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    12005 45th Ave Denver, CO 80239-3111

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    12005 45th Ave Denver, CO 80239-3111

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    • Office buildings
    • 24,936 SF
    • 2.32 lot acres
    Off-Market
    Property ID
    US13-1065121
    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
    $3,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Service Logic LLC / Hardware & Home Improvement / HVAC Service
    • Tolin Mechanical / General Contractor / Construction Company

    Property Details for 12005 45th Ave

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    2.32 lot acres
    Property size
    24,936 SF
    Zone code
    B-8
    Property type
    Office buildings
    APN
    01231-00-074-000
    APU
    123100074000

    Description

    Trade 45 offers 25,126 square feet of versatile commercial space in Aurora, Colorado. This multi-tenant property features a mix of executive office suites, flexible workspace, and warehouse areas, all currently vacant and ready for immediate occupancy. The building boasts a full exterior Stayntech® masonry stain and a complete cosmetic renovation of the office space. The warehouse is white-boxed, allowing for customized tenant improvements. Office amenities include 34 private offices, 4 executive suites, 5 large conference rooms, and over 25 workstations, along with two kitchen/breakrooms and a large training room. The warehouse features 10'-12' ceiling heights and two drive-in doors. The property sits on 2.33 acres and provides 98 striped parking spaces. Power is supplied by a 480V 3-phase 400-amp system. Zoned B-8, this location offers exceptional access to major highways including I-70, I-25, I-270, and E-470, placing it within easy reach of downtown Denver (18 minutes) and a strong workforce. Nearby amenities include Costco, Walmart, and Stanley Marketplace. Divisible spaces range from 7,763 to 12,563 contiguous square feet. This property is ideal for businesses seeking a combination of modern office space and functional warehouse capabilities in a highly accessible and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,619,000
      Market price range: $3.62M - $9.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.851
    Latitude
    39.7782
    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
    $58,683
    $415,150
    $342,190
    $757,340
    -
    $1,518,000
    $1,226,500
    $2,744,500

    Comparable in this City

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      $17,105,000
      89,680 SF

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      View Details
    • Value Estimation
      $6,410,000
      43,585 SF

      4347 Airport Way

      OFFICE BUILDING • 43,585 SF
      4347 Airport Way, Denver, CO 80239-5796
      View Details
    • Value Estimation
      $5,495,000
      48,614 SF

      4685 Peoria St

      OFFICE BUILDING • 48,614 SF
      4685 Peoria St, Denver, CO 80239-4811
      View Details
    • Value Estimation
      $8,320,000
      71,232 SF

      12025 45th Ave

      OFFICE BUILDING • 71,232 SF
      12025 45th Ave, Denver, CO 80239-3111
      View Details
    • Value Estimation
      $7,075,000
      64,640 SF

      4705 Paris St, Unit 4775

      OFFICE BUILDING • 64,640 SF
      4705 Paris St, Denver, CO 80239-2860
      View Details
    • Value Estimation
      $1,895,000
      15,908 SF

      10885 51st Ave

      OFFICE BUILDING • 15,908 SF
      10885 51st Ave, Denver, CO 80239-2507
      View Details

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    Similar Nearby for Lease

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      Denver Office Space Available

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      Denver Office Space Near DIA

      Office building with easy access to DIA and major highways.
      12075 E 45Th Ave, Denver, CO 80239
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    • $19 SF/Yr
      1,158 SF

      Attractive Office Park with Water Feature

      One-story office park with mature trees and convenient amenities.
      4705 Paris St, Denver, CO 80239
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      Denver Flex Space For Lease

      Flex space available for lease in Denver, Colorado.
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      View Details
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    Denver, CO 80239-3111
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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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