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

    1490 70th Ave Denver, CO 80221-7088

    • Retail space
    • 1,344 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    5.3%
    Retail space
    Location Intelligence
    Property ID
    US13-2473600
    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

    • Sharp Pre-Owned Cars &Trucks / Used Car Dealer
    • Jim's auto repair / Auto Repair Shop
    • Clear Choice Automotive / Auto Repair Shop
    • MegaMiles / Auto Repair Shop
    • 5280 Window Tint / Window Tinting Service / Auto Glass Shop

    Property Details for 1490 70th Ave

    Year built
    1957
    Lot size
    0.46 lot acres
    Property size
    1,344 SF
    Property type
    Retail space
    APN
    R0098870
    APU
    R0098870

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $305,000
      6.5%
      $285,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $254,000
      Market price range: $74.6k - $255k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $430,000
      Current use
      AUTO REPAIR, GARAGE
      $540,000
      Change: +25% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $435,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $435,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $410,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -105.004
    Latitude
    39.8234
    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
    $23,239
    $13,910
    $175,840
    $189,750
    -
    $49,868
    $630,233
    $680,101

    Comparable in this City

    • Value Estimation by Request
      15,300 SF

      6671 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 15,300 SF
      6671 Federal Blvd, Denver, CO 80221-2203
      View Details
    • Value Estimation
      $310,000
      1,764 SF

      5205 Pecos St

      RETAIL STORES (PERSONAL SERVICES) • 1,764 SF
      5205 Pecos St, Denver, CO 80221
      View Details
    • Value Estimation
      $1,280,000
      1,724 SF

      6990 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,724 SF
      6990 Federal Blvd, Westminster, CO 80221-2630
      View Details
    • Value Estimation
      $880,000
      3,895 SF

      2955 80th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,895 SF
      2955 80th Ave, Westminster, CO 80221-3809
      View Details
    • Value Estimation
      $450,000
      820 SF

      4900 Lowell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 820 SF
      4900 Lowell Blvd, Denver, CO 80221-1028
      View Details
    • Value Estimation
      $330,000
      1,581 SF

      7072 Pecos St

      RETAIL STORES (PERSONAL SERVICES) • 1,581 SF
      7072 Pecos St, Denver, CO 80221-7213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Retail/Office Space on Federal Blvd

      3,000 SF retail/office space in raw shell condition.
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      Retail condo with live/work possibilities in excellent location.
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      0.66 Acres

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      Retail property with high visibility and owner carry opportunity.
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      Renovated Restaurant and Tavern Space

      Fully renovated restaurant/tavern with modern bar, kitchen, and outdoor patio.
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      Denver Retail Investment Opportunity

      High-Yield, Fully Leased Retail Property
      6641 Federal Blvd, Denver, CO 80221
      View Details

    Similar Nearby for Lease

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      Retail/Restaurant Space in Denver

      Retail or restaurant space available for lease in Denver.
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    • $4,000 /Mo
      1,944 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with high visibility and flexible floorplan.
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      View Details
    • $16,000 /Mo
      7,478 SF

      Retail Space Available For Lease

      Retail space available for lease in Denver, Colorado.
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      View Details
    • Contact for pricing
      99,729 SF

      Mixed-Use Center with Retail/Office Space

      Dynamic center with retail, office, and medical services.
      7041 North Pecos St, Denver, CO 80221
      View Details
    • $19 SF/Yr
      45,882 SF

      Plaza 36 Office Building Denver

      Denver Office Space: 11 Suites Available
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      Lipan Street Industrial Park Spaces

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      View Details
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    1490 70th Ave
    Denver, CO 80221-7088
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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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