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    2175 S Jasmine St Denver, CO 80222
    Property profile & analytics

    2175 S Jasmine St Denver, CO 80222

    View on Map
    • Office buildings
    • 39,528 SF
    • 1.61 lot acres
    For Lease
    $2,855,000
    View Listing →
    Renovated Flex/Retail/Office Space Available For Lease
    $2,855,000

    Renovated Flex/Retail/Office Space Available

    Inexpensive, recently renovated flex/retail/office space for rent.

    2175 S Jasmine St, Denver, CO 80222
    View Listing
    Property ID
    US13-1127702
    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.
    Value Estimations
    $2,855,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drama Kids Franchise / Theater & Performing Art Venue / Vocational School
    • Rocky Mountain Insurance Specialists / Insurance Agency
    • RSDS Contracting / General Contractor
    • Culture Barber Studio / Barber Shop
    • Bowler Enterprises / Clothing Store

    Property Details for 2175 S Jasmine St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.61 lot acres
    Property size
    39,528 SF
    Zone code
    I-MX-3
    Property type
    Office buildings
    APN
    06292-00-081-000
    APU
    629200081000

    Description

    This exceptional Denver County commercial property, located at 2175 S. Jasmine Street, offers a diverse range of flexible spaces ideal for various business needs. The building, classified as Class C, boasts a total of 37,396 square feet, encompassing office, industrial, and retail uses. Multiple tenancies are available, with a minimum divisible space of 850 square feet and a maximum contiguous space of 4,327 square feet. Currently, 9,253 square feet are vacant, presenting a significant opportunity for expansion or new occupancy. The property underwent renovations in 2022, enhancing its appeal and functionality. The building's location in Denver, Colorado (zip code 80222), provides convenient access to key transportation routes and amenities. This versatile property is perfect for businesses seeking a blend of office and industrial space, or those needing adaptable retail areas. The available spaces range from 846 to 1,845 square feet, offering flexibility to accommodate a variety of business sizes and requirements. Don't miss this chance to secure prime commercial space in a thriving Denver location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,050,000
      ML approach
      $3,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,949,000
      Market price range: $3.95M - $8.45M
      AI Estimate
      $2,064,000
      Market price range: $1.10M - $6.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.919
    Latitude
    39.6771
    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
    $61,708
    $479,490
    $316,890
    $796,380
    -
    $1,748,600
    $1,135,800
    $2,884,400

    Comparable in this City

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    • Value Estimation
      $6,730,000
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      1650 Colorado Blvd

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    • Value Estimation by Request
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      2110 Holly St

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    • Value Estimation
      $4,545,000
      39,705 SF

      1777 Bellaire St

      OFFICE BUILDING (MULTI-STORY) • 39,705 SF
      1777 Bellaire St, Denver, CO 80222-4306
      View Details
    • Value Estimation
      $7,895,000
      46,319 SF

      4141 Dickenson Pl

      OFFICE BUILDING • 46,319 SF
      4141 Dickenson Pl, Denver, CO 80222-6012
      View Details
    • Value Estimation
      $770,000
      4,932 SF

      2149 Clermont St

      OFFICE BUILDING • 4,932 SF
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      View Details

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      Retail Space on Colorado Boulevard

      Retail property with high visibility and traffic count.
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    Similar Nearby for Lease

    • $20 SF/Yr

      Denver Office Building For Lease

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      23,486 SF

      Denver Office Space Available

      Office building with 23,486 square feet available for rent.
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      Denver Office Complex For Rent

      Well-located office complex in central Denver with convenient access.
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      Retail Space Sublease Opportunity

      7450 SF retail space available for sublease at below market rates.
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      Small Office Suites For Rent

      Small office suites with no pass-throughs on operating expenses.
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      Class A Office Towers

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    View Listing
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    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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