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    Property profile & analytics

    3788 Wheeling St Denver, CO 80239

    • Manufacturing properties
    • 16,524 SF
    • 2.14 lot acres
    For Sale
    View listing
    $5,500,000
    Last Sale
    Nov 10, 2022
    $3,479,000
    Value Estimations
    Cap Rate Potential
    4.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US13-0949066
    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

    • Wualter ariza / Hamburger Restaurant
    • A&A Fleet Services / Auto Repair Shop

    Property Details for 3788 Wheeling St

    Year built
    1978
    Lot size
    2.14 lot acres
    Property size
    16,524 SF
    Property type
    Manufacturing properties
    APN
    R0093007
    APU
    R0093007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,245,000
      ML approach
      $3,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,490,000
      6.5%
      $2,295,000
      7%
      $2,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,178,000
      Market price range: $2.18M - $4.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -104.831
    Latitude
    39.7688
    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
    $58,196
    $156,050
    $356,060
    $512,110
    -
    $559,308
    $1,276,192
    $1,835,500

    Comparable in this City

    • Value Estimation
      $710,000
      651,423 SF

      10251 51st Ave

      FOOD PROCESSING • 651,423 SF
      10251 51st Ave, Denver, CO 80239-2421
      View Details
    • Value Estimation
      $655,000
      148,232 SF

      4990 Ironton St

      MANUFACTURING (LIGHT) • 148,232 SF
      4990 Ironton St, Denver, CO 80239-2410
      View Details
    • Value Estimation
      $795,000
      49,272 SF

      5235 Joliet St

      MANUFACTURING (LIGHT) • 49,272 SF
      5235 Joliet St, Denver, CO 80239
      View Details
    • Value Estimation
      $555,000
      30,630 SF

      4555 Kingston St

      FOOD PROCESSING • 30,630 SF
      4555 Kingston St, Denver, CO 80239-3016
      View Details
    • Value Estimation
      $560,000
      35,275 SF

      4700 Havana St

      MANUFACTURING (LIGHT) • 35,275 SF
      4700 Havana St, Denver, CO 80239-2405
      View Details
    • Value Estimation
      $375,000
      47,898 SF

      11001 53rd Ave

      FOOD PROCESSING • 47,898 SF
      11001 53rd Ave, Denver, CO 80239-2107
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Industrial Building with Heavy Power

      17,044 SF industrial building with heavy power and cranes.
      3788 Wheeling St, Denver, CO 80239
      View Details
    • $2,200,000
      15,908 SF

      Denver Industrial Flex Space

      15,908 SF Flex Building, $2.2M
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    • $3,555,000
      22,922 SF

      Denver Industrial Property For Sale

      Industrial property with dock-high loading and heavy power.
      4675 Kingston St, Denver, CO 80239
      View Details
    • $5,600,000
      40,000 SF

      Denver Industrial Warehouse - 40,000 SF

      40,000 SF industrial space, Denver, CO. Owner/user or investment opportunity.
      12790 38Th Ave, Denver, CO 80239
      View Details
    • $10,500,000
      38,194 SF

      Denver Warehouse: Net Lease Investment

      High-yield industrial warehouse, corporate guaranteed.
      4750 Nome St, Denver, CO 80239
      View Details
    • $2,200,000
      15,908 SF

      Denver Flex Facility with HVAC

      15,908 SF flex facility with renovated kitchen and conference room.
      10885 E 51St Ave, Denver, CO 80239
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      202,816 SF

      Montbello Industrial Park Warehouse

      Denver Industrial Space - 76,663 SF Available
      13333 37Th Ave, Denver, CO 80239
      View Details
    • Contact for pricing
      81,022 SF

      Denver Industrial Land Opportunity

      1.87-acre lot, versatile zoning.
      4665 Paris St, Denver, CO 80239
      View Details
    • Contact for pricing
      124,290 SF

      Denver Manufacturing/Distribution Facility

      124,290 SF manufacturing/distribution facility with heavy power and cranes.
      3811 Joliet St, Denver, CO 80239
      View Details
    • Contact for pricing
      84,024 SF

      Denver Warehouse with Secured Parking

      84,024 SF warehouse with heavy parking and high power.
      5280 Joliet St, Denver, CO 80239
      View Details
    • Contact for pricing
      169,724 SF

      Kingston Street Industrial Facility

      Prime Denver location, 169,724 SF manufacturing/distribution space.
      4550 Kingston St, Denver, CO 80239
      View Details
    • Contact for pricing
      72 SF

      Industrial Warehouse in Central Denver

      72,625 SF industrial warehouse, demised into 2 units for rent.
      11400 E 51St Ave, Denver, CO 80239
      View Details
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    3788 Wheeling St
    Denver, CO 80239
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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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