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

    1955 Arapahoe St Denver, CO 80202

    • High-rise multifamily apartments
    • 171,766 SF
    • 0.65 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1774147
    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

    • Halcyon House Apartments / Apartment Building / Apartment Complex
    • Dr. Bahareh Parisi / Dental Office
    • Busia / Community Center
    • Thomas Mulheran / Dental Office
    • Lorena Lavarne / Dental Office

    Property Details for 1955 Arapahoe St

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    0.65 lot acres
    Property size
    171,766 SF
    Zone code
    D-C
    Property type
    High-rise multifamily apartments
    APN
    02345-06-054-000
    APU
    234506054000

    Description

    Halcyon House offers exceptional lease opportunities in Denver's vibrant Central Business District, available May 26, 2024. This multi-tenant property features two distinct suites ideal for a variety of businesses. Suite A, a former dentist's office, and Suite B, previously occupied by an industrial sign company, offer flexible spaces ranging from 1,512 to 3,000 square feet. Suite B boasts a recently installed HVAC system, enhancing its appeal. The property's prime location ensures high foot and vehicle traffic, benefiting from its proximity to numerous amenities. These include residential complexes (condos, hotels, and apartments), other office buildings, Coors Field, and the Colorado Convention Center, creating a dynamic and convenient environment. Up to ten off-street parking spaces are included, adding significant value for tenants and their clients. The property is zoned D-C and UO-1, allowing for diverse commercial uses. This is a rare opportunity to secure prime retail or office space in the heart of Denver's bustling CBD.

    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
    -104.991
    Latitude
    39.7515
    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
    $288,433
    $553,670
    $3,168,720
    $3,722,390
    -
    $8,318,700
    $47,294,400
    $55,613,100

    Comparable in this City

    • Value Estimation
      $23,625,000
      141,576 SF

      1880 Little Raven St

      HIGH-RISE APARTMENTS • 141,576 SF
      1880 Little Raven St, Denver, CO 80202-6128
      View Details
    • Value Estimation
      $28,000,000
      181,865 SF

      2100 Delgany St

      HIGH-RISE APARTMENTS • 181,865 SF
      2100 Delgany St, Denver, CO 80202-7159
      View Details
    • Value Estimation
      $1,105,000
      322,411 SF

      3011 Huron St

      HIGH-RISE APARTMENTS • 322,411 SF
      3011 Huron St, Denver, CO 80202
      View Details
    • Value Estimation
      $7,010,000
      54,208 SF

      1550 Market St

      HIGH-RISE APARTMENTS • 54,208 SF
      1550 Market St, Denver, CO 80202-2054
      View Details
    • Value Estimation
      $7,410,000
      63,759 SF

      700 16th St15-4

      HIGH-RISE APARTMENTS • 63,759 SF
      700 16th St15-4, Denver, CO 80202-3229
      View Details
    • Value Estimation
      $7,445,000
      62,500 SF

      1531 Stout St

      HIGH-RISE APARTMENTS • 62,500 SF
      1531 Stout St, Denver, CO 80202-3217
      View Details

    Similar Nearby for Sale

    • $1,495,000
      136,868 SF

      LoDo Submarket Apartment Condos

      LoDo apartment condos with ground floor entry and high ceilings.
      1499 Blake St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,099 SF

      SPIRE Residence with Mountain Views

      Sophisticated 2-bedroom residence with unmatched views and premier amenities.
      891 14Th St, Denver, CO 80202
      View Details
    • $700,000

      McGregor Square Residence with Views

      Modern condo with mountain views, luxurious amenities, and prime location.
      1901 Wazee St, Denver, CO 80202
      View Details
    • $740,000

      Luxury Condo in McGregor Square

      Downtown Denver condo with city views and premium amenities.
      1901 Wazee St, Denver, CO 80202
      View Details
    • Contact for pricing
      6,187 SF

      LoDo Creative Office - Denver, CO

      Prime LoDo location, Coors Field views. High foot traffic.
      1948 Blake St, Denver, CO 80202
      View Details
    • Contact for pricing
      12,333 SF

      Blake Street Storefront Opportunity

      Iconic LoDo location, high foot traffic
      1962 Blake St, Denver, CO 80202
      View Details

    Similar Nearby for Lease

    • $3,795 /Mo
      1,456 SF

      Spacious Apartment Near Union Station

      Large two-bedroom apartment with modern amenities and convenient location.
      1750 Wewatta St, Denver, CO 80202
      View Details
    • $3,500 /Mo
      1,420 SF

      Updated Corner Unit with Views

      Spacious apartment with new kitchen, patio, and included parking.
      1610 Little Raven St, Denver, CO 80202
      View Details
    • $1,750 /Mo
      635 SF

      Furnished Condo with City Views

      Furnished 1 bed, 1 bath condo in downtown Denver.
      1020 15Th St, Denver, CO 80202
      View Details
    • $2,200 /Mo
      816 SF

      Updated Condo with Utilities Included

      Updated condo with utilities included in downtown Denver location.
      1625 Larimer St, Denver, CO 80202
      View Details
    • $20 SF/Yr
      4,512 SF

      Halcyon House: Downtown Denver Office

      Prime CBD Retail/Office Suites Available
      1955 Arapahoe St, Denver, CO 80202
      View Details
    • $23 SF/Yr
      1,500 SF

      1500 SF of Street Level Retail For Lease

      1500 SF of Street Level Retail For Lease
      1531 Stout St, 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.
    1955 Arapahoe St
    Denver, CO 80202
    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.