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    2986 Speer Blvd Denver, CO 80211-4253
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    Property profile & analytics

    2986 Speer Blvd, Denver, CO 80211-4253

    View on Map
    • Strip malls
    • 14,086 SF
    • 1.29 lot acres
    Off-Market
    Last Sale May 28, 2025
    Property ID
    US13-0984502
    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
    $2,815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chase Bank / Bank / Loan Service
    • Chase ATM / Atm
    • AutoZone Auto Parts / Auto Parts Store
    • Chase Mortgage / Loan Service / Bank
    • Amazon Locker - Galleon / Postal Service / Courier Service

    Property Details for 2986 Speer Blvd

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.29 lot acres
    Zone code
    B-4
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02294-11-017-000
    APU
    229411017000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 28, 2025 — Autozone Parts LLC Ab Re Holdings LLC Deed —
    Dec 23, 2021 $7,405,100 Ab Re Holdings LLC Lohi Plaza LLC Special Warranty Deed $4.8M · Wells Fargo Bank NA
    Nov 22, 2016 — Lohi Plaza LLC — Deed · related $4.1M · Bellco Cu
    Jun 13, 2014 $5,913,300 Lohi Plaza LLC Marvis Partners LLC Warranty Deed $4.3M · Bellco Cu
    Dec 23, 2005 — Marvis Partners LLC Federal Shops LLC Trustees Deed $3.3M · California Bank & Trust
    Apr 26, 2005 — Federal Shops LLC — Trustees Deed · related $3.9M · Guaranty Bank
    Jul 2, 2004 — Eckerd Corp Centres Speer LLC Grant Deed · related —
    Mar 12, 2004 — Helen M Hickisch Sweeney,kathleen A Quit Claim Deed · related —
    Feb 11, 1999 — Anne Mohrman Estate Sweeney,margaret Quit Claim Deed · related —
    — — Marvis Partners LLC — Deed Of Trust · related $4M · Wachovia Bank NA
    — — Lohi Plaza LLC — Deed Of Trust · related $4.1M · Bellco Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,445,000
      6.5%
      $3,180,000
      7%
      $2,950,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,570,000
      Current use
      COMMERCIAL (GENERAL)
      $4,560,000
      Change: -0% Conversion: Easy
      MEDICAL BUILDING
      $4,275,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.024
    Latitude
    39.7604
    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
    $153,319
    $1,326,700
    $651,970
    $1,978,670
    -
    $4,785,200
    $2,336,800
    $7,122,000

    Comparable in this City

    • Value Estimation
      $9,020,000
      77,371 SF

      3257 Lowell Blvd

      SHOPPING CENTER, STRIP CENTER
      3257 Lowell Blvd, Denver, CO 80211-3151
      View Details
    • Value Estimation
      $2,390,000
      14,981 SF

      2440 44th Ave

      SHOPPING CENTER, STRIP CENTER
      2440 44th Ave, Denver, CO 80211-1508
      View Details
    • Value Estimation
      $3,015,000
      27,774 SF

      3785 Federal Blvd

      SHOPPING CENTER, STRIP CENTER
      3785 Federal Blvd, Denver, CO 80211-2857
      View Details
    • Value Estimation
      $1,955,000
      13,593 SF

      1329 38th Ave

      SHOPPING CENTER, STRIP CENTER
      1329 38th Ave, Denver, CO 80211-2614
      View Details
    • Value Estimation
      $960,000
      3,288 SF

      4357 Lowell Blvd

      SHOPPING CENTER, STRIP CENTER
      4357 Lowell Blvd, Denver, CO 80211-1654
      View Details
    • Value Estimation
      $21,785,000
      194,081 SF

      2525 18th St

      SHOPPING CENTER, STRIP CENTER
      2525 18th St, Denver, CO 80211-4094
      View Details

    Similar Nearby for Sale

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      Retail center with high occupancy and ample parking.
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      1,906 SF

      Turn-Key Tattoo Shop For Sale

      Turn-key tattoo shop with flexible zoning and redevelopment potential.
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      4,351 SF

      LoHi Mixed-Use Redevelopment Opportunity

      Prime corner lot in LoHi with redevelopment potential.
      3700 Navajo St, Denver, CO 80211
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    • $1,095,000

      Lo-Hi Salon Opportunity

      Multi-generation salon in Denver's vibrant Lo-Hi neighborhood.
      2845 Wyandot St, Denver, CO 80211
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    • $1,100,000
      1,233 SF

      Renovated Retail Building in Highlands

      Standalone retail building in Highlands/Sunnyside with expansion potential.
      4023 Zuni St, Denver, CO 80211
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,250 square feet.
      3340 Mariposa St, Denver, CO 80211
      View Details
    • Contact for pricing

      Retail Space on Lowell Boulevard

      Retail space available for lease on 44th and Lowell.
      4357 Lowell Blvd, Denver, CO 80211
      View Details
    • $26 SF/Yr

      Retail Unit Available for Lease

      981 SF retail unit available for immediate lease.
      1777 W 38Th Ave, Denver, CO 80211
      View Details
    • $18 SF/Yr

      Corner Unit on Zuni Street

      Corner unit available for lease on 29th and Zuni.
      2904 Zuni St, Denver, CO 80211
      View Details
    • Contact for pricing
      18,239 SF

      LoHi Mixed-Use Retail Space

      Class A retail space for lease in Denver's LoHi neighborhood.
      3372-3378 W 38Th Ave, Denver, CO 80211
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space with High Ceilings

      1,300 SF retail space with excellent walkability and amenities.
      3268 W 32Nd Ave, Denver, CO 80211
      View Details

    Property Visit Statistics

    • Visits by month
      10.5k
    • Visitors by month
      7.0k
    • Avg Time on site
      29 min
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    Denver, CO 80211-4253
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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.

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