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

    3789 Walnut St Denver, CO 80205-2462

    • High-rise multifamily apartments
    • 63,110 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $9,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1754061
    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

    • High-rise multifamily apartments

    Property Details for 3789 Walnut St

    Year built
    2019
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    63,110 SF
    Zone code
    C-MX-8
    Property type
    High-rise multifamily apartments
    APN
    02271-02-079-000
    APU
    227102079000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,388,000
      Market price range: $4.13M - $11.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.973
    Latitude
    39.7702
    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
    $0.00
    $270,280
    $1,138,440
    $1,408,720
    -
    $4,089,100
    $16,991,600
    $21,080,700

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      2175 California St

      HIGH-RISE APARTMENTS • 0.43 Acres
      2175 California St, Denver, CO 80205-5397
      View Details
    • Value Estimation by Request
      0.27 Acres

      2600 Welton St

      HIGH-RISE APARTMENTS • 0.27 Acres
      2600 Welton St, Denver, CO 80205-4873
      View Details
    • Value Estimation
      $46,585,000
      201,053 SF

      2131 Lawrence St

      HIGH-RISE APARTMENTS • 201,053 SF
      2131 Lawrence St, Denver, CO 80205-2349
      View Details
    • Value Estimation
      $11,400,000
      62,477 SF

      530 25th St

      HIGH-RISE APARTMENTS • 62,477 SF
      530 25th St, Denver, CO 80205-2956
      View Details
    • Value Estimation
      $17,330,000
      75,427 SF

      2632 Blake St

      HIGH-RISE APARTMENTS • 75,427 SF
      2632 Blake St, Denver, CO 80205-2255
      View Details
    • Value Estimation
      $14,350,000
      63,584 SF

      2135 Stout St

      HIGH-RISE APARTMENTS • 63,584 SF
      2135 Stout St, Denver, CO 80205-2830
      View Details

    Similar Nearby for Sale

    • $285,000
      664 SF

      Downtown Condo with City Views

      Chic condo in prime location with upscale amenities and views.
      100 W Park Ave, Denver, CO 80205
      View Details
    • Contact for pricing
      1,412 SF

      Luxury Condo with City Views

      Uptown condo with upgrades, views, and parking.
      100 Park Ave W, Denver, CO 80205
      View Details
    • $3,575,000
      10,740 SF

      Denver Multifamily Investment Opportunity

      15-unit apartment building in Denver's Cole Neighborhood.
      1301 E 33Rd Ave, Denver, CO 80205
      View Details
    • $1,000,000
      2,232 SF

      Denver 5-Unit Multifamily Investment

      Prime Denver location, strong cash flow, value-add potential.
      3453 Franklin St, Denver, CO 80205
      View Details
    • $1,255,000
      2,171 SF

      Denver Triplex Sold

      Three-unit residential income property in Denver, Colorado.
      3420 N Downing St, Denver, CO 80205
      View Details
    • $350,000

      New Home in Clayton Neighborhood

      Modern home in Clayton, Denver, with high-end finishes and studio.
      3892 N Cook St, Denver, CO 80205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,371 SF

      Denver Retail Space: York Street Yards

      Prime Denver retail space, multiple units available.
      3869 Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      5,174 SF

      Retail Spaces with Restaurant Infrastructure

      Retail spaces for lease with restaurant infrastructure, 2,407-33,343 SF.
      3833 Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      490 SF

      Restaurant Ready Space on Larimer

      Restaurant-ready space in the heart of Larimer Street.
      3354 Larimer St, Denver, CO 80205
      View Details
    • Contact for pricing
      3,228 SF

      Retail Space in Red-Brick Buildings

      Retail space available in eleven red-brick buildings.
      3821 N Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      6,496 SF

      Denver Flex Space Available

      Flex space featuring historic brick and timber in Denver.
      3851 N Steele St, Denver, CO 80205
      View Details
    • Contact for pricing
      3,000 SF

      RiNo Entrance Retail Opportunity

      Retail space in RiNo, near light rail station.
      3720 N Downing St, Denver, CO 80205
      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.
    3789 Walnut St
    Denver, CO 80205-2462
    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.