
      $1,490,000
      11,842 SF

      4990 Leetsdale Dr

      SHOPPING CENTER, STRIP CENTER • 11,842 SF
      4990 Leetsdale Dr, Denver, CO 80246-1315
      View Details

    Similar Nearby for Sale

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      Colorado Blvd Retail Building For Sale

      Prime location with high visibility and upgraded utilities.
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    • $6,600,000
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      38-Unit Multifamily in Glendale, CO

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      17,702 SF

      Denver Office Building For Sale

      Three-level office building with medical, dental, and fitness spaces.
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      Denver Office Building For Sale

      17,702 SF office building near Cherry Creek.
      455 S Hudson St, Denver, CO 80246
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    • $1,275,000

      Glendale Standalone Office Near Infinity Park

      Standalone office building in Glendale, ideal for various professional uses.
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    • $940,000
      2,612 SF

      Cherry Creek Units 201-203 and Unit 220 (823 sf)

      Office properties & Spaces • 2,612 SF
      469 Cherry St And E Virginia Ave, Glendale, CO 80246
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,662 SF

      SKYLINE PLAZA Retail Space

      Cherry Creek retail space, two units available.
      760 Colorado Blvd, Glendale, CO 80246
      View Details
    • $38 SF/Yr

      Restaurant Ready Retail Space

      Restaurant infrastructure in place, high traffic, visible location.
      1000 S Colorado Blvd, Denver, CO 80246
      View Details
    • Contact for pricing
      3,875 SF

      Colorado Boulevard Retail Space Available

      High-visibility retail spaces available in a prime Denver location.
      760 S Colorado Blvd, Denver, CO 80246
      View Details
    • Contact for pricing
      128,000 SF

      Glendale Retail Space: 4 Mile District

      Prime Glendale retail, various sizes available.
      0 Virginia Ave & Cherry St, Glendale, CO 80246
      View Details
    • $17 SF/Yr

      Modern Office Building with Views

      Six-story office building with modern exterior and convenient location.
      4101 E Louisiana Ave, Denver, CO 80246
      View Details

    Property Visit Statistics

    • Visits by month
      873
    • Visitors by month
      1.0k
    • Avg Time on site
      44 min
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    Denver, CO 80246-3003
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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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