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

    428 Sherman St Denver, CO 80209-1747

    • Garden apartment buildings
    • 3,804 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2781137
    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

    • Denver 12 Step Programs / Social Service Agency / Charitable Organization

    Property Details for 428 Sherman St

    Year built
    1905
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,804 SF
    Zone code
    U-SU-B2
    Property type
    Garden apartment buildings
    APN
    05151-11-006-000
    APU
    515111006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $460,000
      Market price range: $216k - $773k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,235,000
      COMMERCIAL (GENERAL)
      $1,230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.985
    Latitude
    39.7087
    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
    $9,013
    $16,580
    $99,740
    $116,320
    -
    $302,500
    $1,488,700
    $1,791,200

    Comparable in this City

    • Value Estimation
      $745,000
      4,396 SF

      85 Pearl St, Unit 87

      GARDEN APT, COURT APT (5+ UNITS) • 4,396 SF
      85 Pearl St, Denver, CO 80209-2071
      View Details
    • Value Estimation
      $785,000
      4,688 SF

      47 Logan St, Unit 49

      GARDEN APT, COURT APT (5+ UNITS) • 4,688 SF
      47 Logan St, Denver, CO 80209-1863
      View Details
    • Value Estimation
      $680,000
      2,955 SF

      864 Logan St, Unit 868

      GARDEN APT, COURT APT (5+ UNITS) • 2,955 SF
      864 Logan St, Denver, CO 80209-4176
      View Details
    • Value Estimation
      $730,000
      4,137 SF

      80 Washington St

      GARDEN APT, COURT APT (5+ UNITS) • 4,137 SF
      80 Washington St, Denver, CO 80209-2031
      View Details
    • Value Estimation
      $2,600,000
      8,793 SF

      140 Clarkson St

      GARDEN APT, COURT APT (5+ UNITS) • 8,793 SF
      140 Clarkson St, Denver, CO 80209-2131
      View Details
    • Value Estimation
      $935,000
      2,275 SF

      180 Emerson St

      GARDEN APT, COURT APT (5+ UNITS) • 2,275 SF
      180 Emerson St, Denver, CO 80209-2210
      View Details

    Similar Nearby for Sale

    • $1,375,000
      4,195 SF

      Denver Multifamily Investment Opportunity

      Vintage Victorian mansion in West Washington Park neighborhood.
      54 South Pennsylvania St, Denver, CO 80209
      View Details
    • $693,000

      Renovated Condo Near Washington Park

      West-facing condo with new interior, abundant amenities, and prime location.
      460 S Marion Pkwy, Denver, CO 80209
      View Details
    • Contact for pricing

      Renovated Condo Across From Washington Park

      Modern condo with easy access to Washington Park amenities.
      480 S Marion Pkwy, Denver, CO 80209
      View Details
    • Contact for pricing
      8,181 SF

      Denver Mansion with Development Potential

      8,181 SF mansion with development potential in central Denver.
      1563 Gaylord St, Denver, CO 80209
      View Details
    • $1,650,000
      5,220 SF

      Mixed-Use Building in South Broadway

      Retail and multi-family building in a thriving Denver corridor.
      56 S Broadway, Denver, CO 80209
      View Details
    • $1,400,000
      3,774 SF

      Denver Multifamily Property Sold

      Six-unit multifamily property located in Denver, Colorado.
      601-605 S Logan St, Denver, CO 80209
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo
      3,400 SF

      Cherry Creek Executive Row Home

      Spacious 4 bed, 4.5 bath home in Cherry Creek.
      112 S Garfield St, Denver, CO 80209
      View Details
    • $35 SF/Yr
      1,508 SF

      Corner Office/Retail Space Available

      Modern office/retail space with parking on corner of E Virginia.
      2041 E Virginia Ave, Denver, CO 80209
      View Details
    • Contact for pricing
      1,695 SF

      Retail Space Near Southglenn Streets

      Retail space for lease near high-traffic intersection and established businesses.
      6836-6848 S University Blvd, Centennial, CO 80209
      View Details
    • Contact for pricing
      4,302 SF

      Retail Space at High-Volume Intersection

      Retail space available at a high-traffic Centennial intersection.
      6840 S University Blvd, Centennial, CO 80209
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Centennial

      Retail space available in Centennial, surrounded by affluent neighborhoods.
      7575 S University Blvd, Centennial, CO 80209
      View Details
    • Contact for pricing
      1,354 SF

      Office Space with Utilities Included

      Office space for rent including utilities, building services, expenses.
      300 S Jackson St, Denver, CO 80209
      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.
    428 Sherman St
    Denver, CO 80209-1747
    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.