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

    1700 Platte St Denver, CO 80202-2814

    • Office buildings
    • 203,148 SF
    • 1.36 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2023
    $129,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2350714
    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

    • Blink Charging Station / Electric Vehicle Charging Station
    • Maria Empanada - Riverview / Argentinian Restaurant / Family Restaurant
    • 1700 Platte Street Parking - ParkChirp / Parking Garage / Parking Lot
    • Workiva / Software Company
    • Parking For Pivotal Tenants / Parking Garage

    Property Details for 1700 Platte St

    Year built
    2016
    Construction
    CONCRETE
    Lot size
    1.36 lot acres
    Property size
    203,148 SF
    Zone code
    C-MX-5
    Property type
    Office buildings
    APN
    02284-07-019-000
    APU
    228407019000

    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
    -105.007
    Latitude
    39.7581
    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
    $2,183,930
    $3,706,100
    $24,478,730
    $28,184,830
    -
    $13,313,500
    $87,737,400
    $101,050,900

    Comparable in this City

    • Value Estimation
      $465,000
      0.23 Acres

      675 15th St

      OFFICE BUILDING (MULTI-STORY) • 0.23 Acres
      675 15th St, Denver, CO 80202-4224
      View Details
    • Value Estimation
      $445,000
      677,832 SF

      201 Colfax Ave

      OFFICE BUILDING (MULTI-STORY) • 677,832 SF
      201 Colfax Ave, Denver, CO 80202-5329
      View Details
    • Value Estimation
      $460,000
      433,920 SF

      1681 Chestnut Pl

      OFFICE BUILDING (MULTI-STORY) • 433,920 SF
      1681 Chestnut Pl, Denver, CO 80202-5317
      View Details
    • Value Estimation
      $645,000
      162,831 SF

      110 16th St

      OFFICE BUILDING (MULTI-STORY) • 162,831 SF
      110 16th St, Denver, CO 80202-5202
      View Details
    • Value Estimation
      $410,000
      507,837 SF

      1125 17th St

      OFFICE BUILDING (MULTI-STORY) • 507,837 SF
      1125 17th St, Denver, CO 80202-2025
      View Details
    • Value Estimation
      $845,000
      715,647 SF

      1144 15th St

      OFFICE BUILDING (MULTI-STORY) • 715,647 SF
      1144 15th St, Denver, CO 80202-2569
      View Details

    Similar Nearby for Sale

    • $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
    • $2,500,000
      18,702 SF

      Denver Office Building For Sale

      Prime office building in vibrant downtown Denver location.
      1437 California St, Denver, CO 80202
      View Details
    • $2,800,000
      6,250 SF

      Denver Office Building For Sale

      6,250 SF office building in historic Denver location.
      1917 Market St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,624 SF

      Downtown Office Space For Sale

      Office space in prime downtown location with high visibility.
      2955 Inca St, Denver, CO 80202
      View Details
    • $2,129,000
      5,760 SF

      Downtown Denver Office Space

      Second floor office space for sale in central Denver.
      1440 Blake St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,035 SF

      Denver Creative Office Condo

      1,035 SF, Vacant, Class A Office Space
      2001 Lincoln St, Denver, CO 80202
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      155,948 SF

      Denver Office Building with Amenities

      Office building for rent with parking, fitness center, and restaurants.
      1550 Market St, Denver, CO 80202
      View Details
    • $33 SF/Yr
      20,253 SF

      LoDo Office Space Near Union

      Prime office space in Denver's vibrant Lower Downtown district.
      1660 Wynkoop St, Denver, CO 80202
      View Details
    • Contact for pricing
      23,773 SF

      Renovated Office with Downtown Views

      Recently renovated office space with views and on-site amenities.
      717 17Th St, Denver, CO 80202
      View Details
    • $30 SF/Yr
      8,605 SF

      Downtown Denver Office Space

      Transit-oriented office space in Downtown Denver with walkable amenities.
      1600 Stout St, Denver, CO 80202
      View Details
    • Contact for pricing

      Renovated Midtown Denver Office Building

      Renovated 5-story office building in Midtown Denver, on Platte River.
      2300 15Th St, Denver, CO 80202
      View Details
    • Contact for pricing
      18,468 SF

      Modern Office Building in Denver

      Prime office space near Civic Center Park and State Capitol.
      101 W Colfax Ave, Denver, CO 80202
      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.
    1700 Platte St
    Denver, CO 80202-2814
    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.