Sign Up Successful!
You now have access to more from Realmo!
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

    3535 S Platte River Dr Englewood, CO 80110

    • Showrooms
    • 53,007 SF
    • 6.45 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Nov 15, 2023
    $15,100,000
    Value Estimations
    $14,990,000
    Cap Rate Potential
    3.8%
    Showrooms
    Location Intelligence
    Property ID
    US13-1175630
    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

    • Triton Gardening / Landscaper
    • Rocky Mountain Sewing Event Center / Event Venue
    • Thomas Sattler Homes / Home Builder
    • Red Hawk Roofing - Englewood CO / Roofing Contractor
    • Colorado Viscount / Music Store

    Property Details for 3535 S Platte River Dr

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.45 lot acres
    Property size
    53,007 SF
    Property type
    Showrooms
    APN
    2077-04-2-01-001
    APU
    207704201001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,530,000
      6.5%
      $9,720,000
      7%
      $9,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,118,000
      Market price range: $576k - $19.0M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $24,905,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.011
    Latitude
    39.6528
    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
    2021
    $285,876
    $0.00
    $0.00
    $3,767,895
    -
    $2,107,215
    $11,427,785
    $13,535,000

    Comparable in this City

    • Value Estimation by Request
      1.42 Acres

      4300 Clay St

      SHOW ROOM, WAREHOUSE • 1.42 Acres
      4300 Clay St, Englewood, CO 80110-5213
      View Details
    • Value Estimation by Request
      0.35 Acres

      3260 Clay St

      SHOW ROOM, WAREHOUSE • 0.35 Acres
      3260 Clay St, Englewood, CO 80110
      View Details
    • Value Estimation by Request
      0.14 Acres

      1907 Iliff Ave

      SHOW ROOM, WAREHOUSE • 0.14 Acres
      1907 Iliff Ave, Englewood, CO 80110
      View Details
    • Value Estimation
      $15,195,000
      23,870 SF

      4211 Natches Ct

      SHOW ROOM, WAREHOUSE • 23,870 SF
      4211 Natches Ct, Englewood, CO 80110-8645
      View Details
    • Value Estimation
      $14,930,000
      23,457 SF

      2701 Oxford Ave

      SHOW ROOM, WAREHOUSE • 23,457 SF
      2701 Oxford Ave, Englewood, CO 80110-4359
      View Details
    • Value Estimation
      $15,040,000
      27,360 SF

      1950 Un Ave

      SHOW ROOM, WAREHOUSE • 27,360 SF
      1950 Un Ave, Englewood, CO 80110-8200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,900 SF

      South Santa Fe Retail Investment

      High-yield, stabilized storefront in Englewood, CO.
      4255 Santa Fe Dr, Englewood, CO 80110
      View Details
    • $1,500,000
      5,088 SF

      Retail Opportunity on W Quincy

      Retail opportunity with doggie daycare business included near Downtown Denver.
      1101 W Quincy Ave, Englewood, CO 80110
      View Details
    • $3,500,000
      4,900 SF

      Englewood Retail Investment Opportunity

      Stable retail investment property with long-term tenant and parking income.
      4255 S Santa Fe Dr, Englewood, CO 80110
      View Details
    • $900,000
      7,040 SF

      Englewood Flex Building For Sale

      Twin-T flex building with high visibility and storage potential.
      3958 S Federal Blvd, Englewood, CO 80110
      View Details
    • $750,000

      Englewood Commercial Land Opportunity

      High-traffic retail land, seller financing
      3421 Federal Blvd, Englewood, CO 80110
      View Details
    • $900,000
      1,292 SF

      Englewood Retail Building - High Traffic

      Fully Leased Restaurant, Excellent Visibility
      3960 Federal Blvd, Englewood, CO 80110
      View Details

    Similar Nearby for Lease

    • $1,400,000
      4,010 SF

      Retail Property with High Visibility

      Retail property zoned BUS-1 with excellent visibility and signage.
      2800 W Hampden Ave, Englewood, CO 80110
      View Details
    • Contact for pricing
      335,990 SF

      River Point Retail Spaces

      Englewood, CO retail spaces available.
      0 Santa Fe Dr, Englewood, CO 80110
      View Details
    • $1,500,000
      3,664 SF

      Englewood Retail Space for Lease

      Retail space in a strong corridor with high traffic.
      324-340 W Hampden Ave, Englewood, CO 80110
      View Details
    • Contact for pricing
      1,443 SF

      Englewood City Center Retail/Office Space

      Retail and office/medical space in high-traffic Englewood location.
      697 W Hampden Ave, Englewood, CO 80110
      View Details
    • Contact for pricing
      16,396 SF

      High-Visibility Retail Space Available

      Prime retail location with high traffic and signage opportunities.
      3701 S Santa Fe Dr, Englewood, CO 80110
      View Details
    • Contact for pricing
      1,430 SF

      Englewood City Center Retail Space

      Retail and office/medical space in high-traffic Englewood location.
      800 Englewood Pkwy, Englewood, CO 80110
      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.
    3535 S Platte River Dr
    Englewood, CO 80110
    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.