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Property profile & analytics
FOR SALE
Commercial real estate
1801 E Colfax Ave, Denver, CO 80218
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0696452
For Sale
1 / 8
$2,400,000
1801 E Colfax Ave, Denver, CO 80218
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Property summary
AI-generated overview
This exceptional 15,634 square foot commercial land parcel, located at 1801 E. Colfax Ave in Denver, Colorado, presents a unique investment opportunity. Currently vacant, this property is zoned C-MS-5 and offers significant potential for redevelopment. The asking price is $2,400,000, translating to $153.51 per square foot. The site's previous use as a carwash provides a solid foundation for various development options. The property is ideally situated on a signalized corner, ensuring high visibility and accessibility. Potential uses include retail, drive-thru establishments, office space, or even a multi-family residential building of up to 5-7 stories. Incentives may be available for affordable housing projects
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
WOOD
Total area
5,587 SF
Lot
0.36 ac (15,625 SF)
Zoning code
C-MS-5
APN
02355-34-008-000
UPID
US13-0696452
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
Current use
Occupant on record · Public records
-
Ringsby Realty Corporation Real Estate Agency
-
Alex LLC Cng Fitment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$446k
Blend (final)
Blend
$680k
Owner & transaction history
Ringsby Terminals INC · 5 yrs held
Ringsby Terminals INC
since 2020
7 recorded transactions
Zoning & alternative use
C-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$122 / 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
$36,297
Tax year 2023
Assessed value
$414,430
Assessed 2023
Previous assessed
$408,120
+1.5% YoY
Effective rate
8.76%
On assessed value
Assessed land
$414,150
Assessed improvement
$280
Land market value
$1,484,400
Improvement market value
$1,000
Total market value
$1,485,400
Applied tax rate
188.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1965
Construction
WOOD
Heating
FORCED AIR
Total area
5,587 SF
Lot
0.36 ac (15,625 SF)
Zoning code
C-MS-5
APN
02355-34-008-000
UPID
US13-0696452
Jurisdiction
DENVER
Zoning & alternative use
C-MS-5 · Denver, CO
Zoning C-MS-5 · permitted uses
C-MS-5 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
FORCED AIR
Lot
0.36 ac
Current owner
From public records · entity-resolved
Ringsby Terminals INC
Entity
Free & Clear · 5 yrs held
Mailing address
1509 YORK ST, DENVER, CO 80206-1408
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
$720,000
Ringsby Terminals INC
Properties Lllp Schwartz
Grant Deed
—
Feb 19, 2020
—
Krf 1807 LLC
—
Deed
related
$468,059 · Firstbank
Feb 5, 2019
—
Krf 1801 LLC
—
Deed
related
$525,600 · Firstbank
Mar 13, 2018
—
Krf 1801 LLC
—
Deed
related
$584,000 · Firstbank/jefferson
Feb 16, 2017
—
Krf 1801 LLC
—
Deed
related
$584,000 · Firstbank
Jan 6, 2015
$1,000,000
Krf 1801 LLC
Swenson Land & Investments INC
Warranty Deed
$584,000 · Firstbank
—
—
Krf 1801 LLC
—
Loan Modification
related
$525,600 · Firstbank
—
—
Krf 1807 LLC
—
Loan Modification
related
$468,059 · Firstbank
—
—
Krf 1801 LLC
—
Loan Modification
related
$584,000 · Firstbank
—
—
Krf 1801 LLC
—
Loan Modification
related
$584,000 · Firstbank/jefferson
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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