Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3585 Central Park Blvd Denver, CO 80238-4111

    • Strip malls
    • 12,021 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 01, 2022
    $8,260,000
    Value Estimations
    $7,635,000
    Show details
    Cap Rate Potential
    2.3%
    Strip malls
    Location Intelligence
    Property ID
    US13-2273991
    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

    • Juan C Flores - Chase Home Lending Advisor - NMLS ID 691911 / Mortgage Lender
    • Chase Bank / Bank / Atm
    • Chase ATM / Atm
    • Club Pilates / Pilates Studio

    Property Details for 3585 Central Park Blvd

    Year built
    2019
    Construction
    WOOD
    Lot size
    1.12 lot acres
    Property size
    12,021 SF
    Zone code
    C-MU-20
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    01286-02-008-000
    APU
    128602008000

    Description

    This exceptional Class A retail space, located at 3585 Central Park Blvd in Denver, Colorado's Stapleton submarket, offers 2,239 square feet of vacant space within a 12,184 square foot multi-tenant building. Built in 2020, this property boasts a prime location, just steps from the RTD A Line light rail station, providing unparalleled access to Denver's extensive public transportation network. The building enjoys high visibility and foot traffic, situated amongst established businesses including Sprouts Farmers Market, JP Morgan Chase, Ike's Love and Sandwiches, Blue Sky Lounge Spa and Salon, and Club Pilates. This presents a unique opportunity for a restaurant or similar business to thrive in a vibrant and well-connected community. The property is situated in Denver County, zip code 80238, and offers excellent potential for growth due to its strategic location and the high-traffic nature of the Stapleton area. This is a rare opportunity to secure a space in a thriving retail center with strong existing tenants and convenient public transportation access. The property is categorized as a multi-tenant retail building, offering a dynamic and collaborative environment. The building's modern construction and prime location make it an ideal choice for businesses seeking high visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,710,000
      ML approach
      $7,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,744,000
      Market price range: $2.12M - $6.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.891
    Latitude
    39.7669
    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
    $147,932
    $808,010
    $216,890
    $1,024,900
    -
    $2,926,100
    $777,400
    $3,703,500

    Comparable in this City

    • Value Estimation
      $355,000
      12,288 SF

      8733 Northfield Blvd

      SHOPPING CENTER, STRIP CENTER • 12,288 SF
      8733 Northfield Blvd, Denver, CO 80238-3637
      View Details
    • Value Estimation by Request
      97,306 SF

      7300 29th Ave

      SHOPPING CENTER, STRIP CENTER • 97,306 SF
      7300 29th Ave, Denver, CO 80238-2699
      View Details
    • Value Estimation
      $320,000
      13,932 SF

      4928 Uinta St

      SHOPPING CENTER, STRIP CENTER • 13,932 SF
      4928 Uinta St, Denver, CO 80238
      View Details
    • Value Estimation
      $330,000
      17,075 SF

      8351 Northfield Blvd

      SHOPPING CENTER, STRIP CENTER • 17,075 SF
      8351 Northfield Blvd, Denver, CO 80238-3560
      View Details
    • Value Estimation
      $515,000
      18,517 SF

      9165 Northfield Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,517 SF
      9165 Northfield Pkwy, Denver, CO 80238-3976
      View Details
    • Value Estimation
      $590,000
      88,214 SF

      7301 29th Ave

      SHOPPING CENTER, STRIP CENTER • 88,214 SF
      7301 29th Ave, Denver, CO 80238-2701
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant Property in Northfield

      Freestanding second-generation restaurant building for sale in busy Northfield.
      7980 Northfield Blvd, Denver, CO 80238
      View Details
    • $599,000

      Modern Townhome in Central Park

      New townhome with modern design, open layout, and premium finishes.
      8280 E 36Th Ave, Denver, CO 80238
      View Details
    • $278,516
      1,147 SF

      Central Park Affordable Home

      Affordable home in Central Park neighborhood with modern amenities.
      9677 E 56Th Pl, Denver, CO 80238
      View Details
    • Contact for pricing

      Central Park Land Opportunity

      0.97 acre land parcel in Central Park available for development.
      2385 Xanthia Way, Denver, CO 80238
      View Details
    • Contact for pricing

      Restaurant Land Opportunity

      Prime land for a full-service restaurant with alcohol sales.
      4612 Central Park Blvd, Denver, CO 80238
      View Details
    • $1,400,000

      Central Park Development Opportunity

      Half-acre lot in Central Park near schools and amenities.
      2240 Verbana St, Denver, CO 80238
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,896 SF

      Retail Space in Northfield Shops

      Dominant shopping district location with high traffic and growth potential.
      8270 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing
      5,504 SF

      Retail Space in Northfield, Denver

      Dominant shopping district near Central Park and Anschutz Medical Campus.
      8210 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing
      1,458 SF

      Retail Space in Northfield Shops

      Retail space available in a dominant shopping district.
      8286 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing
      2,204 SF

      Retail Space in Northfield Shops

      Retail space available in a dominant shopping district.
      8340 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing
      2,907 SF

      Retail Space in Northfield Shops

      Retail space available in a dominant shopping district.
      8260 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing
      976 SF

      Retail Space in Northfield Shops

      Retail space available in a dominant shopping district.
      8302 Northfield Blvd, Denver, CO 80238
      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.
    3585 Central Park Blvd
    Denver, CO 80238-4111
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.