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    3390 32Nd Ave Denver, CO 80211

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    3390 32Nd Ave Denver, CO 80211

    View on Map
    • Bars & Pubs
    • 6,615 SF
    • 0.18 lot acres
    For Lease
    $32 SF/Yr
    View Listing →
    Highlands Retail Space For Lease For Lease
    $32 SF/Yr
    1,218 SF

    Highlands Retail Space For Lease

    Retail storefront in vibrant urban corridor with high visibility.

    3390 32nd Ave, Denver, CO
    View Listing
    Property ID
    US13-0271955
    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
    $540,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CorePower Yoga - The Highlands / Gym & Fitness Center
    • Three Dogs Tavern / Restaurant
    • Vida Salon - Highlands / Hair Salon / Nail Salon
    • Fast Acting Valet Srv. / (Bike/Boat/Book/etc) Store

    Property Details for 3390 32Nd Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    6,615 SF
    Zone code
    U-MS-3
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    02293-03-001-000
    APU
    229303001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $365k - $1.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.032
    Latitude
    39.7619
    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
    $47,163
    $156,410
    $452,260
    $608,670
    -
    $590,600
    $1,621,000
    $2,211,600

    Comparable in this City

    • Value Estimation
      $1,390,000
      1,675 SF

      3360 Navajo St

      BAR, TAVERN • 1,675 SF
      3360 Navajo St, Denver, CO 80211-3531
      View Details
    • Value Estimation by Request
      5,058 SF

      3900 Pecos St

      BAR, TAVERN • 5,058 SF
      3900 Pecos St, Denver, CO 80211-2659
      View Details
    • Value Estimation by Request
      3,320 SF

      3845 Lipan St

      BAR, TAVERN • 3,320 SF
      3845 Lipan St, Denver, CO 80211-2651
      View Details
    • Value Estimation by Request
      3,282 SF

      2826 Umatilla St

      BAR, TAVERN • 3,282 SF
      2826 Umatilla St, Denver, CO 80211
      View Details
    • Value Estimation
      $645,000
      7,117 SF

      2540 19th St

      BAR, TAVERN • 7,117 SF
      2540 19th St, Denver, CO 80211-3910
      View Details
    • Value Estimation by Request
      1,707 SF

      1950 32nd Ave

      BAR, TAVERN • 1,707 SF
      1950 32nd Ave, Denver, CO 80211-3404
      View Details

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    • $1,100,000
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      Renovated Retail Building in Highlands

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    Similar Nearby for Lease

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      1,300 SF

      Retail Space with High Ceilings

      1,300 SF retail space with excellent walkability and amenities.
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      View Details
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      Retail Building with Drive-Thru

      5,272 SF stand-alone retail building with drive-thru for lease.
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      Restaurant Space in West Highlands

      Fully built-out restaurant space in a desirable Denver location.
      3496 W 32Nd Ave, Denver, CO 80211
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      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,250 square feet.
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      Retail Space on Lowell Boulevard

      Retail space available for lease on 44th and Lowell.
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    • $26 SF/Yr

      Retail Unit Available for Lease

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      View Details
    View Listing
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    3390 32Nd Ave
    Denver, CO 80211
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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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