Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2644 Colfax Ave Denver, CO 80204-2344
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2644 Colfax Ave Denver, CO 80204-2344

    View on Map
    • Turn key restaurants
    • 0.35 lot acres
    Off-Market
    Property ID
    US13-0759226
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Original Brooklyn's / Restaurant

    Property Details for 2644 Colfax Ave

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Zone code
    CMX
    Property type
    Turn key restaurants
    APN
    05051-09-030-000
    APU
    505109030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.02
    Latitude
    39.7398
    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
    $28,943
    $373,250
    $280
    $373,530
    -
    $1,367,800
    $1,000
    $1,368,800

    Comparable in this City

    • Value Estimation
      $600,000
      8,008 SF

      1055 Auraria Pkwyb

      RESTAURANT • 8,008 SF
      1055 Auraria Pkwyb, Denver, CO 80204-5807
      View Details
    • Value Estimation by Request
      2,232 SF

      4032 17th Ave

      RESTAURANT • 2,232 SF
      4032 17th Ave, Denver, CO 80204-3198
      View Details
    • Value Estimation
      $510,000
      3,871 SF

      1201 Cherokee St

      RESTAURANT • 3,871 SF
      1201 Cherokee St, Denver, CO 80204-3634
      View Details
    • Value Estimation
      $885,000
      18,850 SF

      753 Santa Fe Dr

      RESTAURANT • 18,850 SF
      753 Santa Fe Dr, Denver, CO 80204-4515
      View Details
    • Value Estimation
      $1,855,000
      32,752 SF

      901 Auraria Pkwy

      RESTAURANT • 32,752 SF
      901 Auraria Pkwy, Denver, CO 80204-5813
      View Details
    • Value Estimation
      $1,350,000
      32,124 SF

      1222 Glenarm Pl

      RESTAURANT • 32,124 SF
      1222 Glenarm Pl, Denver, CO 80204-2113
      View Details

    Similar Nearby for Sale

    • $595,000

      Restaurant Building in Arts District

      Restaurant building in the heart of the Arts District.
      709 W 8Th Ave, Denver, CO 80204
      View Details
    • Contact for pricing
      1,226 SF

      Colfax Avenue Redevelopment Opportunity

      Redevelopment site with high traffic counts near downtown Denver.
      606 Colfax Ave, Denver, CO 80204
      View Details
    • $3,696,480
      20,536 SF

      Denver Two-Story Building For Sale

      20,536 SF building suitable for food hall or event space.
      4747 W Colfax Ave, Denver, CO 80204
      View Details
    • Contact for pricing
      10,190 SF

      Prime Berkeley Retail Opportunity

      Retail property in a densely populated, affluent Denver neighborhood.
      3985 Tennyson St, Denver, CO 80204
      View Details
    • $3,985,000
      692 SF

      Former Starbucks Drive-Thru Available

      High-traffic location on Santa Fe Drive, near I-25.
      1285 S Santa Fe Dr, Denver, CO 80204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      King Soopers Anchored Retail Space

      Retail spaces available in high-density residential area near Santa Fe.
      1355 Santa Fe Dr, Denver, CO 80204
      View Details
    • $20 SF/Yr
      6,793 SF

      West Colfax Storefront Units Available

      Customizable storefront units in growing Denver neighborhood with high visibility.
      3933 W Colfax Ave, Denver, CO 80204
      View Details
    • Contact for pricing

      Retail Space on Colfax Avenue

      Single tenant retail space available for rent.
      4205 W Colfax Ave, Denver, CO 80204
      View Details
    • Contact for pricing

      Restaurant/Retail Space in Golden Triangle

      New restaurant/retail space in a residential development, now open.
      140 W 10Th Ave, Denver, CO 80204
      View Details
    • Contact for pricing

      Commercial Kitchens Near I-25

      Commercial kitchens for rent near I-25 and Regis University.
      810 Vallejo St, Denver, CO 80204
      View Details
    • Contact for pricing

      Retail Space Near Quin Development

      Retail space available adjacent to Quin Mixed-Use Development.
      1090 Santa Fe Dr, Denver, CO 80204
      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.
    2644 Colfax Ave
    Denver, CO 80204-2344
    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!