Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1230 Cherokee St Denver, CO 80223-3207

    • Commercial real estate
    • 15,625 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2025
    $3,000,000
    Value Estimations
    $2,845,000
    Show details
    Cap Rate Potential
    9%
    Commercial real estate
    Location Intelligence
    Property ID
    US13-2800306
    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

    • Commercial real estate

    Property Details for 1230 Cherokee St

    Lot size
    0.36 lot acres
    Property size
    15,625 SF
    Zone code
    I-A
    Property type
    Commercial real estate
    APN
    05223-06-028-000
    APU
    522306028000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,435,000
      ML approach
      $2,395,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,670,000
      6.5%
      $3,385,000
      7%
      $3,145,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.991
    Latitude
    39.694
    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
    $11,882
    $152,590
    $750
    $153,340
    -
    $546,900
    $2,700
    $549,600

    Comparable in this City

    • Value Estimation
      $2,360,000
      15,625 SF

      1220 Custer Pl

      COMMERCIAL (GENERAL) • 15,625 SF
      1220 Custer Pl, Denver, CO 80223
      View Details
    • Value Estimation
      $12,355,000
      85,245 SF

      600 Santa Fe Dr

      COMMERCIAL (GENERAL) • 85,245 SF
      600 Santa Fe Dr, Denver, CO 80223-2403
      View Details
    • Value Estimation
      $1,235,000
      9,370 SF

      1976 Elati St

      COMMERCIAL (GENERAL) • 9,370 SF
      1976 Elati St, Denver, CO 80223-3920
      View Details
    • Value Estimation
      $995,000
      0.18 Acres

      1252 Byers Pl

      COMMERCIAL (GENERAL) • 0.18 Acres
      1252 Byers Pl, Denver, CO 80223-1722
      View Details
    • Value Estimation
      $3,480,000
      24,900 SF

      1700 Bannock St

      COMMERCIAL (GENERAL) • 24,900 SF
      1700 Bannock St, Denver, CO 80223
      View Details
    • Value Estimation
      $565,000
      3,124 SF

      1532 Acoma St

      COMMERCIAL (GENERAL) • 3,124 SF
      1532 Acoma St, Denver, CO 80223-3601
      View Details

    Similar Nearby for Sale

    • $650,000
      0.14 Acres

      Santa Fe Arts District Gem

      Denver Commercial Property - Huge Potential
      Santa Fe Dr, Denver, CO 80223
      View Details
    • $500,000
      4,331 SF

      Denver Brewery Bar for Sale

      Established Denver bar, high sales, great location.
      150 Kalamath St, Denver, CO 80223
      View Details
    • $1,060,000

      Denver Commercial Land - Santa Fe Drive

      High-visibility lot, ideal for development.
      1240 Santa Fe Dr, Denver, CO 80223
      View Details
    • Contact for pricing
      1.41 Acres

      Prime Denver Commercial Land

      1.41 Acres, High Traffic Location
      1700 Santa Fe Dr, Denver, CO 80223
      View Details
    • $725,000
      2,424 SF

      Alameda Ave Retail Space - Denver

      High-traffic corner retail, huge potential.
      1201 Alameda Ave, Denver, CO 80223
      View Details
    • $2,370,000
      11,904 SF

      Denver Warehouse: Inca Street Investment

      Owner-user warehouse, 11,904 SF, Denver.
      1125 Inca St, Denver, CO 80223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,929 SF

      Cherokee Street Retail Space

      Prime Retail, High Visibility, Denver
      2065 Cherokee St, Denver, CO 80223
      View Details
    • $12 SF/Yr
      6,682 SF

      Denver Warehouse Space Available

      6,682 SF warehouse space for lease in Denver, CO.
      215 Pecos St, Denver, CO 80223
      View Details
    • $2 SF/Yr
      17,500 SF

      Warehouse Space with Excellent Access

      Centrally located warehouse space with convenient highway and light rail access.
      4590 Jason St, Denver, CO 80223
      View Details
    • $595,000
      1,000 SF

      Santa Fe Art District Property

      Versatile property in Denver's vibrant Santa Fe Art District.
      466 Santa Fe Dr, Denver, CO 80223
      View Details
    • $7,200 /Mo
      4,800 SF

      Warehouse with Fenced Yard

      4,800 SF warehouse with 7,500 SF fenced yard.
      1342-1346 Cedar Ave, Denver, CO 80223
      View Details
    • Contact for pricing
      5,100 SF

      Retail Suites with Patio Available

      Retail suites available with strong incentives and patio.
      357 S Bannock St, Denver, CO 80223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1230 Cherokee St
    Denver, CO 80223-3207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.