Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15150 119th Pl Commerce City, CO 80603-7260

    • Showrooms
    • 102,069 SF
    • 3.26 lot acres
    OFF-MARKET
    Value Estimations
    $9,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2322178
    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

    • Showrooms

    Property Details for 15150 119th Pl

    Year built
    2018
    Lot size
    3.26 lot acres
    Property size
    102,069 SF
    Property type
    Showrooms
    APN
    R0191753
    APU
    R0191753

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,307,000
      Market price range: $13.3M - $62.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.81
    Latitude
    39.913
    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
    $203,848
    $396,200
    $799,040
    $1,195,240
    -
    $1,420,060
    $2,863,952
    $4,284,012

    Comparable in this City

    • Value Estimation
      $580,000
      3,528 SF

      11445 Hwy 2nd 2

      SHOW ROOM, WAREHOUSE • 3,528 SF
      11445 Hwy 2nd 2, Brighton, CO 80603-7100
      View Details
    • Value Estimation by Request
      4,000 SF

      15656 Elk Cir

      SHOW ROOM, WAREHOUSE • 4,000 SF
      15656 Elk Cir, Brighton, CO 80603
      View Details
    • Value Estimation
      $1,200,000
      2,750 SF

      15675 Elk Cir

      SHOW ROOM, WAREHOUSE • 2,750 SF
      15675 Elk Cir, Brighton, CO 80603-3809
      View Details
    • Value Estimation
      $590,000
      3,529 SF

      11405 Hwy 2nd 2

      SHOW ROOM, WAREHOUSE • 3,529 SF
      11405 Hwy 2nd 2, Brighton, CO 80603-7100
      View Details
    • Value Estimation by Request
      16.71 Acres

      189 Bromley Business Pkwy

      SHOW ROOM, WAREHOUSE • 16.71 Acres
      189 Bromley Business Pkwy, Brighton, CO 80603-8718
      View Details
    • Value Estimation
      $4,430,000
      5,831 SF

      13505 112th Ave

      SHOW ROOM, WAREHOUSE • 5,831 SF
      13505 112th Ave, Brighton, CO 80603-7161
      View Details

    Similar Nearby for Sale

    • $1,975,000
      1,305 SF

      Conoco Gas Station Opportunity

      Well-maintained gas station at high-traffic intersection in Brighton, CO.
      12354 County Road 2, Brighton, CO 80603
      View Details
    • $3,050,000
      11,733 SF

      Brighton Multi-Tenant Retail Investment

      Valero-anchored, high-occupancy retail complex.
      21 Co Rd 27, Brighton, CO 80603
      View Details
    • Contact for pricing
      3,840 SF

      Brighton Flex Building For Sale

      New flex building suitable for office, retail, or light industrial.
      15181 Shadow Wood St, Brighton, CO 80603
      View Details
    • $5,000,000
      1,344 SF

      Prime Brighton Golf Course Land

      193 Acres, 4 Wells, Clubhouse
      32000 144Th Ave, Brighton, CO 80603
      View Details
    • $950,000

      Brighton Flex Building For Sale

      New flex building suitable for office, retail, or light industrial.
      15181 Shadow Wood St, Brighton, CO 80603
      View Details
    • Contact for pricing
      1,459,760 SF

      Brighton Industrial Campus

      1.46M SF Office/Warehouse Space
      21251 152 Ave, Brighton, CO 80603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Lochbuie Retail Padsite Opportunity

      Prime Weld County location, single-tenant pad.
      0 Nwc & Nec Cr 2 & 50 Ave, Lochbuie, CO 80603
      View Details
    • $4,160 /Mo

      Brighton Flex Building For Rent

      New light industrial flex building suitable for offices, retail, industrial.
      15181 Shadow Wood St, Brighton, CO 80603
      View Details
    • Contact for pricing
      3,840 SF

      Brighton Flex Building For Rent

      New flex building suitable for office, retail, or light industrial.
      15181 Shadow Wood St, Brighton, CO 80603
      View Details
    • Contact for pricing

      I-76 & Hwy 2 Commercial Land

      Prime Brighton, CO Land Lease
      0 Swc I-76 & Hwy 2, Brighton, CO 80603
      View Details
    • Contact for pricing
      121,097 SF

      Prime Commercial Land, Aurora CO

      High-visibility pad sites, excellent location.
      120TH Ave & Buckley Rd, Brighton, CO 80603
      View Details
    • $5,906 /Mo
      8,100 SF

      Brighton Flex/Industrial Space Available

      8,100 SF flex/industrial space for lease in Brighton, CO.
      854 Baseline Pl, Brighton, CO 80603
      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.
    15150 119th Pl
    Commerce City, CO 80603-7260
    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.
    Sign Up Successful!
    You now have access to more from Realmo!