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    1200 Evans Ave Denver, CO 80210-4532
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    1200 Evans Ave Denver, CO 80210-4532

    View on Map
    • Retail space
    • 7,896 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US13-0583128
    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
    $1,645,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bitcoin ATM Denver - Coinhub / Crypto Atm / Currency Exchange Service
    • Morgans Liquors / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • CrossFit Wash Park / Gym & Fitness Center

    Property Details for 1200 Evans Ave

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    7,896 SF
    Zone code
    U-MS-3
    Property type
    Retail space
    APN
    05262-24-027-000
    APU
    526224027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,665,000
      7%
      $1,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,058,000
      Market price range: $1.64M - $2.69M
      AI Estimate
      $1,219,000
      Market price range: $571k - $1.81M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,040,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,565,000
      Change: +26% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,555,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $2,400,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $2,020,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.973
    Latitude
    39.6781
    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
    $46,638
    $601,610
    $280
    $601,890
    -
    $2,186,300
    $1,000
    $2,187,300

    Comparable in this City

    • Value Estimation by Request
      1,765 SF

      1724 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,765 SF
      1724 Broadway, Denver, CO 80210-3102
      View Details
    • Value Estimation
      $2,475,000
      12,290 SF

      2195 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 12,290 SF
      2195 Broadway, Denver, CO 80210
      View Details
    • Value Estimation
      $1,130,000
      5,490 SF

      2655 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 5,490 SF
      2655 Broadway, Denver, CO 80210-5704
      View Details
    • Value Estimation by Request
      1,301 SF

      1384 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,301 SF
      1384 Broadway, Denver, CO 80210-2205
      View Details
    • Value Estimation by Request
      1,768 SF

      1936 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,768 SF
      1936 Broadway, Denver, CO 80210-4005
      View Details
    • Value Estimation
      $1,070,000
      1,378 SF

      1457 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 1,378 SF
      1457 Pearl St, Denver, CO 80210-2226
      View Details

    Similar Nearby for Sale

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      Broadway Office/Retail Building For Sale

      1,300 SF office/retail building on South Broadway corridor.
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      1,752 SF

      Historic South Pearl Street Retail

      Retail property on historic South Pearl Street with parking.
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      Multi-tenant retail building in ideal Washington Park location.
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    • $4,600,000

      Denver Retail Investment Opportunity

      Renovated retail building with diverse tenants and attractive features.
      1229-1235 South Broadway, Denver, CO 80210
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      2,785 SF

      Retail Space Ground Lease Opportunity

      Retail space with a 65-year ground lease.
      2731 W Evans Ave, Denver, CO 80210
      View Details
    • Contact for pricing
      22,909 SF

      Retail Building with Basement

      Stand-alone retail building with additional basement space for sale.
      4100 E Mexico Ave, Denver, CO 80210
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    Similar Nearby for Lease

    • Contact for pricing

      Main Street Retail Property

      Turn-key retail space in the heart of University of Denver.
      1733 E Evans Ave, Denver, CO 80210
      View Details
    • Contact for pricing
      880 SF

      Retail Space on South Broadway

      Adaptable retail space in a high-traffic Denver location.
      1454 S Broadway, Denver, CO 80210
      View Details
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      31,167 SF

      Retail and Office Space Available

      Street-level retail and office space in Denver's DU neighborhood.
      2450 S University Blvd, Denver, CO 80210
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Old South Pearl

      Retail space in the heart of Old South Pearl Street.
      675 E Louisiana Ave, Denver, CO 80210
      View Details
    • Contact for pricing
      3,600 SF

      Retail Center at Iliff & Buckley

      Retail spaces available in high-traffic Aurora location.
      16860 East Iliff Ave, Aurora, CO 80210
      View Details
    • Contact for pricing
      3,300 SF

      Restaurant/Retail Space Available For Lease

      3,300 SF restaurant/retail space available, can be demised.
      2121 S Broadway, Denver, CO 80210
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      3.2k
    • Avg Time on site
      13 min
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    1200 Evans Ave
    Denver, CO 80210-4532
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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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