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

    3200 40th Ave Denver, CO 80205-3771

    • Bars & Pubs
    • 1,512 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0272992
    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

    • Mr A's / Bar & Pub

    Property Details for 3200 40th Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    1,512 SF
    Zone code
    E-CC-3X
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    02244-25-001-000
    APU
    224425001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.95
    Latitude
    39.7727
    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
    $7,687
    $98,930
    $280
    $99,210
    -
    $384,600
    $1,000
    $385,600

    Comparable in this City

    • Value Estimation by Request
      2,350 SF

      2057 Larimer St

      BAR, TAVERN • 2,350 SF
      2057 Larimer St, Denver, CO 80205-2014
      View Details
    • Value Estimation by Request
      3,036 SF

      2041 Larimer St

      BAR, TAVERN • 3,036 SF
      2041 Larimer St, Denver, CO 80205-2014
      View Details
    • Value Estimation
      $6,070,000
      18,157 SF

      3025 Walnut St

      BAR, TAVERN • 18,157 SF
      3025 Walnut St, Denver, CO 80205
      View Details
    • Value Estimation
      $525,000
      4,626 SF

      2980 Larimer St

      BAR, TAVERN • 4,626 SF
      2980 Larimer St, Denver, CO 80205
      View Details
    • Value Estimation by Request
      1,908 SF

      2052 Stout St

      BAR, TAVERN • 1,908 SF
      2052 Stout St, Denver, CO 80205-2826
      View Details
    • Value Estimation by Request
      2,399 SF

      725 26th Ave

      BAR, TAVERN • 2,399 SF
      725 26th Ave, Denver, CO 80205-3119
      View Details

    Similar Nearby for Sale

    • $6,667,000
      10,766 SF

      Federales RiNo Denver Restaurant

      Prime Denver Restaurant, NNN Lease
      2901 Larimer St, Denver, CO 80205
      View Details
    • $1,575,000
      7,816 SF

      Ballpark Mixed-Use Building For Sale

      Mixed-use building with restaurant and retail in Ballpark.
      2100-2102 Curtis St, Denver, CO 80205
      View Details
    • Contact for pricing
      6,514 SF

      RiNo Retail/Restaurant Opportunity

      Prime corner location with parking and customization potential in Denver.
      2400-2401 Larimer St, Denver, CO 80205
      View Details
    • $3,900,000
      3,251 SF

      River North Freestanding Building

      Prime corner lot in vibrant River North neighborhood.
      3158 Larimer St, Denver, CO 80205
      View Details
    • Contact for pricing
      4,750 SF

      RiNo Retail/Restaurant Opportunity

      Prime retail and restaurant space in vibrant RiNo neighborhood.
      3150 Walnut St, Denver, CO 80205
      View Details
    • $5,500,000

      Former Restaurant & Brewery Opportunity

      Stand-alone former restaurant and brewery on 0.85-acre infill site.
      2403 Champa St, Denver, CO 80205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,944 SF

      RiNo Retail Space For Lease

      Retail space available in Denver's RiNo neighborhood.
      1350 40Th St, Denver, CO 80205
      View Details
    • Contact for pricing
      490 SF

      Restaurant Ready Space on Larimer

      Restaurant-ready space in the heart of Larimer Street.
      3354 Larimer St, Denver, CO 80205
      View Details
    • Contact for pricing
      64,371 SF

      Denver Retail Space: York Street Yards

      Prime Denver retail space, multiple units available.
      3869 Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      3,000 SF

      RiNo Entrance Retail Opportunity

      Retail space in RiNo, near light rail station.
      3720 N Downing St, Denver, CO 80205
      View Details
    • Contact for pricing
      5,174 SF

      Retail Spaces with Restaurant Infrastructure

      Retail spaces for lease with restaurant infrastructure, 2,407-33,343 SF.
      3833 Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      3,659 SF

      Retail Spaces with Restaurant Infrastructure

      Retail spaces for lease with restaurant infrastructure, ranging from 2,407-33,343 SF.
      3863 Steele St, Denver, CO 80205
      View Details
    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.
    3200 40th Ave
    Denver, CO 80205-3771
    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!