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    Property profile & analytics

    3188 Alameda Ave Denver, CO 80219

    • Retail space
    • 3,780 SF
    • 0.11 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1046366
    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

    • Retail space

    Property Details for 3188 Alameda Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    3,780 SF
    Zone code
    E-MX-3
    Property type
    Retail space
    APN
    05172-03-024-000
    APU
    517203024000

    Description

    This exceptional 5,619-square-foot warehouse, located at 3188 W Alameda Ave in Denver, Colorado, 80219, presents a unique opportunity for businesses seeking a versatile industrial space. Currently configured as a single-tenant property, the building offers 3,780 square feet of readily available vacant space, ideal for immediate occupancy. The property is zoned E-MX-3, allowing for a range of industrial and potentially office uses, subject to city approvals. The building's total area encompasses 5,619 square feet, providing ample room for operations, storage, or a combination thereof. The property is situated in Denver, Colorado, offering convenient access to major transportation routes and a thriving business community. The asking rent is $4,000 per month. This property is available for sale or lease, making it a flexible option for various business needs and investment strategies. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the suitability of this property for their specific requirements. The property's prime location and versatile zoning make it an attractive proposition for a wide range of potential tenants or buyers. The substantial vacant space allows for immediate customization and adaptation to suit individual business needs. This presents a rare opportunity to secure a well-located industrial property in a dynamic Denver market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $357,000
      Market price range: $269k - $662k

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.028
    Latitude
    39.7109
    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
    $13,929
    $39,000
    $140,760
    $179,760
    -
    $169,800
    $504,500
    $674,300

    Comparable in this City

    • Value Estimation
      $925,000
      451 SF

      1089 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 451 SF
      1089 Federal Blvd, Denver, CO 80219-4101
      View Details
    • Value Estimation
      $405,000
      6,000 SF

      110 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      110 Federal Blvd, Denver, CO 80219-1553
      View Details
    • Value Estimation
      $305,000
      0.27 Acres

      5185 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.27 Acres
      5185 1st Ave, Denver, CO 80219-1006
      View Details
    • Value Estimation
      $255,000
      1.70 Acres

      3738 Morrison Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.70 Acres
      3738 Morrison Rd, Denver, CO 80219-2620
      View Details
    • Value Estimation
      $330,000
      2,220 SF

      5 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      5 Federal Blvd, Denver, CO 80219-1509
      View Details
    • Value Estimation
      $1,210,000
      3,720 SF

      7 Federal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,720 SF
      7 Federal Blvd, Denver, CO 80219-2049
      View Details

    Similar Nearby for Sale

    • $1,200,000
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      Retail Opportunity on Morrison Road

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

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    • $850,000
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      Versatile space in redeveloping area with flexible zoning.
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    • $900,000
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      5,858 SF office space with storage and high exposure.
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    • $975,000

      Retail Duplex with Loft Office

      Flexible retail duplex with loft office in prime location.
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    • $900,000
      5,850 SF

      Federal Blvd Retail/Office Opportunity

      Denver, CO: Prime location, high visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      7,800 SF

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      Cherry Creek North Retail Space

      Retail space in Denver's premier retail destination.
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    • $14 SF/Yr
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      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
      1,150 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
    • $318 /Mo
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      Denver Office Suite - Federal Blvd.

      Prime Denver Office: 1176 sq ft, move-in ready.
      633 Federal Blvd, Denver, CO 80219
      View Details
    • Contact for pricing
      12,911 SF

      Retail Space on Federal Blvd

      Retail space with high visibility and foot traffic.
      1320-1340 S Federal Blvd, Denver, CO 80219
      View Details
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    Denver, CO 80219
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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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