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    Property profile & analytics

    1500 Blake St Denver, CO 80202

    • Retail space
    • 11,541 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $2,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0843787
    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

    • Packing House Self Storage Denver CO / Storage Facility

    Property Details for 1500 Blake St

    Year built
    1889
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    11,541 SF
    Zone code
    D-LD
    Property type
    Retail space
    APN
    02331-15-040-040
    APU
    233115040040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,635,000
      6.5%
      $2,430,000
      7%
      $2,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,944,000
      Market price range: $2.10M - $5.41M
      AI Estimate
      $1,533,000
      Market price range: $639k - $3.18M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,710,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,745,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,735,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,590,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $3,505,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105
    Latitude
    39.7496
    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
    $58,803
    $416,690
    $342,190
    $758,880
    -
    $1,523,500
    $1,226,500
    $2,750,000

    Comparable in this City

    • Value Estimation by Request
      2.98 Acres

      1901 Wazee St

      RETAIL STORES (PERSONAL SERVICES) • 2.98 Acres
      1901 Wazee St, Denver, CO 80202-2688
      View Details
    • Value Estimation
      $13,695,000
      482,488 SF

      2905 Inca St

      RETAIL STORES (PERSONAL SERVICES) • 482,488 SF
      2905 Inca St, Denver, CO 80202-1023
      View Details
    • Value Estimation
      $13,555,000
      117,611 SF

      1620 Platte St

      RETAIL STORES (PERSONAL SERVICES) • 117,611 SF
      1620 Platte St, Denver, CO 80202-6114
      View Details
    • Value Estimation by Request
      1,044 SF

      1590 Little Raven St, Unit C185

      RETAIL STORES (PERSONAL SERVICES) • 1,044 SF
      1590 Little Raven St, Denver, CO 80202-6182
      View Details
    • Value Estimation by Request
      979 SF

      1590 Little Raven St, Unit C175

      RETAIL STORES (PERSONAL SERVICES) • 979 SF
      1590 Little Raven St, Denver, CO 80202-6182
      View Details
    • Value Estimation by Request
      876 SF

      1750 Wewatta St, Unit 110

      RETAIL STORES (PERSONAL SERVICES) • 876 SF
      1750 Wewatta St, Denver, CO 80202-6702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,030 SF

      Historic LoDo Office/Retail Building

      Two-story office/retail building in Denver's LoDo district.
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      View Details
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      Denver Retail Condo: Prime Location

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    • $5,110,025
      10,735 SF

      Renovated Mixed-Use Building For Sale

      Two-story building with retail and office space in Denver.
      1320 15Th St, Denver, CO 80202
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      12,333 SF

      Prime Retail Location Near Coors

      Retail space with high pedestrian traffic near public transportation.
      1962 Blake St, Denver, CO 80202
      View Details
    • $1,750,000
      11,410 SF

      LoDo Ice House Commercial Condo

      Versatile commercial condo in Denver's historic Ice House building.
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    Similar Nearby for Lease

    • $26 SF/Yr
      4,012 SF

      Downtown Denver Retail Spaces

      High-traffic corner retail, 4,012 sqft.
      2001 Lincoln St, Denver, CO 80202
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    • Contact for pricing
      18,000 SF

      Downtown Denver Retail Space

      Prime 2,000 SF Café Space Available
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      Denver Retail Space - Grand Hyatt

      Prime 2,162 SF retail space, Denver's 17th Street.
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    • Contact for pricing
      11,200 SF

      Downtown Denver Retail Space

      Retail space in downtown Denver near Coors Field.
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      View Details
    • Contact for pricing
      8,514 SF

      Retail Space with Hotel Access

      Retail space featuring direct hotel lobby access and high ceilings.
      1672 Lawrence St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,171 SF

      Denver Retail Space For Lease

      Retail spaces available in historic Denver landmark, central business district.
      1624-1664 Market St, Denver, CO 80202
      View Details
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    1500 Blake St
    Denver, CO 80202
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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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