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

    1566 Hanover St Aurora, CO 80010-2318

    • Assisted living facilities
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0714362
    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

    • Assisted living facilities

    Property Details for 1566 Hanover St

    Lot size
    1.00 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    R0095684
    APU
    R0095684

    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
    Aurora
    County
    Adams
    State
    Colorado
    Longitude
    -104.867
    Latitude
    39.7416
    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
    $80
    $0.00
    $80
    -
    $1,138
    $0.00
    $1,138

    Comparable in this City

    • Value Estimation by Request
      5,472 SF

      1744 Boston St

      HOMES (RETIRED, NURSING) • 5,472 SF
      1744 Boston St, Aurora, CO 80010-1911
      View Details
    • Value Estimation by Request
      1,970 SF

      1455 Beeler St

      HOMES (RETIRED, NURSING) • 1,970 SF
      1455 Beeler St, Aurora, CO 80010-3027
      View Details
    • Value Estimation
      $14,595,000
      44,630 SF

      500 Geneva St

      HOMES (RETIRED, NURSING) • 44,630 SF
      500 Geneva St, Aurora, CO 80010-4305
      View Details
    • Value Estimation
      $3,560,000
      37,001 SF

      10201 3rd Ave

      HOMES (RETIRED, NURSING) • 37,001 SF
      10201 3rd Ave, Aurora, CO 80010-4301
      View Details
    • Value Estimation
      $10,110,000
      57,392 SF

      1401 Emporia St

      HOMES (RETIRED, NURSING) • 57,392 SF
      1401 Emporia St, Aurora, CO 80010-3224
      View Details
    • Value Estimation by Request
      2,750 SF

      9840 17th Ave

      HOMES (RETIRED, NURSING) • 2,750 SF
      9840 17th Ave, Aurora, CO 80010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.81 Acres

      Aurora Commercial Land - Havana St

      High-Visibility Aurora Land: 0.81 Acres
      232 Havana St, Aurora, CO 80010
      View Details
    • $1,750,000
      7,040 SF

      Aurora Multifamily Property Sold Off-Market

      Apartment building in Aurora, Colorado, sold off-market.
      9191 East 14Th Avenue Pkwy, Denver, CO 80010
      View Details
    • $1,290,000
      6,782 SF

      Aurora Apartment Building Portfolio

      Two multifamily properties totaling 12 units in Aurora, Colorado.
      1457 Joliet St, Denver, CO 80010
      View Details
    • $750,000

      Development Land on Hard Corner

      Development land with high visibility near Lowry Redevelopment.
      1100 Yosemite St, Denver, CO 80010
      View Details
    • $595,000
      2,245 SF

      Aurora Multifamily Investment Opportunity

      Multifamily property in Aurora, close to Denver and medical campus.
      1143 Akron St, Denver, CO 80010
      View Details
    • $1,125,000
      5,320 SF

      Well-Maintained Eight-Unit Multifamily Property

      Fully leased investment property with updated units in good condition.
      1588 Macon St, Denver, CO 80010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,400 SF

      Aurora Medical Office Space Available

      Turn-key medical space in Aurora, available Q1 2026.
      10680 Del Mar Pkwy, Aurora, CO 80010
      View Details
    • $216 SF/Yr
      6,650 SF

      Aurora Warehouse Space Available

      Two Industrial Units, 1330-5320 sq ft
      11801-11891 33 Ave, Aurora, CO 80010
      View Details
    • $6 SF/Yr
      31,200 SF

      Denver Warehouse with Office Suite

      Single-tenant warehouse with office, multiple loading options, and yard.
      4950 Lima St, Denver, CO 80010
      View Details
    • Contact for pricing
      9,252 SF

      Denver Warehouse Space Available

      9,252 SF warehouse space for lease in Denver.
      4929-4965 Moline St, Denver, CO 80010
      View Details
    • Contact for pricing
      3,578 SF

      Stanley Marketplace Office Suites

      Denver Office Space: Two Suites Available
      2501 Dallas St, Aurora, CO 80010
      View Details
    • $8 SF/Yr
      17,100 SF

      Industrial Space Near Major Highways

      Industrial property with easy access to major highways and DIA.
      4800-4885 Lima St, Denver, CO 80010
      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.
    1566 Hanover St
    Aurora, CO 80010-2318
    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.