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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Broadway, Unit 14 Denver, CO 80209-1506

    • Strip malls
    • 14,966 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0684201
    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

    • Mutiny Information Cafe / Coffee Shop / Book Store
    • LibertyX Bitcoin ATM / Atm
    • Mutiny Comics / Comic Book Store
    • Chubby Cattle Hotpot & Sushi | Denver / Asian Restaurant / Hot Pot Restaurant

    Property Details for 2 Broadway

    Year built
    1911
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    14,966 SF
    Zone code
    G-MS-5
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    05104-09-036-000
    APU
    510409036000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,660,000
      6.5%
      $3,375,000
      7%
      $3,135,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.987
    Latitude
    39.7163
    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
    $77,501
    $289,540
    $710,650
    $1,000,190
    -
    $1,123,700
    $2,697,000
    $3,820,700

    Comparable in this City

    • Value Estimation
      $8,175,000
      62,249 SF

      575 Broadway

      SHOPPING CENTER, STRIP CENTER • 62,249 SF
      575 Broadway, Denver, CO 80209
      View Details
    • Value Estimation
      $3,485,000
      17,798 SF

      545 Broadway

      SHOPPING CENTER, STRIP CENTER • 17,798 SF
      545 Broadway, Denver, CO 80209-4067
      View Details
    • Value Estimation
      $2,185,000
      10,597 SF

      333 Alameda Ave

      SHOPPING CENTER, STRIP CENTER • 10,597 SF
      333 Alameda Ave, Denver, CO 80209-1735
      View Details
    • Value Estimation
      $18,900,000
      178,250 SF

      595 Broadway

      SHOPPING CENTER, STRIP CENTER • 178,250 SF
      595 Broadway, Denver, CO 80209-4077
      View Details
    • Value Estimation
      $2,075,000
      13,511 SF

      76 Pennsylvania St

      SHOPPING CENTER, STRIP CENTER • 13,511 SF
      76 Pennsylvania St, Denver, CO 80209-1916
      View Details
    • Value Estimation
      $7,475,000
      19,644 SF

      300 Alameda Ave

      SHOPPING CENTER, STRIP CENTER • 19,644 SF
      300 Alameda Ave, Denver, CO 80209-1757
      View Details

    Similar Nearby for Sale

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      23,513 SF

      Central Denver Retail Opportunity

      Retail property for sale in central Denver.
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      Denver Manufacturing/Showroom Building For Sale

      Free-standing building with showroom and manufacturing space in central Denver.
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    • $900,100

      Mixed-Use Property Near Alameda & Broadway

      Mixed-use property with retail and apartment near popular amenities.
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    • $1,495,000
      5,220 SF

      South Broadway Retail/Office Opportunity

      Versatile retail or office space in a vibrant location.
      56 S Broadway, Denver, CO 80209
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    • $900,100
      3,000 SF

      Mixed-Use Property Near Broadway

      Mixed-use property with retail and apartment near Broadway amenities.
      246 S Broadway, Denver, CO 80209
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    • $1,200,000
      3,000 SF

      South Broadway Mixed-Use Gem

      Denver retail & apartment building, high potential.
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    Similar Nearby for Lease

    • $36 SF/Yr
      17,483 SF

      Retail Space on South Broadway

      Retail space in high-traffic area with ample parking.
      545 South Broadway, Denver, CO 80209
      View Details
    • Contact for pricing
      3,380 SF

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,747 to 4,850 SF.
      7400-7490 S University Blvd, Centennial, CO 80209
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    • $240 SF/Yr
      64,000 SF

      Denver Design District Warehouse

      64,000 SF Warehouse/Flex Space for Lease
      575 Broadway, Denver, CO 80209
      View Details
    • Contact for pricing
      12,500 SF

      Restaurant/Retail Building Near Costco

      12,500 SF divisible restaurant/retail building in a dense area.
      2200 Alameda Ave, Denver, CO 80209
      View Details
    • $22 SF/Yr
      7,200 SF

      Retail Space in Centennial, CO

      Retail space available for lease in a vibrant Littleton setting.
      7680 S University Blvd, Centennial, CO 80209
      View Details
    • Contact for pricing
      10,341 SF

      Retail Space in Denver

      Retail property available for lease in Denver, Colorado.
      242 Milwaukee St, Denver, CO 80209
      View Details
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    2 Broadway, Unit 14
    Denver, CO 80209-1506
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    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
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