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

    2839 44th Ave Denver, CO 80211-1428

    • Office buildings
    • 4,800 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 23, 2023
    $1,525,000
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    5.3%
    Office buildings
    Location Intelligence
    Property ID
    US13-0589579
    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

    • STUDIO VETIVER / Permanent Make-Up Clinic
    • Wunder Werkz / Design Agency
    • Karilyn May Permanent Makeup / Permanent Make-Up Clinic

    Property Details for 2839 44th Ave

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    4,800 SF
    Zone code
    U-MS-3
    Property type
    Office buildings
    APN
    02201-33-028-000
    APU
    220133028000

    Description

    This exceptional Sunnyside property offers 7,000 square feet of renovated office space in a mid-century building, perfectly blending classic charm with contemporary functionality. Built in 1952 and extensively renovated in 2023, this one-building, two-story property provides a unique opportunity for businesses seeking flexible space. The building features two suites, with a minimum divisible space of 250 square feet and a maximum contiguous space of 800 square feet, ideal for a variety of tenant needs. Currently, one space is available. The second floor boasts shared amenities including a kitchen and huddle room, enhancing collaboration and convenience. Key fob access ensures security. The property's classification as Traditional Office, Creative Office, and Warehouse reflects its adaptability to diverse business models. Located in the Sunnyside submarket, this property offers a blend of historical character and modern upgrades, making it an attractive option for businesses seeking a unique and functional workspace. No elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,410,000
      ML approach
      $1,470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,155,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,125,000
      Market price range: $697k - $1.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,230,000
      Current use
      AUTO REPAIR, GARAGE
      $1,925,000
      Change: +57% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,560,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,555,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $1,460,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.023
    Latitude
    39.7768
    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
    $27,246
    $250,680
    $123,510
    $374,190
    -
    $928,500
    $442,700
    $1,371,200

    Comparable in this City

    • Value Estimation
      $830,000
      44,181 SF

      4045 Pecos St

      OFFICE BUILDING • 44,181 SF
      4045 Pecos St, Denver, CO 80211-2555
      View Details
    • Value Estimation
      $485,000
      23,359 SF

      2000 Clay St

      OFFICE BUILDING • 23,359 SF
      2000 Clay St, Denver, CO 80211-5170
      View Details
    • Value Estimation
      $590,000
      18,000 SF

      2535 17th St

      OFFICE BUILDING • 18,000 SF
      2535 17th St, Denver, CO 80211-6416
      View Details
    • Value Estimation
      $435,000
      19,871 SF

      3553 Wyandot St

      OFFICE BUILDING • 19,871 SF
      3553 Wyandot St, Denver, CO 80211-2948
      View Details
    • Value Estimation
      $470,000
      6,731 SF

      4760 Shoshone St

      OFFICE BUILDING • 6,731 SF
      4760 Shoshone St, Denver, CO 80211-1260
      View Details
    • Value Estimation
      $310,000
      3,430 SF

      4047 Tejon St

      OFFICE BUILDING • 3,430 SF
      4047 Tejon St, Denver, CO 80211-2214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,430 SF

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      View Details
    • $576,000
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      Freestanding Building on Federal Blvd

      Freestanding office building with high visibility on Federal Blvd.
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      Denver Office Building For Sale

      Office building in up-and-coming neighborhood with easy highway access.
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    • $2,750,000
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      LoHi Creative Office/Retail Building

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      Turnkey Office Condo in Denver

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    Similar Nearby for Lease

    • $21 SF/Yr
      3,000 SF

      Denver Office Building For Rent

      Charming 3,000 SF office space in Denver's Sunnyside neighborhood.
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      View Details
    • $7 SF/Yr
      856 SF

      Navajo Street Retail/Office Space

      Retail or office space in vibrant Highland neighborhood.
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      View Details
    • $8 SF/Yr
      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
    • $28 SF/Yr
      1,694 SF

      Office Space with Kitchen

      Office space featuring a mix of open layout and offices.
      2460 W 26Th Ave, Denver, CO 80211
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    • $18 SF/Yr
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      Corner Unit on 29th & Zuni

      Corner unit with warehouse, office, and parking in desirable Highlands.
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    • $32 SF/Yr
      3,000 SF

      Lowell Blvd Creative Office Space

      Denver, CO - 3,000 sq ft Creative Office
      4272 Lowell Blvd, Denver, CO 80211
      View Details
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    2839 44th Ave
    Denver, CO 80211-1428
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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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