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

    1516 Wazee St Ste A Denver, CO 80202-1576

    • Retail space
    • 3,682 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2623034
    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

    • Glam Concepts / Beauty Supply Store
    • Bedlam / Cocktail Bar / Bar
    • Bride Artistry / Hair Salon

    Property Details for 1516 Wazee St Ste A

    Year built
    1905
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    3,682 SF
    Zone code
    D-LD
    Property type
    Retail space
    APN
    02331-14-045-045
    APU
    233114045045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $442,000
      Market price range: $204k - $1.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.001
    Latitude
    39.7504
    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
    $16,971
    $92,630
    $126,390
    $219,020
    -
    $362,000
    $453,000
    $815,000

    Comparable in this City

    • Value Estimation
      $265,000
      4,808 SF

      1955 Arapahoe St

      RETAIL STORES (PERSONAL SERVICES) • 4,808 SF
      1955 Arapahoe St, Denver, CO 80202-1851
      View Details
    • Value Estimation
      $235,000
      172 SF

      1020 15th St, Unit 1R

      RETAIL STORES (PERSONAL SERVICES) • 172 SF
      1020 15th St, Denver, CO 80202-2300
      View Details
    • Value Estimation
      $240,000
      2,140 SF

      1020 15th St, Unit 1W

      RETAIL STORES (PERSONAL SERVICES) • 2,140 SF
      1020 15th St, Denver, CO 80202-2407
      View Details
    • Value Estimation
      $1,100,000
      241,720 SF

      1550 Platte St

      RETAIL STORES (PERSONAL SERVICES) • 241,720 SF
      1550 Platte St, Denver, CO 80202-6115
      View Details
    • Value Estimation
      $280,000
      2,977 SF

      2001 Lincoln St, Unit C1950

      RETAIL STORES (PERSONAL SERVICES) • 2,977 SF
      2001 Lincoln St, Denver, CO 80202-3802
      View Details
    • Value Estimation
      $335,000
      1,507 SF

      716 16th St, Unit 718

      RETAIL STORES (PERSONAL SERVICES) • 1,507 SF
      716 16th St, Denver, CO 80202-3204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,333 SF

      Blake Street Storefront Opportunity

      Iconic LoDo location, high foot traffic
      1962 Blake St, Denver, CO 80202
      View Details
    • $2,100,000
      4,030 SF

      Historic LoDo Office/Retail Building

      Two-story office/retail building in Denver's LoDo district.
      1822-1830 Blake St, Denver, CO 80202
      View Details
    • Contact for pricing
      2,977 SF

      Denver Retail Condo: Prime Location

      2,977 SF Vacant Retail Space, High Traffic Area
      2001 Lincoln St, Denver, CO 80202
      View Details
    • $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
      View Details
    • $5,500,000
      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
    • $2,188,000
      3,500 SF

      Downtown Denver 7-Eleven Retail Condo

      Single-tenant retail condo in a high-density downtown location.
      1800 Lawrence St, Denver, CO 80202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,298 SF

      LoDo Retail Space Near Union

      First-generation retail space in LoDo near Union Station.
      1801 Wynkoop St, Denver, CO 80202
      View Details
    • Contact for pricing
      2,607 SF

      LoDo Historic Brick Building

      Historic building in LoDo near Union Station and 16th Street Mall.
      1516 Wazee St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,559 SF

      Lo Do & Lo Hi Retail

      Historic mixed-use project with restaurant infrastructure in place.
      1535-1543 Platte St, Denver, CO 80202
      View Details
    • $3,100 /Mo
      904 SF

      Downtown Denver Retail Sublease

      Retail sublease in mixed-use building with apartments and office space.
      1776 Curtis St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,597 SF

      Retail Space in Independence Plaza

      Retail spaces available for lease in Denver, Colorado.
      1050 17Th St, Denver, CO 80202
      View Details
    • $26 SF/Yr
      4,012 SF

      Downtown Denver Retail Spaces

      High-traffic corner retail, 4,012 sqft.
      2001 Lincoln St, Denver, CO 80202
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      1.3k
    • Avg Time on site
      33 min
    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.
    1516 Wazee St Ste A
    Denver, CO 80202-1576
    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.