3839 Newport St Denver, CO 80207-1509
Property profile & analytics
3839 Newport St Denver, CO 80207-1509
- Office buildings
- 5,578 SF
- 0.34 lot acres
Property ID
US13-0783390
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.
Location Intelligence
Current Use by Public Records
- Charles M Schayer & Co / Customs Broker / Freight Forwarding Service
Property Details for 3839 Newport St
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.34 lot acres
- Property size
- 5,578 SF
- Zone code
- I-MX-3
- Property type
- Office buildings
- APN
- 01204-22-007-000
- APU
- 120422007000
Description
This exceptional investment opportunity presents a fully leased 5,578 square foot flex space industrial building situated on a substantial 14,751 square foot lot in Denver's vibrant Park Hill neighborhood. The property, located at 3839 Newport Street, boasts a prime location directly across from Martin Luther King Jr. Park, offering convenient access to amenities and a thriving community. Built in 1961, this single-story Class C building features a combination of office and warehouse space, ideal for a variety of uses. The property includes 10 surface parking spaces and benefits from I-MX-3 zoning, presenting significant future development potential. The current lease agreement has a remaining term of approximately four years, expiring April 30, 2028. The property's strong location within a rapidly developing industrial corridor, just south of I-70 and west of Quebec Street, ensures excellent accessibility and future appreciation. With an asking price of $1,875,000 ($336.14 per square foot), and an average net operating income of $85,341, this presents a compelling investment opportunity for owner-users seeking a strategic foothold in a high-growth Denver market. The 2023 property taxes are $3.04 per square foot. The property's proximity to Station 26 Brewery and numerous ongoing development projects further underscores its long-term value and potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,015,000
- ML approach
- $1,090,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,455,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,012,000
Market price range: $810k - $2.23M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,425,000 Current use
- MEDICAL BUILDING
- $1,695,000 Change: +19% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,325,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.91
- Latitude
- 39.7701
- 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
$18,277
$135,680
$100,190
$235,870
-
$516,300
$359,100
$875,400
