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

    301 60Th Pl Denver, CO 80216

    • Distribution centers
    • 69,096 SF
    • 8.86 lot acres
    For Lease
    View listing
    Last Sale
    Jan 04, 2022
    $13,000,000
    Value Estimations
    $11,120,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1407612
    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

    • Winslow Crane Service Co. / Crane Service

    Property Details for 301 60Th Pl

    Year built
    1984
    Lot size
    8.86 lot acres
    Property size
    69,096 SF
    Property type
    Distribution centers
    APN
    R0181461
    APU
    R0181461

    Description

    This exceptional 69,096-square-foot warehouse in Denver, Colorado, presents a significant opportunity. Situated on an 8.86-acre lot in Adams County, this property offers multiple tenancy options, with a minimum divisible space of 20,000 square feet and up to the entire 69,096 square feet available. The building features 11 drive-in doors, substantial power (2,000 amps/480v/3p), and is fully fenced, surfaced, and gated, providing secure and efficient operations. Zoned I-3 Adams County, it's ideally suited for heavy industrial uses. The property boasts over 300 feet of frontage on Broadway, offering excellent visibility and accessibility. Its strategic location provides easy access to major interstates I-25, I-76, and I-70, placing it within a 15-mile radius of a workforce exceeding 2 million people. The property also benefits from its location within an Enterprise Zone and proximity to various retail amenities. Approximately 5.5 usable acres of storage yard space complement the warehouse building. Property taxes are $2.93 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,835,000
      ML approach
      $9,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,900,000
      6.5%
      $10,985,000
      7%
      $10,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,831,000
      Market price range: $7.93M - $16.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,485,000
      Current use
      OFFICE BUILDING
      $17,680,000
      Change: +54% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $16,755,000
      Change: +46% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -104.99
    Latitude
    39.8069
    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
    $240,444
    $968,670
    $1,277,840
    $2,246,510
    -
    $3,471,930
    $4,580,070
    $8,052,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $5,515,000
      40,420 SF

      1200 58th Ave

      DISTRIBUTION WAREHOUSE • 40,420 SF
      1200 58th Ave, Denver, CO 80216-1510
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    • Value Estimation
      $9,800,000
      128,000 SF

      550 53rd Pl

      DISTRIBUTION WAREHOUSE • 128,000 SF
      550 53rd Pl, Denver, CO 80216-1612
      View Details
    • Value Estimation
      $6,860,000
      87,200 SF

      5952 Broadway

      DISTRIBUTION WAREHOUSE • 87,200 SF
      5952 Broadway, Denver, CO 80216-1027
      View Details
    • Value Estimation
      $6,095,000
      30,000 SF

      5635 Franklin St

      DISTRIBUTION WAREHOUSE • 30,000 SF
      5635 Franklin St, Denver, CO 80216-1514
      View Details
    • Value Estimation
      $1,830,000
      18,000 SF

      5720 Washington St

      DISTRIBUTION WAREHOUSE • 18,000 SF
      5720 Washington St, Denver, CO 80216-1322
      View Details

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    • $4,500,000
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      Denver Warehouse with Fenced Yard

      29,255 SF warehouse with central access and flexible loading.
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    Similar Nearby for Lease

    • $7 SF/Yr
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    • $8 SF/Yr
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    • Contact for pricing
      69,096 SF

      Denver Warehouse: 69,096 SF

      Large industrial warehouse, Denver, CO.
      301 60Th Pl, Denver, CO 80216
      View Details
    • $11 SF/Yr
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      Denver Industrial Space for Lease

      Flex, Warehouse, Manufacturing Space Available
      4321 Broadway, Denver, CO 80216
      View Details
    • $10 SF/Yr
      48,902 SF

      Denver Industrial Warehouse Space

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    • $156 SF/Yr
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      Modern Denver warehouse, fully vacant, ready for immediate occupancy.
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      View Details
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    301 60Th Pl
    Denver, CO 80216
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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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