Add Listing
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

    241 56th Ave Denver, CO 80216-1619

    • Auto shops
    • 11,644 SF
    • 4.77 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0989302
    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

    • Charter Express Inc / Trucking Company
    • Us Transport & Logistics / Logistics Company / Freight Service

    Property Details for 241 56th Ave

    Year built
    1958
    Lot size
    4.77 lot acres
    Property size
    11,644 SF
    Property type
    Auto shops
    APN
    R0103531
    APU
    R0103531

    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
    Adams
    State
    Colorado
    Longitude
    -104.99
    Latitude
    39.7992
    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
    $91,937
    $521,730
    $337,250
    $858,980
    -
    $1,869,993
    $1,208,767
    $3,078,760

    Comparable in this City

    • Value Estimation
      $980,000
      999 SF

      575 49th Ave

      AUTO REPAIR, GARAGE • 999 SF
      575 49th Ave, Denver, CO 80216-6347
      View Details
    • Value Estimation
      $905,000
      13,293 SF

      3991 53rd Ave

      AUTO REPAIR, GARAGE • 13,293 SF
      3991 53rd Ave, Denver, CO 80216-2413
      View Details
    • Value Estimation
      $635,000
      6,480 SF

      1290 58th Ave

      AUTO REPAIR, GARAGE • 6,480 SF
      1290 58th Ave, Denver, CO 80216-1531
      View Details
    • Value Estimation by Request
      4,816 SF

      6348 Downing St

      AUTO REPAIR, GARAGE • 4,816 SF
      6348 Downing St, Denver, CO 80216-1228
      View Details
    • Value Estimation by Request
      4,800 SF

      5290 Lincoln St

      AUTO REPAIR, GARAGE • 4,800 SF
      5290 Lincoln St, Denver, CO 80216-2057
      View Details
    • Value Estimation by Request
      2,524 SF

      5395 Lincoln St

      AUTO REPAIR, GARAGE • 2,524 SF
      5395 Lincoln St, Denver, CO 80216-1932
      View Details

    Similar Nearby for Sale

    • $175,000

      Established Car Detailing Business Opportunity

      Well-established car detailing company with strong brand and digital presence.
      5830 Downing St, Denver, CO 80216
      View Details
    • Contact for pricing
      16,552 SF

      Operating Gas Station For Sale

      Gas station with leaseback option or vacancy.
      5175 York St, Denver, CO 80216
      View Details
    • $2,200,000
      8,743 SF

      Denver Warehouse with Secured Parking

      Warehouse with fenced parking and convenient highway access.
      5171 Cook St, Denver, CO 80216
      View Details
    • $200,000

      Buildable Lot with Income Potential

      Zoned for duplex, currently a parking lot generating income.
      4774 Vine St, Denver, CO 80216
      View Details
    • $1,595,000
      7,497 SF

      Denver Retail Redevelopment Opportunity

      Prime 7,497 SF Vacant Bank Building
      4000 Quebec St, Denver, CO 80216
      View Details
    • $4,201,200
      21,006 SF

      Denver Executive Office Suites

      Luxury River North Office Space, 21,006 SF
      2950 Arkins Cour, Denver, CO 80216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,411 SF

      Retail Space with Parking Available

      Retail space with parking and existing curb cuts for lease.
      4095 Jackson St, Denver, CO 80216
      View Details
    • Contact for pricing

      Paved Parking Lot with Lighting

      Central location, paved, lit parking with I-25 access.
      5844 Washington St, Denver, CO 80216
      View Details
    • Contact for pricing
      904 SF

      RiNo Arts District Retail Space

      Retail space in Denver's vibrant RiNo Arts District.
      3901 Wynkoop St, Denver, CO 80216
      View Details
    • Contact for pricing
      472,800 SF

      Pivot Denver: Class A Industrial Space

      414,062 SF Available, Central Denver
      451 58Th Ave, Denver, CO 80216
      View Details
    • $2,109 /Mo

      RiNo Retail Space on River

      Ground floor retail space in prime RiNo location on the river.
      3575 Chestnut Pl, Denver, CO 80216
      View Details
    • Contact for pricing
      50,000 SF

      Denver Retail Space - I-25 Visibility

      Prime Denver retail space, up to 50,000 sq ft.
      3900 Elati St, Denver, CO 80216
      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.
    241 56th Ave
    Denver, CO 80216-1619
    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.
    Sign Up Successful!
    You now have access to more from Realmo!