Add Listing
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

    2949 Alameda Ave Denver, CO 80219-2903

    • Retail space
    • 3,303 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2832610
    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

    • Lluvia De Peces Comida Hondureña, mexicana, y venezolana / Restaurant
    • Frost Exotic Cannabis Denver Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 2949 Alameda Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    3,303 SF
    Zone code
    E-MX-3
    Property type
    Retail space
    APN
    05085-23-039-000
    APU
    508523039000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $740,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $578,000
      Market price range: $235k - $578k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $795,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,070,000
      Change: +35% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,070,000
      Change: +35% Conversion: Easy
      MEDICAL BUILDING
      $1,005,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $845,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.025
    Latitude
    39.7114
    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
    $24,742
    $88,190
    $231,120
    $319,310
    -
    $346,100
    $828,400
    $1,174,500

    Comparable in this City

    • Value Estimation by Request
      2,655 SF

      82 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,655 SF
      82 Federal Blvd, Denver, CO 80219-2044
      View Details
    • Value Estimation
      $665,000
      2,465 SF

      950 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,465 SF
      950 Federal Blvd, Denver, CO 80219-3511
      View Details
    • Value Estimation
      $565,000
      3,780 SF

      3188 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,780 SF
      3188 Alameda Ave, Denver, CO 80219-2042
      View Details
    • Value Estimation
      $600,000
      2,847 SF

      3000 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,847 SF
      3000 Alameda Ave, Denver, CO 80219-2002
      View Details
    • Value Estimation
      $875,000
      6,655 SF

      3258 Alameda Ave, Unit 3270

      RETAIL STORES (PERSONAL SERVICES) • 6,655 SF
      3258 Alameda Ave, Denver, CO 80219-2006
      View Details
    • Value Estimation by Request
      0.46 Acres

      315 Clay St

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
      315 Clay St, Denver, CO 80219-3032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,745 SF

      Denver Retail/Office Opportunity

      Versatile space in redeveloping area with flexible zoning.
      4000 Morrison Rd, Denver, CO 80219
      View Details
    • $1,200,000

      Retail Opportunity on Morrison Road

      5,060 SF retail space with good visibility.
      3830 Morrison Rd, Denver, CO 80219
      View Details
    • Contact for pricing
      Pending

      Federal Boulevard Retail Opportunity

      Retail space on Federal Blvd with flexible zoning.
      950 S Federal Blvd, Denver, CO 80219
      View Details
    • $1,727,693
      9,239 SF

      Upgraded Retail Space with Features

      Fully upgraded retail space with modern amenities and outdoor area.
      3181 W Alameda Ave, Denver, CO 80219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Barnum Neighborhood

      Retail space ideal for various businesses in up-and-coming Denver neighborhood.
      100 Knox Ct, Denver, CO 80219
      View Details
    • Contact for pricing
      2,277 SF

      Modern Retail Space Available

      Retail space with modern design, flexible floor plans, ample parking.
      877 Federal Blvd, Denver, CO 80219
      View Details
    • Contact for pricing

      Cherry Creek North Retail Space

      Retail space in Denver's premier retail destination.
      2780 E 2Nd Ave, Denver, CO 80219
      View Details
    • Contact for pricing
      7,800 SF

      Retail Space Near Whole Foods

      New retail space available in Central Park, Denver.
      3999 W Center Ave, Denver, CO 80219
      View Details
    • $1,900 /Mo

      Renovated Retail/Office Space Available

      Move-in ready space with parking, signage, and flexible zoning.
      809 S Federal Blvd, Denver, CO 80219
      View Details
    • $20 SF/Yr
      2,484 SF

      Evans Avenue Commercial Space Available

      High-visibility commercial space with parking on Evans Avenue.
      2415 W Evans Ave, Denver, CO 80219
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      1.4k
    • Avg Time on site
      16 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.
    2949 Alameda Ave
    Denver, CO 80219-2903
    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!