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    Property profile & analytics

    3990 35th Ave Denver, CO 80205-3856

    • Grocery and convenience stores
    • 2,604 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0571951
    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

    • Conoco / Gas Station
    • Amazon Locker - Emee / Courier Service / Postal Service
    • Reececupps carwash / Car Wash
    • 7-Eleven / Grocery & Convenience Store
    • Citibank ATM / Atm

    Property Details for 3990 35th Ave

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    2,604 SF
    Zone code
    E-CC-3X
    Property type
    Grocery and convenience stores
    APN
    02251-36-026-000
    APU
    225136026000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $590,000
      7%
      $545,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Current use
      COMMERCIAL (GENERAL)
      $845,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $835,000
      Change: -1% Conversion: Easy
      OFFICE BUILDING
      $795,000
      Change: -6% Conversion: Moderate
      MEDICAL BUILDING
      $790,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.941
    Latitude
    39.7654
    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
    $14,047
    $108,250
    $73,040
    $181,290
    -
    $418,000
    $261,800
    $679,800

    Comparable in this City

    • Value Estimation
      $5,935,000
      51,385 SF

      757 20th Ave

      GROCERY, SUPERMARKET • 51,385 SF
      757 20th Ave, Denver, CO 80205-3278
      View Details
    • Value Estimation
      $915,000
      6,340 SF

      3550 Downing St

      CONVENIENCE STORE • 6,340 SF
      3550 Downing St, Denver, CO 80205-2482
      View Details
    • Value Estimation by Request
      1,020 SF

      3490 Colorado Blvd

      CONVENIENCE STORE • 1,020 SF
      3490 Colorado Blvd, Denver, CO 80205-3812
      View Details
    • Value Estimation by Request
      1,373 SF

      2737 Welton St

      RETAIL STORES (PERSONAL SERVICES) • 1,373 SF
      2737 Welton St, Denver, CO 80205-2913
      View Details
    • Value Estimation by Request
      1,072 SF

      3408 Williams St

      RETAIL STORES (PERSONAL SERVICES) • 1,072 SF
      3408 Williams St, Denver, CO 80205-4050
      View Details
    • Value Estimation
      $2,950,000
      183,903 SF

      2025 Washington St

      GYM, HEALTH SPA • 183,903 SF
      2025 Washington St, Denver, CO 80205-3570
      View Details

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      Mixed-use building with restaurant and retail in Ballpark.
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      Prime corner location with parking and customization potential in Denver.
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      Modern live/work condo in RiNo, ideal for creative or retail.
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    Similar Nearby for Lease

    • $25 SF/Yr
      2,647 SF

      LoDo Retail or Office Space

      Ground floor unit in historic LoDo with basement and garage.
      2015 Larimer St, Denver, CO 80205
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      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
    • $21 SF/Yr
      3,600 SF

      Retail Space in Denver

      3,600 SF retail space available for lease.
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      View Details
    • Contact for pricing
      3,000 SF

      RiNo Entrance Retail Opportunity

      Retail space in RiNo, near light rail station.
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      RiNo Retail Space For Lease

      Retail space available in Denver's RiNo neighborhood.
      1350 40Th 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

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      9.5k
    • Avg Time on site
      10 min
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    Denver, CO 80205-3856
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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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