Property profile

1240 Santa Fe Dr 1244 Denver, CO 80204

OFF-MARKET
Warehouses
Property ID
US13-0242236
10,400 SF 0.44 ac lot Built 1964
Entity Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,500 square foot commercial land parcel is strategically located at 1240 S Santa Fe Drive in Denver, Colorado, zip code 80223. Zoned E-CC-3, this property presents a unique opportunity for developers seeking high-impact commercial ventures. The site boasts prime visibility due to significant foot and vehicle traffic along Santa Fe Drive, ensuring maximum exposure for any future development. Its convenient location offers easy access to major transportation arteries, including being less than a 20-minute walk from the I-25 / S Broadway Station, enhancing its appeal to a wide range of businesses and customers. The area is experiencing robust population growth, creating a strong and expanding market for commercial enterprises. Furthermore, the property is fully serviced, with water, sewer, and utility connections already in place, simplifying the development process and reducing upfront costs. An adjacent warehouse is also available, presenting potential for synergistic development opportunities. The asking price for this exceptional property is $1,060,000. This is a rare chance to acquire a highly desirable commercial lot in a thriving Denver location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1964
Construction WOOD
Total area 10,400 SF
Lot 0.44 ac (19,156 SF)
Zoning code C-MS-8
APN 05035-04-035-000
UPID US13-0242236

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design Home Decor Store

Location

1240 Santa Fe Dr, Unit 1244 Denver, CO 80204-3546
Denver metro Census 1800 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.66M
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$1.57M

Owner & transaction history

since 2000
2 recorded transactions
2000
$619,000
1969
Price N/A

Zoning & alternative use

C-MS-8 · Denver, CO
Zoning description

C-MS-8 Main Street 8 C-MS-12 Main Street 12 C-CCN-3 C-CCN-4 C-CCN-5 C-CCN-7 C-CCN-8 C-CCN-12 Cherry Creek North 3 Cherry Creek North 4 Cherry Creek North 5 Cherry Creek North 7 Cherry Creek North 8 Cherry Creek North 12…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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