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

    1490 Lafayette St Denver, CO 80218

    • High-rise multifamily apartments
    • 0.35 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1306356
    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

    • Hogan, Thompson & Associates CPA / Accounting Firm
    • Watson Mary Ann / Physician / Medical Clinic
    • Swain Law, LLC / Law Firm
    • Viner Disability Law / Law Firm
    • COLORADO GSA NETWORK / Advocacy Group

    Property Details for 1490 Lafayette St

    Year built
    1902
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Zone code
    CMS
    Property type
    High-rise multifamily apartments
    APN
    05022-02-169-000
    APU
    502202169000

    Description

    This stunning 13,142 square foot historic office building, constructed in 1901, is located at 1490 N Lafayette St in Denver, Colorado, zip code 80218. The property boasts a unique blend of creative office space and live/work units, perfect for a variety of businesses and individuals seeking a blend of work and residential living. Currently, there are 1,519 square feet of vacant space available for lease within this multi-tenant building. The building features an elevator for convenient access to all floors. The building's prime location in Denver County offers easy access to Denver's vibrant cultural scene, diverse dining options, and convenient transportation links. The building's historic charm is complemented by modern amenities, creating a unique and desirable workspace. The available space includes a dedicated office suite and two live/work units, providing flexibility for various business needs and lifestyles. This property presents a rare opportunity to secure a piece of Denver's rich history while enjoying the benefits of a modern and functional workspace. The building's impressive size and versatile layout make it an ideal choice for businesses seeking a unique and inspiring environment. Inquire today to learn more about leasing opportunities within this exceptional Denver property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.97
    Latitude
    39.7397
    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
    $40,184
    $71,290
    $447,310
    $518,600
    -
    $1,119,000
    $6,676,200
    $7,795,200

    Comparable in this City

    • Value Estimation
      $2,730,000
      73,113 SF

      1710 Williams St

      HIGH-RISE APARTMENTS • 73,113 SF
      1710 Williams St, Denver, CO 80218-1723
      View Details
    • Value Estimation
      $6,855,000
      21,116 SF

      950 Lafayette St

      HIGH-RISE APARTMENTS • 21,116 SF
      950 Lafayette St, Denver, CO 80218-3162
      View Details
    • Value Estimation
      $4,965,000
      31,059 SF

      1430 Humboldt St

      HIGH-RISE APARTMENTS • 31,059 SF
      1430 Humboldt St, Denver, CO 80218-2373
      View Details
    • Value Estimation
      $1,990,000
      13,008 SF

      1555 Humboldt St

      HIGH-RISE APARTMENTS • 13,008 SF
      1555 Humboldt St, Denver, CO 80218-1682
      View Details
    • Value Estimation
      $2,770,000
      16,772 SF

      1145 Ogden St

      HIGH-RISE APARTMENTS • 16,772 SF
      1145 Ogden St, Denver, CO 80218-2815
      View Details
    • Value Estimation
      $10,120,000
      35,336 SF

      1075 Corona St

      HIGH-RISE APARTMENTS • 35,336 SF
      1075 Corona St, Denver, CO 80218-2977
      View Details

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    1490 Lafayette St
    Denver, CO 80218
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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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