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

    2171 Grape St Denver, CO 80222

    • Manufacturing properties
    • 8,116 SF
    • 0.55 lot acres
    For Lease
    View listing
    Last Sale
    Jan 06, 2021
    $1,261,450
    Value Estimations
    $1,245,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0268225
    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

    • Integrated Systems / Security System Supplier
    • Cheesecake Club (Pickup/Delivery Hub) / Cake Shop
    • Grazing Denver / Mobile Caterer
    • BOMBAY FRANKIES / Modern Indian Restaurant
    • Farmhouse Thai Eatery Ghost Kitchen / Thai Restaurant

    Property Details for 2171 Grape St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    8,116 SF
    Zone code
    I-MX-3
    Property type
    Manufacturing properties
    APN
    06301-22-003-000
    APU
    630122003000

    Description

    This exceptional 250-square-foot commercial kitchen, located at 2171 S Grape St in Denver, Colorado (zip code 80222), presents a unique opportunity for food entrepreneurs. Classified as a Class B retail/restaurant space within Denver County, this single-tenant property offers a turnkey solution for launching or expanding a food business. The kitchen is perfectly suited for various operations, including ghost kitchens, catering businesses, food trucks seeking a central preparation area, or established restaurants aiming for efficient expansion. Its compact size minimizes overhead costs, making it an attractive option for startups or businesses operating on a smaller budget. The location within Denver ensures access to a robust delivery network and a large customer base, maximizing potential for growth and profitability. This property is ready for immediate occupancy, allowing for a swift and efficient launch of your culinary venture. The address is easily accessible, providing convenient operations and logistics. This is an excellent opportunity to establish a thriving food business in a prime Denver location with minimal upfront investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,235,000
      ML approach
      $1,225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,060,000
      7%
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,394,000
      Market price range: $1.07M - $2.34M
      AI Estimate
      $974,000
      Market price range: $173k - $2.28M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,485,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.926
    Latitude
    39.6773
    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
    $26,623
    $192,760
    $150,830
    $343,590
    -
    $720,900
    $540,600
    $1,261,500

    Comparable in this City

    • Value Estimation
      $12,470,000
      111,747 SF

      5050 Evans Ave

      FOOD PROCESSING • 111,747 SF
      5050 Evans Ave, Denver, CO 80222-5218
      View Details
    • Value Estimation
      $5,750,000
      81,376 SF

      2025 Holly St

      MINI-WAREHOUSE, STORAGE • 81,376 SF
      2025 Holly St, Denver, CO 80222-4817
      View Details
    • Value Estimation
      $530,000
      4,777 SF

      4990 Asbury Ave

      WAREHOUSE, STORAGE • 4,777 SF
      4990 Asbury Ave, Denver, CO 80222-4803
      View Details
    • Value Estimation
      $6,050,000
      69,919 SF

      5200 Evans Ave

      MINI-WAREHOUSE, STORAGE • 69,919 SF
      5200 Evans Ave, Denver, CO 80222-5222
      View Details
    • Value Estimation by Request
      4,000 SF

      4985 Evans Ave

      WAREHOUSE, STORAGE • 4,000 SF
      4985 Evans Ave, Denver, CO 80222
      View Details
    • Value Estimation
      $920,000
      8,684 SF

      2125 Jasmine St

      WAREHOUSE, STORAGE • 8,684 SF
      2125 Jasmine St, Denver, CO 80222-5705
      View Details

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    2171 Grape St
    Denver, CO 80222
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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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