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    12090 Colorado Blvd Thornton, CO 80241-3562

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    12090 Colorado Blvd Thornton, CO 80241-3562

    View on Map
    • Outlet malls
    • 86,532 SF
    • 12.85 lot acres
    Off-Market
    Property ID
    US13-1194170
    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
    $9,740,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 12090 Colorado Blvd

    Year built
    1999
    Lot size
    12.85 lot acres
    Property size
    86,532 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    R0011803
    APU
    R0011803

    Description

    This exceptional 0.75-acre retail pad site presents a remarkable investment opportunity in Thornton, Colorado. Strategically located at 12090 Colorado Blvd, 80241, this property boasts unparalleled visibility from Colorado Blvd and 120th Ave, ensuring maximum exposure for your business. The site is situated adjacent to a thriving Kohl's department store, within a densely populated area north of Denver. This established retail center also includes prominent tenants such as King Soopers, Wells Fargo, UC Health, Walgreens, and Ace Hardware, creating a synergistic and attractive environment for potential businesses. The total building square footage of the surrounding center is 86,814 square feet, indicating a robust and successful retail environment. The property is offered as a ground lease opportunity for multiple tenants, providing flexibility and potential for significant returns. Strong demographics and high household incomes in the immediate vicinity further enhance the site's appeal and potential for success. This is an exceptional opportunity to establish a presence in a high-demand retail area with excellent visibility and strong surrounding businesses. Don't miss this chance to capitalize on this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.938
    Latitude
    39.9158
    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
    $227,411
    $1,036,950
    $1,377,290
    $2,414,240
    -
    $3,716,681
    $3,681,819
    $7,398,500

    Comparable in this City

    • Value Estimation
      $1,455,000
      8,278 SF

      12760 Colorado Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,278 SF
      12760 Colorado Blvd, Thornton, CO 80241-2802
      View Details
    • Value Estimation
      $2,055,000
      13,992 SF

      12720 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 13,992 SF
      12720 Colorado Blvd, Thornton, CO 80241-2804
      View Details
    • Value Estimation
      $1,140,000
      1,956 SF

      12060 Colorado Blvd

      AUTO REPAIR, GARAGE • 1,956 SF
      12060 Colorado Blvd, Thornton, CO 80241-3562
      View Details
    • Value Estimation by Request
      4,278 SF

      12100 Washington St

      FINANCIAL BUILDING • 4,278 SF
      12100 Washington St, Thornton, CO 80241-3154
      View Details
    • Value Estimation
      $1,535,000
      11,823 SF

      12279 Pennsylvania St

      SHOW ROOM, WAREHOUSE • 11,823 SF
      12279 Pennsylvania St, Thornton, CO 80241-3113
      View Details
    • Value Estimation
      $13,225,000
      126,900 SF

      12500 Washington St

      SHOW ROOM, WAREHOUSE • 126,900 SF
      12500 Washington St, Thornton, CO 80241-2404
      View Details

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    Similar Nearby for Lease

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      Thornton Pad Site For Rent

      Pad site available in established Thornton retail area.
      12090 Colorado Blvd, Thornton, CO 80241
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      Commercial Space Available For Lease

      Commercial property available for lease in Thornton, Colorado.
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    Thornton, CO 80241-3562
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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.

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    12090 Colorado Blvd, Thornton, CO, 80241

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