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

    1562 Park Ave Denver, CO 80218

    • Commercial real estate
    • 77,307 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $10,095,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0659836
    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

    • Commercial real estate

    Property Details for 1562 Park Ave

    Lot size
    1.77 lot acres
    Property size
    77,307 SF
    Zone code
    I-B
    Property type
    Commercial real estate
    APN
    02279-04-006-000
    APU
    227904006000

    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
    -104.992
    Latitude
    39.7572
    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
    $0.00
    $1,401,980
    $280
    $1,402,260
    -
    $5,025,000
    $1,000
    $5,026,000

    Comparable in this City

    • Value Estimation
      $2,885,000
      0.34 Acres

      1642 Lafayette St

      COMMERCIAL (GENERAL) • 0.34 Acres
      1642 Lafayette St, Denver, CO 80218-1731
      View Details
    • Value Estimation
      $3,135,000
      28,100 SF

      755 Ogden St

      COMMERCIAL (GENERAL) • 28,100 SF
      755 Ogden St, Denver, CO 80218
      View Details
    • Value Estimation by Request
      1,132 SF

      520 Corona St

      COMMERCIAL (GENERAL) • 1,132 SF
      520 Corona St, Denver, CO 80218
      View Details
    • Value Estimation
      $955,000
      4,694 SF

      1445 Clarkson St

      COMMERCIAL (GENERAL) • 4,694 SF
      1445 Clarkson St, Denver, CO 80218
      View Details
    • Value Estimation by Request
      4,521 SF

      1751 Franklin St

      Office Properties & Spaces • 4,521 SF
      1751 Franklin St, Denver, CO 80218
      View Details
    • Value Estimation by Request
      0.28 Acres

      1450 Franklin St

      COMMERCIAL (GENERAL) • 0.28 Acres
      1450 Franklin St, Denver, CO 80218
      View Details

    Similar Nearby for Sale

    • $1,499,000
      4,521 SF

      Denver Mixed-Use Development Opportunity

      Prime Denver location, redevelopment potential.
      1751 Franklin St, Denver, CO 80218
      View Details
    • $2,400,000
      15,634 SF

      Colfax Ave Retail Land Opportunity

      Prime Denver location, vacant land, build-to-suit potential.
      1801 Colfax Ave, Denver, CO 80218
      View Details
    • $2,612,500
      8,180 SF

      Vintage Apartment Building Investment Opportunity

      Denver apartment building with value-add potential in a prime location.
      1521 North Humboldt St, Denver, CO 80218
      View Details
    • $550,000
      1,195 SF

      Luxury Condo with Private Terrace

      Two-story condo with private terrace in vibrant City Park West.
      1601 Park Ave, Denver, CO 80218
      View Details
    • $695,000
      1,896 SF

      Renovated Home Near Cherry Creek

      Updated home in desirable Denver location near shops and trails.
      367 N Clarkson St, Denver, CO 80218
      View Details
    • $639,000
      873 SF

      City Park West Condo with Balcony

      Modern 2-bedroom condo with balcony in Denver's City Park.
      1601 Park Ave, Denver, CO 80218
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      13,142 SF

      Denver Creative Office Space

      Historic Denver Office, Live/Work Units
      1490 Lafayette St, Denver, CO 80218
      View Details
    • $17 SF/Yr
      2,415 SF

      Move-in Ready Office Suites Available

      Move-in ready office suites with mountain and city views.
      1391 Speer Blvd, Denver, CO 80218
      View Details
    • Contact for pricing
      7,000 SF

      Premier Class A Office Building

      Northwest Aurora Class A office building with street-level retail.
      13500 E Colfax Ave, Aurora, CO 80218
      View Details
    • $29 SF/Yr
      1,058 SF

      Denver Retail Space For Rent

      Retail space available in a lively Denver center.
      262-264 Downing St, Denver, CO 80218
      View Details
    • Contact for pricing
      15,000 SF

      Santa Fe Drive Brewery/Taproom Space

      Divisible space with brewery equipment, liquor license, and parking.
      900-924 W 1St Ave, Denver, CO 80218
      View Details
    • Contact for pricing
      2,037 SF

      Restaurant with Drive-Thru Opportunity

      Restaurant space with drive-thru in a dense, urban neighborhood.
      3200 Downing St, Denver, CO 80218
      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.
    1562 Park Ave
    Denver, CO 80218
    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.