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

    2150 W 29Th Ave Denver, CO 80211

    • Office buildings
    • 38,441 SF
    • 0.41 lot acres
    For Lease
    View listing
    Last Sale
    Dec 29, 2021
    $13,500,000
    Value Estimations
    $11,635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0073590
    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

    • Lower Highlands Dermatology / Dermatologist / Doctor
    • Janice Martindale / Counselor
    • W. Hunter Psychological Services, PLLC / Psychologist
    • Molly Olk, LLC / Counselor
    • Matthew B. Myles / Psychotherapist / Social Worker

    Property Details for 2150 W 29Th Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    38,441 SF
    Zone code
    C-MX-5
    Property type
    Office buildings
    APN
    02283-24-001-000
    APU
    228324001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,175,000
      ML approach
      $8,585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,015,000
      6.5%
      $9,245,000
      7%
      $8,585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,795,000
      Market price range: $5.58M - $15.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,835,000
      Current use
      RETAIL STORES
      $18,835,000
      Change: +91% Conversion: Moderate
      RESTAURANT
      $15,720,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $15,395,000
      Change: +57% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $15,140,000
      Change: +54% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $12,475,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $12,440,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $11,675,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.013
    Latitude
    39.7581
    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
    $278,015
    $848,940
    $2,739,000
    $3,587,940
    -
    $3,072,800
    $9,817,200
    $12,890,000

    Comparable in this City

    • Value Estimation
      $6,105,000
      44,181 SF

      4045 Pecos St

      OFFICE BUILDING • 44,181 SF
      4045 Pecos St, Denver, CO 80211-2555
      View Details
    • Value Estimation
      $3,290,000
      23,359 SF

      2000 Clay St

      OFFICE BUILDING • 23,359 SF
      2000 Clay St, Denver, CO 80211-5170
      View Details
    • Value Estimation
      $2,770,000
      18,000 SF

      2535 17th St

      OFFICE BUILDING • 18,000 SF
      2535 17th St, Denver, CO 80211-6416
      View Details
    • Value Estimation
      $2,610,000
      19,871 SF

      3553 Wyandot St

      OFFICE BUILDING • 19,871 SF
      3553 Wyandot St, Denver, CO 80211-2948
      View Details
    • Value Estimation
      $1,140,000
      6,731 SF

      4760 Shoshone St

      OFFICE BUILDING • 6,731 SF
      4760 Shoshone St, Denver, CO 80211-1260
      View Details
    • Value Estimation
      $510,000
      3,430 SF

      4047 Tejon St

      OFFICE BUILDING • 3,430 SF
      4047 Tejon St, Denver, CO 80211-2214
      View Details

    Similar Nearby for Sale

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      Denver Office/Creative Building For Sale

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    • Contact for pricing
      3,430 SF

      Denver Office Building Investment Opportunity

      Prime Denver location, 3,430 SF, 100% occupied, U-MS-2 zoning.
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    • $3,495,000

      Denver Office Building with Redevelopment Potential

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    • $1,500,000
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      Denver Office Building For Sale

      Office building in up-and-coming neighborhood with easy highway access.
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      View Details
    • $2,750,000
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      LoHi Creative Office/Retail Building

      Freestanding building in central location with live/work opportunities.
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    Similar Nearby for Lease

    • $21 SF/Yr
      3,000 SF

      Denver Office Building For Rent

      Charming 3,000 SF office space in Denver's Sunnyside neighborhood.
      4043-4047 Tejon St, Denver, CO 80211
      View Details
    • $32 SF/Yr
      3,000 SF

      Lowell Blvd Creative Office Space

      Denver, CO - 3,000 sq ft Creative Office
      4272 Lowell Blvd, Denver, CO 80211
      View Details
    • Contact for pricing
      5,083 SF

      Office Forty45 Coworking Sublease

      Office space available for sublease at 4045 Pecos St.
      4045 Pecos St, Denver, CO 80211
      View Details
    • $16 SF/Yr
      2,800 SF

      Denver Office Space For Rent

      Unique office space near Downtown Denver and Mile High Stadium.
      2475 W 26Th Ave, Denver, CO 80211
      View Details
    • Contact for pricing
      5,424 SF

      New Office Space Available

      Five-story office building with outdoor space and valet parking.
      2926 N Umatilla St, Denver, CO 80211
      View Details
    • $18 SF/Yr
      13,824 SF

      Corner Unit on 29th & Zuni

      Corner unit with warehouse, office, and parking in desirable Highlands.
      2904 Zuni St, Denver, CO 80211
      View Details
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    2150 W 29Th Ave
    Denver, CO 80211
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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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