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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1490 3rd Ave Denver, CO 80223-1416

    • Warehouses
    • 8,502 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0880827
    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

    • Warehouses

    Property Details for 1490 3rd Ave

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    8,502 SF
    Zone code
    I-A
    Property type
    Warehouses
    APN
    05091-00-050-000
    APU
    509100050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.007
    Latitude
    39.7207
    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
    $34,041
    $147,260
    $292,060
    $439,320
    -
    $557,800
    $1,046,800
    $1,604,600

    Comparable in this City

    • Value Estimation
      $300,000
      2.31 Acres

      1133 Platte Riv Dr

      WAREHOUSE, STORAGE • 2.31 Acres
      1133 Platte Riv Dr, Denver, CO 80223-3101
      View Details
    • Value Estimation
      $495,000
      25,989 SF

      280 Santa Fe Dr

      WAREHOUSE, STORAGE • 25,989 SF
      280 Santa Fe Dr, Denver, CO 80223-1817
      View Details
    • Value Estimation
      $625,000
      85,334 SF

      1475 Acoma St

      MINI-WAREHOUSE, STORAGE • 85,334 SF
      1475 Acoma St, Denver, CO 80223-3222
      View Details
    • Value Estimation
      $380,000
      31,916 SF

      380 Quivas St, Unit 400

      WAREHOUSE, STORAGE • 31,916 SF
      380 Quivas St, Denver, CO 80223-1124
      View Details
    • Value Estimation
      $550,000
      70,662 SF

      1208 Evans Ave

      MINI-WAREHOUSE, STORAGE • 70,662 SF
      1208 Evans Ave, Denver, CO 80223-4025
      View Details
    • Value Estimation by Request
      8,000 SF

      1346 Cedar Ave

      Distribution properties • 8,000 SF
      1346 Cedar Ave, Denver, CO 80223
      View Details

    Similar Nearby for Sale

    • $1,425,000
      9,600 SF

      Denver Warehouse/Office Investment Opportunity

      9,600 SF building with versatile usage options in Denver.
      2380 S Delaware St, 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
    • $1,300,000
      5,570 SF

      Warehouse with Training Rooms

      Two-story warehouse with training rooms and office buildout.
      2170 S Lipan St, Denver, CO 80223
      View Details
    • $1,220,000
      5,417 SF

      Denver Warehouse with Tenant Configuration

      Vacant warehouse featuring tenant configuration, multiple doors, and air lines.
      4460 Jason St, Denver, CO 80223
      View Details
    • $950,000
      5,000 SF

      Renovated Denver Industrial/Flex Space

      Recently renovated industrial/flex space in the heart of Denver.
      2201 S Kalamath St, Denver, CO 80223
      View Details
    • $1,295,000
      6,208 SF

      Denver Industrial Warehouse For Sale

      6,208 SF Warehouse, Recently Renovated
      395 Yuma St, Denver, CO 80223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,277 SF

      Office Warehouse Space Available

      Office and warehouse space for rent.
      1434-1444 W Maple Ave, Denver, CO 80223
      View Details
    • $35 SF/Yr
      1,858 SF

      Corner Unit in Desirable Highlands

      Retail/office/warehouse space with parking in the Highlands neighborhood.
      2900-2904 Zuni St, Denver, CO 80223
      View Details
    • $9 SF/Yr
      14,295 SF

      Denver Warehouse with Dock-High Loading

      Warehouse in central Denver with convenient highway access and enterprise zone.
      2395-2550 W 4Th Ave, Denver, CO 80223
      View Details
    • $6 SF/Yr
      5,400 SF

      Renovated Denver Office Warehouse Space

      Well-located, renovated office warehouse with heavy power and dock loading.
      231 Wyandot St, Denver, CO 80223
      View Details
    • $14 SF/Yr
      15,144 SF

      Denver Industrial Warehouse for Sale/Lease

      Renovated Warehouse, Multiple Suites Available
      2101 Platte River Dr, Denver, CO 80223
      View Details
    • $7 SF/Yr
      6,750 SF

      211 Wyandot St

      Distribution properties
      211 Wyandot 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.
    1490 3rd Ave
    Denver, CO 80223-1416
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.