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

    3515 Ringsby Ct Denver, CO 80216-5237

    • High-rise multifamily apartments
    • 49,962 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $12,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2352767
    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

    • Freight Residences / Apartment Building / Apartment Complex
    • iVX Technologies / Tech Support Center
    • Ellis Audio Video / IT Consulting Firm / Tech Support Center

    Property Details for 3515 Ringsby Ct

    Year built
    2014
    Construction
    WOOD
    Lot size
    1.08 lot acres
    Property size
    49,962 SF
    Zone code
    C-MX-12
    Property type
    High-rise multifamily apartments
    APN
    02224-00-118-000
    APU
    222400118000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,645,000
      6.5%
      $11,670,000
      7%
      $10,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,503,000
      Market price range: $7.03M - $16.5M
      AI Estimate
      $9,027,000
      Market price range: $4.46M - $9.44M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $12,115,000
      Current use
      RESTAURANT
      $20,435,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $20,010,000
      Change: +65% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $16,215,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $16,070,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $15,170,000
      Change: +25% Conversion: Moderate
      OFFICE BUILDING
      $12,785,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.981
    Latitude
    39.7741
    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
    $102,275
    $280,780
    $974,340
    $1,255,120
    -
    $4,245,800
    $14,542,400
    $18,788,200

    Comparable in this City

    • Value Estimation by Request
      290,533 SF

      3063 Brighton Blvd

      HIGH-RISE APARTMENTS • 290,533 SF
      3063 Brighton Blvd, Denver, CO 80216-5032
      View Details
    • Value Estimation
      $17,300,000
      69,508 SF

      5125 Lincoln St

      HIGH-RISE APARTMENTS • 69,508 SF
      5125 Lincoln St, Denver, CO 80216
      View Details
    • Value Estimation
      $24,050,000
      311,609 SF

      2520 Wewatta Way

      HIGH-RISE APARTMENTS • 311,609 SF
      2520 Wewatta Way, Denver, CO 80216-3713
      View Details
    • Value Estimation
      $6,450,000
      28,264 SF

      4705 High St

      HIGH-RISE APARTMENTS • 28,264 SF
      4705 High St, Denver, CO 80216-2212
      View Details
    • Value Estimation by Request
      2.93 Acres

      3201 Brighton Blvd

      HIGH-RISE APARTMENTS • 2.93 Acres
      3201 Brighton Blvd, Denver, CO 80216-3667
      View Details
    • Value Estimation by Request
      2.36 Acres

      4290 Brighton Blvd

      HIGH-RISE APARTMENTS • 2.36 Acres
      4290 Brighton Blvd, Denver, CO 80216-3883
      View Details

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    Similar Nearby for Lease

    • $28 SF/Yr
      37,731 SF

      RiNo Creative Office Space Denver

      Award-winning, LEED-certified office suites.
      3459 Ringsby Ct, Denver, CO 80216
      View Details
    • $14 SF/Yr
      19,869 SF

      Denver Showroom - 57th Ave.

      High-traffic retail showroom space available.
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      View Details
    • $9 SF/Yr
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      I-70/270 Business Center Spaces

      Denver Industrial Warehouse Space
      6660-6722 47Th Avenue Dr, Denver, CO 80216
      View Details
    • $9 SF/Yr
      115,611 SF

      Denver Industrial Flex Space

      115,611 SF Flex Space Available
      4800 Washington St, Denver, CO 80216
      View Details
    • Contact for pricing
      384,442 SF

      Denver Industrial Warehouse Space For Lease

      Modern warehouse, flexible space, Denver location.
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    • $156 SF/Yr
      6,490 SF

      Denver Warehouse: 6,490 SF Flex Space

      Modern Denver warehouse, fully vacant, ready for immediate occupancy.
      4160 Fox St, Denver, CO 80216
      View Details
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    3515 Ringsby Ct
    Denver, CO 80216-5237
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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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