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    411 Florida Ave Denver, CO 80223-3614
    Property profile & analytics

    411 Florida Ave, Denver, CO 80223-3614

    View on Map
    • Grocery and convenience stores
    • 4,080 SF
    • 1.64 lot acres
    Off-Market
    Property ID
    US13-2530228
    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.
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Circle K / Grocery & Convenience Store
    • Circle K | Gas Station / Gas Station

    Property Details for 411 Florida Ave

    Year built
    2011
    Construction
    WOOD
    Lot size
    1.64 lot acres
    Zone code
    E-CC-3
    Property type
    Grocery and convenience stores
    APN
    05223-00-047-000
    APU
    522300047000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 15, 2020 — Department Of Transportation St & C Circle K Stores INC Correction Deed —
    Mar 23, 2020 — Department Of Transportation St & C Circle K Stores INC Warranty Deed —
    Sep 14, 2011 $1,169,456 Circle K Stores INC Provident Construction INC Warranty Deed —
    Apr 5, 2010 — Provident Construction INC Undersheriff Of Denver County One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Mar 9, 2007 $1,496,099 Jm Holdings LLC Mcw Dev LLC Grant Deed —
    Sep 19, 2005 $1,495,000 Marquis Investments INC Mercury Car Wash INC Grant Deed —
    Sep 19, 2005 $1,030,000 Mercury Car Wash INC Stancoll LLC Grant Deed —
    Apr 29, 2003 $358,200 Stanoll LLC Spratlen,frank P Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $995,000
      6.5%
      $920,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $900,000
      Market price range: $513k - $1.16M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,240,000
      OFFICE BUILDING
      $1,200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.993
    Latitude
    39.69
    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
    $65,297
    $589,750
    $252,940
    $842,690
    -
    $2,143,800
    $906,600
    $3,050,400

    Comparable in this City

    • Value Estimation
      $1,365,000
      1,762 SF

      1989 Mississippi Ave

      CONVENIENCE STORE
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      View Details
    • Value Estimation
      $3,385,000
      29,100 SF

      460 Lipan St

      GROCERY, SUPERMARKET
      460 Lipan St, Denver, CO 80223-2013
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    • Value Estimation
      $1,050,000
      5,639 SF

      450 Santa Fe Dr

      CONVENIENCE STORE
      450 Santa Fe Dr, Denver, CO 80223-2152
      View Details
    • Value Estimation by Request
      2,685 SF

      303 Santa Fe Dr

      CONVENIENCE STORE
      303 Santa Fe Dr, Denver, CO 80223-1131
      View Details
    • Value Estimation by Request
      2,534 SF

      1200 Alameda Ave

      CONVENIENCE STORE
      1200 Alameda Ave, Denver, CO 80223-2039
      View Details
    • Value Estimation by Request
      2,695 SF

      2299 Alameda Ave

      CONVENIENCE STORE
      2299 Alameda Ave, Denver, CO 80223-1926
      View Details

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      Mixed-Use Property Near Costco

      Mixed-use property with showroom, office, and retail spaces for sale.
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      Turnkey Auto Shop for Sale

      Turnkey auto shop building on I-B zoned land, ready for immediate auto-related operations in an industrial corridor.
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      15,144 SF

      Renovated Multi-Tenant Industrial Property

      Recently renovated industrial property with income potential in Denver.
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      Gas Station in High-Traffic Location

      Shell gas station in West Denver with high visibility.
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    Similar Nearby for Lease

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      2,100 SF

      Retail Shops on Santa Fe

      NNN leased retail property with national and local tenants.
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      View Details
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      Santa Fe Drive Brewery/Taproom Space

      Divisible space with brewery equipment, liquor license, and parking.
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      View Details
    • Contact for pricing
      8,496 SF

      Santa Fe Drive Retail/Showroom Space

      8,496 SF retail/showroom with warehouse space on Santa Fe Drive.
      2555 S Santa Fe Dr, Denver, CO 80223
      View Details
    • Contact for pricing
      5,700 SF

      Retail Suites with Patio Available

      Retail suites available with strong incentives and patio.
      357 S Bannock St, Denver, CO 80223
      View Details
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    411 Florida Ave
    Denver, CO 80223-3614
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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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