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    Property profile & analytics

    2904 Zuni St Denver, CO 80211

    • Strip malls
    • 13,730 SF
    • 0.50 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $415,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2839099
    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

    • Uptown 6 Productions / Video Production Service / Movie Studio
    • Gallup Development / Land Surveyor

    Property Details for 2904 Zuni St

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    13,730 SF
    Zone code
    G-MS-3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02283-21-004-000
    APU
    228321004000

    Description

    This exceptional Denver County property, located at 2904 Zuni St, offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The building totals 3,576 square feet and sits on a generous 28,750 square foot lot, zoned B4. Currently, the entire 3,576 square feet is vacant and available for immediate occupancy. The property is multi-tenant, allowing for flexibility in lease terms and space utilization. Individual suites range from a minimum of 1,718 square feet to a maximum contiguous space of 1,858 square feet, providing options for businesses of varying sizes. Ample surface parking is provided with 13 spaces (a ratio of 0.40 spaces per 1,000 square feet). This versatile property presents a rare opportunity to acquire a well-located, functional space in the thriving Denver market. The property's combination of office and warehouse space makes it suitable for businesses requiring both administrative and storage capabilities. Its location in Denver County, Colorado, with a zip code of 80211, offers easy access to major transportation routes and a vibrant business community. The property is being offered for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $493,000
      Market price range: $106k - $624k

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.015
    Latitude
    39.7587
    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
    $94,709
    $778,350
    $443,920
    $1,222,270
    -
    $2,819,800
    $1,591,100
    $4,410,900

    Comparable in this City

    • Value Estimation
      $600,000
      77,371 SF

      3257 Lowell Blvd

      SHOPPING CENTER, STRIP CENTER • 77,371 SF
      3257 Lowell Blvd, Denver, CO 80211-3151
      View Details
    • Value Estimation
      $470,000
      14,981 SF

      2440 44th Ave

      SHOPPING CENTER, STRIP CENTER • 14,981 SF
      2440 44th Ave, Denver, CO 80211-1508
      View Details
    • Value Estimation
      $320,000
      3,288 SF

      4357 Lowell Blvd

      SHOPPING CENTER, STRIP CENTER • 3,288 SF
      4357 Lowell Blvd, Denver, CO 80211-1654
      View Details
    • Value Estimation
      $560,000
      27,774 SF

      3785 Federal Blvd

      SHOPPING CENTER, STRIP CENTER • 27,774 SF
      3785 Federal Blvd, Denver, CO 80211-2857
      View Details
    • Value Estimation
      $415,000
      13,593 SF

      1329 38th Ave

      SHOPPING CENTER, STRIP CENTER • 13,593 SF
      1329 38th Ave, Denver, CO 80211-2614
      View Details
    • Value Estimation by Request
      79,754 SF

      1661 Central St

      SHOPPING CENTER, STRIP CENTER • 79,754 SF
      1661 Central St, Denver, CO 80211-3956
      View Details

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      Standalone retail building in Highlands/Sunnyside with expansion potential.
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    Similar Nearby for Lease

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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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    • Contact for pricing
      5,272 SF

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      5,272 SF stand-alone retail building with drive-thru for lease.
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      Lowell Blvd Creative Office Space

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      View Details
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    Denver, CO 80211
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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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