Sign Up Successful!
You now have access to more from Realmo!
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

    2897 Belleview Ave Littleton, CO 80123-8937

    • Strip malls
    • 6,396 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Aug 21, 2023
    $3,050,000
    Value Estimations
    $2,670,000
    Show details
    Cap Rate Potential
    3.5%
    Strip malls
    Location Intelligence
    Property ID
    US13-0881350
    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

    • Subway / Sandwich Shop / Caterer
    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop
    • Buzz Smoke & Vape / Vaporizer Store

    Property Details for 2897 Belleview Ave

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    6,396 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    2077-08-4-08-001
    APU
    207708408001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,147,000
      Market price range: $1.27M - $3.73M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,215,000
      Current use
      COMMERCIAL (GENERAL)
      $4,435,000
      Change: +100% Conversion: Easy
      RESTAURANT
      $3,620,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,450,000
      Change: +56% Conversion: Difficult
      MEDICAL BUILDING
      $1,900,000
      Change: -14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,860,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.023
    Latitude
    39.6244
    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
    2021
    $28,463
    $0.00
    $0.00
    $277,885
    -
    $562,500
    $463,500
    $1,026,000

    Comparable in this City

    • Value Estimation
      $805,000
      39,932 SF

      7735 Long Dr

      SHOPPING CENTER, STRIP CENTER • 39,932 SF
      7735 Long Dr, Littleton, CO 80123-1266
      View Details
    • Value Estimation
      $1,030,000
      27,035 SF

      8136 Bowles Ave

      SHOPPING CENTER, STRIP CENTER • 27,035 SF
      8136 Bowles Ave, Littleton, CO 80123-3050
      View Details
    • Value Estimation
      $3,730,000
      2,300 SF

      2817 Belleview Ave

      SHOPPING CENTER, STRIP CENTER • 2,300 SF
      2817 Belleview Ave, Littleton, CO 80123-2954
      View Details
    • Value Estimation
      $690,000
      23,759 SF

      8086 Bowles Ave, Unit G1

      SHOPPING CENTER, STRIP CENTER • 23,759 SF
      8086 Bowles Ave, Littleton, CO 80123-3085
      View Details
    • Value Estimation
      $470,000
      18,456 SF

      8695 Berry Ave

      SHOPPING CENTER, STRIP CENTER • 18,456 SF
      8695 Berry Ave, Denver, CO 80123-0708
      View Details
    • Value Estimation
      $720,000
      76,408 SF

      8100 Crestline Ave, Unit B

      SHOPPING CENTER, STRIP CENTER • 76,408 SF
      8100 Crestline Ave, Denver, CO 80123-1284
      View Details

    Similar Nearby for Sale

    • $5,500,000
      70,494 SF

      Former Department Store in Littleton

      172,773 SF space in Southwest Plaza for sale.
      8501 W Bowles Ave, Littleton, CO 80123
      View Details
    • $50,000

      Established Hair Salon Asset Sale

      Thriving hair salon with loyal clientele and excellent reputation.
      5190 S Lowell Blvd, Littleton, CO 80123
      View Details
    • $5,700,000
      31,858 SF

      Littleton Redevelopment Opportunity

      31,858 SF Specialty Building in Littleton, Colorado for sale.
      9700 Old Coal Mine Ave, Littleton, CO 80123
      View Details
    • $340,000
      974 SF

      Miralago Condo with Lake Views

      Top-level condo with lake and mountain views, garage, and parking.
      4760 S Wadsworth Blvd, Littleton, CO 80123
      View Details
    • $388,000
      2,256 SF

      Updated Littleton Townhome with Greenbelt

      Updated townhome in Littleton with 4 bedrooms, 4 bathrooms, and greenbelt.
      5719 S Lowell Blvd, Littleton, CO 80123
      View Details
    • $800,000

      Land For Sale Littleton, CO

      Land available for purchase in Littleton, Colorado.
      13874 W Bowles Pl, Littleton, CO 80123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,428 SF

      Belleview Ave Retail Space

      Littleton, CO Neighborhood Center
      2737 Belleview Ave, Littleton, CO 80123
      View Details
    • Contact for pricing
      43,539 SF

      Columbine Valley Retail Center

      Littleton, CO Retail Space Available
      5950 Platte Canyon Rd, Littleton, CO 80123
      View Details
    • Contact for pricing
      100,000 SF

      Lakewood Retail Center Investment

      High-traffic retail space available
      0 Nwc Of Wadsworth Blvd & Belleview Ave, Lakewood, CO 80123
      View Details
    • Contact for pricing
      2,296 SF

      Littleton Retail Spaces For Lease

      Retail spaces available in Littleton near Santa Fe Drive.
      2630 W Belleview Ave, Littleton, CO 80123
      View Details
    • Contact for pricing
      1,988 SF

      Littleton Retail Space Available

      1,988 SF retail space in shadow-anchored center.
      2755 West Belleview Ave, Littleton, CO 80123
      View Details
    • Contact for pricing
      7,100 SF

      Retail Space Near Southwest Plaza

      Retail space available in high-traffic Littleton location.
      8500 W Crestline Ave, Littleton, CO 80123
      View Details

    Property Visit Statistics

    • Visits by month
      22.6k
    • Visitors by month
      17.5k
    • Avg Time on site
      5 min
    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.
    2897 Belleview Ave
    Littleton, CO 80123-8937
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.