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    3615 Bowles Ave Littleton, CO 80123-7922

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    3615 Bowles Ave Littleton, CO 80123-7922

    View on Map
    • Super regional malls
    • 10,960 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US13-0983208
    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
    $2,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carefree Cuisine / Food Processing Plant
    • Enchanted Grounds / Cafe & Coffee Shop
    • Columbine Valley Shopping Center / Shopping Center & Mall
    • Delkevic / Motorcycle Shop
    • ACES Motorcycles - Denver / Motorcycle Shop

    Property Details for 3615 Bowles Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.49 lot acres
    Property size
    10,960 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    2077-18-4-09-041
    APU
    207718409041

    Description

    This thriving Littleton retail center, Columbine Shopping Center, presents an exceptional opportunity for businesses seeking high visibility and foot traffic. Located at the intersection of Bowles and Lowell in Arapahoe County, this two-building complex boasts a total of 45,748 square feet across two stories, built in 1984 and renovated in 2020. Currently, there are 27 suites, with 3,772 square feet of vacant space available. Individual spaces range from a minimum of 1,500 contiguous square feet. The center enjoys a strong tenant roster, including established businesses such as Pizza Hut, UPS, Enchanted Grounds, and Don Juan's, creating a vibrant and successful retail environment. This prime location offers excellent exposure and accessibility, making it an ideal choice for a variety of retail businesses seeking to establish or expand their presence in a bustling Littleton community. The property's recent renovation ensures modern amenities and a well-maintained environment for tenants and customers alike. This is a rare opportunity to join a successful and established retail center in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,255,000
      APARTMENT HOUSE (5+ UNITS)
      $3,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.035
    Latitude
    39.6101
    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
    $49,329
    $0.00
    $0.00
    $524,241
    -
    $483,052
    $1,395,948
    $1,879,000

    Comparable in this City

    • Value Estimation
      $5,600,000
      35,870 SF

      3625 Bowles Ave

      REGIONAL SHOPPING CENTER, MALL • 35,870 SF
      3625 Bowles Ave, Littleton, CO 80123-7934
      View Details
    • Value Estimation
      $15,380,000
      49,224 SF

      2600 Belleview Ave

      REGIONAL SHOPPING CENTER, MALL • 49,224 SF
      2600 Belleview Ave, Littleton, CO 80123-7185
      View Details
    • Value Estimation
      $3,485,000
      390,550 SF

      8501 Bowles Ave

      REGIONAL SHOPPING CENTER, MALL • 390,550 SF
      8501 Bowles Ave, Littleton, CO 80123-9502
      View Details
    • Value Estimation
      $655,000
      5,000 SF

      8501 Cross Dr

      REGIONAL SHOPPING CENTER, MALL • 5,000 SF
      8501 Cross Dr, Denver, CO 80123-2211
      View Details
    • Value Estimation
      $3,115,000
      10,180 SF

      2640 Belleview Ave

      REGIONAL SHOPPING CENTER, MALL • 10,180 SF
      2640 Belleview Ave, Littleton, CO 80123-7189
      View Details
    • Value Estimation
      $2,135,000
      19,604 SF

      7900 Quincy Ave

      REGIONAL SHOPPING CENTER, MALL • 19,604 SF
      7900 Quincy Ave, Denver, CO 80123-1350
      View Details

    Similar Nearby for Sale

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      31,858 SF Specialty Building in Littleton, Colorado for sale.
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    Similar Nearby for Lease

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      Retail Space in Littleton, Colorado

      Retail space available in established Coal Mine Shopping Center.
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      Retail Space in Littleton Center

      Retail space available in established Littleton shopping center.
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      Established Retail Center in Littleton

      Neighborhood retail center with high visibility and strong co-tenancy.
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      Retail Space in Littleton Corridor

      Shopping center in high-traffic Wadsworth Retail Corridor.
      Nwc Of Wadsworth Blvd & Belleview Ave, Littleton, CO 80123
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Southwest Plaza

      Retail space available in a high-traffic Littleton location.
      8601 W Cross Dr, Littleton, CO 80123
      View Details
    • Contact for pricing
      7,100 SF

      Retail Space Near Southwest Plaza

      Retail space available in high-traffic Littleton location.
      8500 W Crestline Ave, Littleton, CO 80123
      View Details
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    Littleton, CO 80123-7922
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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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