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

    1640 Grant St Denver, CO 80203

    • Office buildings
    • 22,515 SF
    • 0.29 lot acres
    For Sale
    View listing
    $2,995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0913005
    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

    • Maxx Properties / Real Estate Agency / Apartment Building
    • Floor Tile Installation / Tile Store
    • G C Services / Professional Services
    • Colorado Youth Corps Association / Youth Organization / Association / Organization
    • Live AMC / Real Estate Appraiser

    Property Details for 1640 Grant St

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    0.29 lot acres
    Property size
    22,515 SF
    Zone code
    C-MX-12
    Property type
    Office buildings
    APN
    02349-18-010-000
    APU
    234918010000

    Description

    This exceptional 18,675 square foot office building, located in the heart of Denver's vibrant uptown area, presents a unique investment opportunity. The property, built in 1961 and extensively renovated in 2019, offers a blend of traditional office space and coworking potential. Currently, 8,810 square feet of space is available, divisible into units as small as 1,041 square feet, with a maximum contiguous space of 8,810 square feet. The building boasts a newly renovated lobby, completed in 2020, and many suites have been recently updated. Suite 220 even includes access to an outdoor patio area. The property features ample natural light throughout. Conveniently located near multiple public transportation options, including RTD bus routes, the 16th Street Mall shuttle, and Metroride, it offers easy access for employees and clients. On-site amenities include a loading dock, freight elevator, and available storage space. Parking is available for an additional monthly fee, supplementing the readily available metered street parking. The building is zoned C-MX-12 and sits on a 12,600 square foot lot. This Class C building offers an unbeatable central uptown location, making it an ideal choice for businesses seeking a prime address in a thriving Denver market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $647,000
      Market price range: $357k - $1.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.983
    Latitude
    39.7423
    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
    $72,803
    $870,480
    $69,080
    $939,560
    -
    $3,150,000
    $247,600
    $3,397,600

    Comparable in this City

    • Value Estimation
      $805,000
      57,453 SF

      444 Sherman St

      OFFICE BUILDING • 57,453 SF
      444 Sherman St, Denver, CO 80203-3502
      View Details
    • Value Estimation
      $650,000
      40,296 SF

      421 Broadway

      OFFICE BUILDING • 40,296 SF
      421 Broadway, Denver, CO 80203-3403
      View Details
    • Value Estimation
      $440,000
      403,074 SF

      1775 Sherman St

      OFFICE BUILDING (MULTI-STORY) • 403,074 SF
      1775 Sherman St, Denver, CO 80203-1100
      View Details
    • Value Estimation
      $325,000
      307,826 SF

      303 17th Ave

      OFFICE BUILDING (MULTI-STORY) • 307,826 SF
      303 17th Ave, Denver, CO 80203-1235
      View Details
    • Value Estimation
      $500,000
      121,864 SF

      600 Grant St

      OFFICE BUILDING (MULTI-STORY) • 121,864 SF
      600 Grant St, Denver, CO 80203-3524
      View Details
    • Value Estimation
      $395,000
      13,104 SF

      1144 Sherman St

      OFFICE BUILDING • 13,104 SF
      1144 Sherman St, Denver, CO 80203-2207
      View Details

    Similar Nearby for Sale

    • $630,000
      1,958 SF

      Downtown Brighton Commercial Office Building

      Well-maintained office building in the heart of Brighton, Colorado.
      129 S 4Th Ave, Brighton, CO 80203
      View Details
    • $1,700,000
      2,120 SF

      Updated Office Building with Parking

      Office building in Washington Park with on-site parking.
      280 Pennsylvania St, Denver, CO 80203
      View Details
    • Contact for pricing
      11,200 SF

      Denver Office Building For Sale

      Office building with 11,200 square feet available for purchase.
      1205 N Washington St, Denver, CO 80203
      View Details
    • $2,600,000
      9,168 SF

      Denver Office Building For Sale

      Office building for sale in Denver's vibrant Capitol Hill.
      825 Logan St, Denver, CO 80203
      View Details
    • $1,160,000
      3,999 SF

      RiNo District Live/Work Office

      Stand-alone office building with two units and private parking.
      4501-4503 Logan St, Denver, CO 80203
      View Details
    • $2,995,000
      21,721 SF

      Denver Office Building Investment Opportunity

      21,721 SF office building in Denver's vibrant Capitol Hill.
      1640 Grant St, Denver, CO 80203
      View Details

    Similar Nearby for Lease

    • $9,500 /Mo
      6,156 SF

      Historic Office Mansion in Capitol Hill

      Historic office mansion with original features and flexible office space.
      940 N Logan St, Denver, CO 80203
      View Details
    • $4,200,000
      7,946 SF

      Denver Office Building For Rent

      Office building with secure covered parking in Denver, Colorado.
      1645 Grant St, Denver, CO 80203
      View Details
    • $20 SF/Yr
      17,160 SF

      Denver Uptown Office Space

      High-quality office space in Denver's vibrant Uptown neighborhood.
      1645-1655 Grant St, Denver, CO 80203
      View Details
    • $10 SF/Yr
      21,000 SF

      Introducing 1147 Broadway, a Versatile Office Flex Space in the Heart of Denver, CO

      Introducing 1147 Broadway, a Versatile Office Flex Space in the Heart of Denver, CO
      1147 Broadway, Denver, CO 80203
      View Details
    • $36 SF/Yr
      3,200 SF

      Denver Office Space For Rent

      Office space with parking, close to light rail and amenities.
      999 S Logan St, Denver, CO 80203
      View Details
    • $14 SF/Yr
      4,151 SF

      Office Condo in Mixed-Use Development

      Office condo in a mixed-use development available for lease.
      450 E 17Th Ave, Denver, CO 80203
      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.
    1640 Grant St
    Denver, CO 80203
    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.