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Property profile & analytics
OFF-MARKET
Estimated value
$60,715,000
Office buildings
17776 84th Ave Commerce City, CO 80022-5018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0604449
Property summary
AI-generated overview
Ascent Commerce Center Building 1 offers 88,152 square feet of immediately available Class A industrial space, part of a larger 594,400 square foot development. This multi-tenant building boasts 32-foot clear ceiling heights, 34 loading docks (including 10 dock-high doors and 2 drive-ins), 261 parking spaces, and 30 trailer stalls. The space is divisible down to 21,840 square feet, with a maximum contiguous space of 154,831 square feet. Located in Commerce City's Nexus at DIA master-planned business park, this strategically positioned property offers easy access to Denver International Airport (8-minute drive) and features a 6-inch reinforced concrete slab, ESFR sprinklers, and ample trailer storage/parking. The building's design includes front-loaded spaces with rear access, 19 dock-high doors (9' x 10', 6 with levelers), and 2 drive-in doors (12' x 14'). The property provides 2500 amp, 480-volt, 3-phase power. Ideal for manufacturing, warehouse, and distribution operations.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
312,480 SF
Lot
33.13 ac (1,442,969 SF)
APN
R0201311
UPID
US13-0604449
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$75.14M
Comparable Approach
Comparable
$50.57M
Blend (final)
Blend
$60.72M
Owner & transaction history
Ascent Commerce Center LLC · 1 yrs held
Ascent Commerce Center LLC
since 2024
Last sale
$63.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$100.5M
+25.7%
Apartment house (5+ units)
$97.1M
+21.5%
Medical building
$94.9M
+18.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$70,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$81,395,000
6.5%
$75,135,000
7%
$69,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$79,965,000
Current use
RETAIL STORES
$100,495,000
Change: +26% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$97,140,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$94,885,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$73,310,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$60.72M
Range $54.64M – $66.79M · ±10% · vs last sale $63.75M (Apr 16 2021)
Last sale anchor
$63.75M
Apr 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,623,102
Tax year 2023
Assessed value
$18,708,570
Assessed 2023
Previous assessed
$11,896,350
+57.3% YoY
Effective rate
19.37%
On assessed value
Assessed land
$2,214,240
Assessed improvement
$16,494,330
Land market value
$7,936,352
Improvement market value
$59,119,449
Total market value
$67,055,801
Applied tax rate
283.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
SPACE
Buildings
2
Stories
1
Total area
312,480 SF
Lot
33.13 ac (1,442,969 SF)
APN
R0201311
UPID
US13-0604449
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$80.0M
RETAIL STORES
Est. value
$100.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$97.1M
MEDICAL BUILDING
Est. value
$94.9M
COMMERCIAL (GENERAL)
Est. value
$73.3M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
SPACE
Stories
1
Buildings
2
Lot
33.13 ac
Current owner
From public records · entity-resolved
Ascent Commerce Center LLC
Entity
Mailing address
100 N FLD DR STE #110, LAKE FOREST, IL 60045-4852
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$61,000,000
Ascent Commerce Center LLC
Pr Ascent Commerce Center LLC
Special Warranty Deed
$20,600,000 · First Merchants Bank
Apr 16, 2021
$63,750,000
Pr Ascen Commerce Center LLC
Ch Rlty Viii I PC I Denver 84th Tel
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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