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    11614 W Belleview Ave Littleton, CO 80127
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    11614 W Belleview Ave, Littleton, CO 80127

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    • Retail space
    • 21,604 SF
    • 1.86 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Littleton Retail Space For Lease For Lease
    $12 SF/Yr
    1,570 SF

    Littleton Retail Space For Lease

    High-visibility retail opportunity in a thriving Littleton shopping center.

    11614 W Belleview Ave, Littleton, CO 80127
    View Listing
    Property ID
    US13-0741216
    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
    $3,105,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Valero / Gas Station
    • Papa Murphy's | Take 'N' Bake Pizza / Restaurant
    • Templar Arts Tattoo Inc. / Tattoo & Piercing Shop
    • Auto Glass Unlimited / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • I Nails & Spa / Nail Salon

    Property Details for 11614 W Belleview Ave

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    1.86 lot acres
    Property type
    Retail space
    APN
    59-171-01-003
    APU
    5917101003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2021 $3,125,000 Pkr INC Simms Plaza Limited Partnership Special Warranty Deed $2.2M · Midwestone Bank
    May 31, 2016 — Pester Marketing Co — Deed · related —
    — — Pester Marketing Co — Deed Of Trust · related —

    Description

    This single-story, 21,348 square foot commercial building at 11614 W Belleview Ave, Littleton, CO 80127 (near Simms Street) offers a fantastic opportunity for businesses seeking office space in a thriving retail center. The property features 14 suites in total, with one vacant space ranging from 1,286 to 1,570 contiguous square feet available for lease. The building is situated in a prime location within Jefferson County, boasting convenient access to major thoroughfares and a diverse mix of established businesses. Neighboring tenants include West Hill Grill, Papa Murphy's, Bear Creek Auto Glass, and several other popular local businesses. The property offers ample parking with a ratio of 4.63 spaces per 1,000 square feet. Building signage is available, and the property is under new ownership. This location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Littleton, Columbine, Bow Mar, and Bear Creek areas. There are no elevators in this single-story building. The property is classified as retail, office, and restaurant space, with the available space specifically designated as traditional office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,105,000
      ML approach
      $3,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,910,000
      Market price range: $2.87M - $7.51M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,695,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.13
    Latitude
    39.6236
    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
    $68,558
    $282,257
    $417,754
    $700,011
    -
    $1,011,675
    $1,527,325
    $2,539,000

    Comparable in this City

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      6,355 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      21,535 SF

      10123 Chatfield Ave

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $1,095,000
      6,030 SF

      13134 Ida Ave

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $2,045,000
      13,368 SF

      7496 Simms St

      RETAIL STORES (PERSONAL SERVICES)
      7496 Simms St, Littleton, CO 80127-3252
      View Details
    • Value Estimation
      $2,835,000
      10,950 SF

      5894 Zang St

      RETAIL STORES (PERSONAL SERVICES)
      5894 Zang St, Littleton, CO 80127-7503
      View Details

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      New Retail Ground Lease Opportunity

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      Littleton Retail Property For Sale

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      Littleton Retail Space For Sale

      Retail property in Meadows Plaza shopping center with drive-thru lane.
      7496 S Simms St, Littleton, CO 80127
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      2,565 SF

      Established Car Wash Investment Opportunity

      Turnkey express car wash business for sale in Littleton, Colorado.
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    Similar Nearby for Lease

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      1,395 SF

      Retail Space in Kipling Place

      Retail space available in Littleton shopping center with ample parking.
      6004-6014 S Kipling Pkwy, Littleton, CO 80127
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      1,100 SF

      Retail Space with High Visibility

      Retail space with great traffic exposure in Littleton, Colorado.
      5925-5935 S Zang St, Littleton, CO 80127
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      10,007 SF

      Retail Space Available for Lease

      10,007 SF retail space with high-income demographics.
      10027 W Remington Ave, Littleton, CO 80127
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      1,672 SF

      Retail Space Near King Soopers

      Retail space available near major retailers and C-470.
      11551 W Ken Caryl Ave, Littleton, CO 80127
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      Retail Spaces in Jefferson Marketplace

      Retail spaces available in a busy Littleton shopping center.
      8134 S Kipling Pkwy, Littleton, CO 80127
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      10,007 SF retail space with high visibility.
      10027 W Remington Ave, Littleton, CO 80127
      View Details
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    Littleton, CO 80127
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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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    11614 W Belleview Ave, Littleton, CO, 80127
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