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

    1875 Broadway, Unit 1881 Denver, CO 80210-3103

    • Commercial real estate
    • 11,919 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2022
    $2,550,000
    Value Estimations
    $2,495,000
    Show details
    Cap Rate Potential
    7.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US13-0797029
    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

    • Smith + Drake / Interior Design / Home Decor Store

    Property Details for 1875 Broadway

    Year built
    1911
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    11,919 SF
    Zone code
    U-MS-5
    Property type
    Commercial real estate
    APN
    05226-17-024-000
    APU
    522617024000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,380,000
      ML approach
      $2,410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,800,000
      6.5%
      $2,585,000
      7%
      $2,400,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,860,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,870,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $3,620,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.988
    Latitude
    39.6825
    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
    $33,289
    $112,570
    $317,040
    $429,610
    -
    $656,100
    $1,770,800
    $2,426,900

    Comparable in this City

    • Value Estimation by Request
      3.63 Acres

      1805 Columbine St

      COMMERCIAL (GENERAL) • 3.63 Acres
      1805 Columbine St, Denver, CO 80210
      View Details
    • Value Estimation
      $1,005,000
      6,250 SF

      1985 Broadway

      COMMERCIAL (GENERAL) • 6,250 SF
      1985 Broadway, Denver, CO 80210
      View Details
    • Value Estimation by Request
      2,070 SF

      1140 Broadway

      COMMERCIAL (GENERAL) • 2,070 SF
      1140 Broadway, Denver, CO 80210-1502
      View Details
    • Value Estimation
      $765,000
      4,170 SF

      1601 Washington St

      COMMERCIAL (GENERAL) • 4,170 SF
      1601 Washington St, Denver, CO 80210-2709
      View Details
    • Value Estimation by Request
      310,291 SF

      11 Arizona Ave

      COMMERCIAL (GENERAL) • 310,291 SF
      11 Arizona Ave, Denver, CO 80210-2254
      View Details
    • Value Estimation
      $1,475,000
      9,370 SF

      2013 Broadway

      COMMERCIAL (GENERAL) • 9,370 SF
      2013 Broadway, Denver, CO 80210
      View Details

    Similar Nearby for Sale

    • $1,700,000
      5,212 SF

      Lincoln's Roadhouse: Prime Denver Location

      Established Restaurant, High-Traffic Area, For Sale
      1201 Pearl St, Denver, CO 80210
      View Details
    • Contact for pricing
      11,616 SF

      Denver Multifamily Investment Opportunity

      Turnkey, fully renovated 17-unit multifamily property near Denver University.
      2465 S Gaylord St, Denver, CO 80210
      View Details
    • $1,300,000
      2,478 SF

      Retail Building Near Washington Park

      Multi-tenant retail building in ideal Washington Park location.
      2703 E Louisiana Ave, Denver, CO 80210
      View Details
    • $550,000

      Premium Lot in Central Denver

      Rare 7,500 sq ft lot to build your dream home.
      1904 S Adams St, Denver, CO 80210
      View Details
    • Contact for pricing
      1,752 SF

      Historic South Pearl Street Retail

      Retail property on historic South Pearl Street with parking.
      1455 S Pearl St, Denver, CO 80210
      View Details
    • $4,100,000
      8,639 SF

      Denver Multifamily Investment Opportunity

      10-Unit Apartment Building, High NOI
      2455 Gaylord St, Denver, CO 80210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,763 SF

      Denver Office Space for Lease

      Prime Denver location, flexible office suites.
      1221 Clarkson St, Denver, CO 80210
      View Details
    • $24 SF/Yr
      153,985 SF

      Belcaro Place Office Suites

      Denver Office Space, I-25 Access
      3801 Florida Ave, Denver, CO 80210
      View Details
    • $37 SF/Yr
      13,343 SF

      Prime Location Near Denver University

      Highly visible commercial space near University of Denver and Washington Park.
      1666 South University Blvd, Denver, CO 80210
      View Details
    • Contact for pricing
      3,050 SF

      Retail and Restaurant Space Available

      Ground floor retail in luxury apartments near the University of Denver.
      2100-2360 S University Blvd, Denver, CO 80210
      View Details
    • Contact for pricing
      3,566 SF

      Prime Retail Space on Broadway

      High-visibility retail space in Denver's Antiques District.
      1290 S Broadway, Denver, CO 80210
      View Details
    • $20 SF/Yr
      1,698 SF

      Aurora Office Space for Rent

      Office space near Iliff Ave and I-225 interchange.
      12200 E Iliff Ave, Aurora, CO 80210
      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.
    1875 Broadway, Unit 1881
    Denver, CO 80210-3103
    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.