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    Property profile & analytics

    3865 Grape St Denver, CO 80207-1145

    • Warehouses
    • 32,100 SF
    • 2.31 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2020
    $3,150,000
    Value Estimations
    $3,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1859030
    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

    • HQ Fulfillment Logistics / Logistics Service
    • Altium Packaging / Packaging Company / Plastic Fabrication Company

    Property Details for 3865 Grape St

    Year built
    1957
    Construction
    WOOD
    Lot size
    2.31 lot acres
    Property size
    32,100 SF
    Zone code
    I-MX-3
    Property type
    Warehouses
    APN
    01194-00-269-000
    APU
    119400269000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,195,000
      ML approach
      $3,190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,530,000
      6.5%
      $5,105,000
      7%
      $4,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,652,000
      Market price range: $3.65M - $5.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.925
    Latitude
    39.7703
    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
    $75,496
    $974,040
    $280
    $974,320
    -
    $3,521,200
    $1,000
    $3,522,200

    Comparable in this City

    • Value Estimation
      $280,000
      118,048 SF

      3950 Kearney St

      WAREHOUSE, STORAGE • 118,048 SF
      3950 Kearney St, Denver, CO 80207-1326
      View Details
    • Value Estimation by Request

      5055 38Th Ave

      Distribution properties
      5055 38Th Ave, Denver, CO 80207
      View Details
    • Value Estimation
      $330,000
      42,130 SF

      3925 Monaco St Pkwy

      WAREHOUSE, STORAGE • 42,130 SF
      3925 Monaco St Pkwy, Denver, CO 80207
      View Details
    • Value Estimation
      $14,605,000
      80,400 SF

      7200 36th Ave

      MINI-WAREHOUSE, STORAGE • 80,400 SF
      7200 36th Ave, Denver, CO 80207-1604
      View Details
    • Value Estimation
      $370,000
      44,596 SF

      8025 40th Ave, Unit 8045

      WAREHOUSE, STORAGE • 44,596 SF
      8025 40th Ave, Denver, CO 80207-1710
      View Details
    • Value Estimation
      $310,000
      9,968 SF

      5001 38th Ave

      WAREHOUSE, STORAGE • 9,968 SF
      5001 38th Ave, Denver, CO 80207-1103
      View Details

    Similar Nearby for Sale

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      14,500 SF

      Denver Warehouse Investment Opportunity

      14,500 SF Warehouse, 100% Occupied
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    • Contact for pricing
      34 SF

      Decommissioned Industrial Building for Sale

      34,022 SF industrial building, ready for new operator or condo.
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      12,637 SF

      Versatile Warehouse with Redevelopment Potential

      Warehouse with I-MX-3 zoning, suitable for diverse uses.
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    • $676,000

      Park Hill Duplex Investment Opportunity

      Duplex in Park Hill with redevelopment potential on large lot.
      3255-3259 Pontiac St, Denver, CO 80207
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    • $350,000

      Prime Denver Lot Available

      Denver lot ideal for investors or future homeowners.
      3601 Grape St, Denver, CO 80207
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    • $350,000

      Denver Land Parcel For Sale

      Prime Denver lot, great for investment or development.
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    Similar Nearby for Lease

    • $7 SF/Yr
      26,896 SF

      High Clear Height Warehouse Space

      Class A warehouse with easy access to major interstates.
      10000-10300 E 40Th Ave, Denver, CO 80207
      View Details
    • Contact for pricing
      28,750 SF

      Industrial Space with I-70 Access

      Class A industrial building with immediate I-70 access.
      3975 N Monaco Pkwy, Denver, CO 80207
      View Details
    • $8 SF/Yr
      20,330 SF

      Industrial Property with Fenced Yard

      20,330 SF industrial property with office and warehouse space.
      6035 East 38Th Ave, Denver, CO 80207
      View Details
    • Contact for pricing
      19,579 SF

      Industrial Space with Food Production

      Former Panera facility with coolers, docks, and heavy power.
      9600-9640 E 40Th Ave, Denver, CO 80207
      View Details
    • Contact for pricing
      114,325 SF

      Class A Industrial Space

      New industrial space with highway frontage and easy access.
      9575 East 40Th Ave, Denver, CO 80207
      View Details
    • $3 SF/Yr
      4,840 SF

      Industrial Space with Heavy Power

      Industrial space featuring heavy power and high-bay section.
      8000 E 40Th Ave, Denver, CO 80207
      View Details
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    3865 Grape St
    Denver, CO 80207-1145
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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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