Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2801 33rd Ave Denver, CO 80211-3231
    Property profile & analytics

    2801 33rd Ave, Denver, CO 80211-3231

    View on Map
    • Assisted living facilities
    • 10,861 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Dec 16, 2022
    $2,286,500
    Property ID
    US13-0589461
    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
    $2,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Decatur West Personal Care / Nursing Home / Retirement Community

    Property Details for 2801 33rd Ave

    Year built
    1943
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Zone code
    U-TU-B
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    02291-29-012-000
    APU
    229129012000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2022 $2,286,500 Royal Place Assisted Living LLC Paula Sue Lopez Special Warranty Deed $2.2M · Ready Capital Corp
    Mar 30, 2021 — The Burm Fickenscher Family Trust Alexandra Fickenscher Beneficiary Deed · related —
    Mar 1, 2021 — Alexandra Fickenscher Potter Highlands Produce LLC Quit Claim Deed · related —
    Nov 30, 2006 — Paula S Lopez Dyer,daniel O Quit Claim Deed · related —
    — — Paula S Lopez — Deed Of Trust · related $89k · Front Range Regular Economic
    — — Paula S Lopez — Deed Of Trust · related $200k · Colorado St Bk&tr
    — — Paula S Lopez — Deed Of Trust · related $960k · Colorado St Bk&tr
    — — Paula S Lopez — Deed Of Trust · related $589k · First American State Bank
    — — Paula S Lopez — Deed Of Trust · related $25k · First American State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,135,000
      ML approach
      $2,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,550,000
      Market price range: $1.81M - $3.35M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $2,495,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,525,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,515,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $3,300,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.022
    Latitude
    39.7634
    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
    $14,990
    $60,350
    $133,110
    $193,460
    -
    $955,700
    $1,986,700
    $2,942,400

    Comparable in this City

    • Value Estimation
      $3,165,000
      17,329 SF

      3289 Grv St

      HOMES (RETIRED, NURSING)
      3289 Grv St, Denver, CO 80211-3286
      View Details
    • Value Estimation
      $5,375,000
      36,363 SF

      3777 26th Ave

      HOMES (RETIRED, NURSING)
      3777 26th Ave, Denver, CO 80211-4003
      View Details
    • Value Estimation
      $1,130,000
      6,870 SF

      2829 33rd Ave

      HOMES (RETIRED, NURSING)
      2829 33rd Ave, Denver, CO 80211-3231
      View Details
    • Value Estimation
      $5,300,000
      32,827 SF

      2205 29th Ave

      HOMES (RETIRED, NURSING)
      2205 29th Ave, Denver, CO 80211-3803
      View Details
    • Value Estimation
      $2,605,000
      16,621 SF

      2875 33rd Ave

      HOMES (RETIRED, NURSING)
      2875 33rd Ave, Denver, CO 80211-3231
      View Details
    • Value Estimation
      $2,870,000
      15,997 SF

      4545 Navajo St

      MEDICAL BUILDING
      4545 Navajo St, Denver, CO 80211-2440
      View Details

    Similar Nearby for Sale

    • $1,365,000

      LoHi Mixed-Use Development Opportunity

      Fully leased mixed-use property in LoHi with development potential.
      3700 Osage St, Denver, CO 80211
      View Details
    • $650,000

      Denver Land with Flexible Zoning

      Land with I-MX-3 zoning near Fox Street Light Rail.
      4241 Jason St, Denver, CO 80211
      View Details
    • Contact for pricing

      Apartment Development Land For Sale

      Entitled 73-unit apartment development site in Denver's Jefferson Park.
      2055 Bryant St, Denver, CO 80211
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      LoHi Salon/Retail/Office Space

      2,162 SF space in sought-after LoHi neighborhood.
      2845 Wyandot St, Denver, CO 80211
      View Details
    • Contact for pricing
      856 SF

      Navajo Street Retail/Office Space

      Retail or office space in vibrant Highland neighborhood.
      1430 W 37Th Ave, Denver, CO 80211
      View Details
    • Contact for pricing

      Prime Denver Commercial Leasing Opportunity

      Exceptional commercial space for lease in Denver, Colorado.
      2949 Federal Blvd, Denver, CO 80211
      View Details
    • Contact for pricing
      639 SF

      Denver Office Space For Lease

      Office space available for lease in Denver, Colorado.
      2150 W 29Th Ave, Denver, CO 80211
      View Details
    • Contact for pricing
      1,965 SF

      Navajo Street Retail/Office Space

      Retail or office space in Denver's Highland Neighborhood.
      3651-3659 Navajo St, Denver, CO 80211
      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.
    2801 33rd Ave
    Denver, CO 80211-3231
    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

    Thank You for Inquiry
    2801 33rd Ave, Denver, CO, 80211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!