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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4500 38th Ave Denver, CO 80212-2001

    • Strip malls
    • 19,270 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $3,860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0789820
    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

    • Highlands Family Medicine / Pediatrician / Physician
    • Starbucks / Cafe & Coffee Shop
    • Anna Beaumont Johanson / Pediatrician / Physician
    • Dr. Ermin Kreso / Physician
    • Highlands Eyecare / Physician

    Property Details for 4500 38th Ave

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.77 lot acres
    Property size
    19,270 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02302-47-056-000
    APU
    230247056000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,710,000
      6.5%
      $4,350,000
      7%
      $4,040,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,255,000
      Current use
      COMMERCIAL (GENERAL)
      $6,235,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $6,195,000
      Change: -1% Conversion: Easy
      MEDICAL BUILDING
      $5,850,000
      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
    -105.046
    Latitude
    39.7691
    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
    $156,521
    $785,080
    $1,234,910
    $2,019,990
    -
    $2,843,900
    $4,426,200
    $7,270,100

    Comparable in this City

    • Value Estimation
      $8,750,000
      62,098 SF

      3817 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER • 62,098 SF
      3817 Sheridan Blvd, Denver, CO 80212
      View Details
    • Value Estimation
      $2,410,000
      11,400 SF

      5253 48th Ave

      SHOPPING CENTER, STRIP CENTER • 11,400 SF
      5253 48th Ave, Denver, CO 80212-2701
      View Details
    • Value Estimation
      $2,760,000
      15,812 SF

      4979 44th Ave

      SHOPPING CENTER, STRIP CENTER • 15,812 SF
      4979 44th Ave, Denver, CO 80212-2410
      View Details
    • Value Estimation
      $650,000
      5,263 SF

      3700 10th St

      SHOPPING CENTER, STRIP CENTER • 5,263 SF
      3700 10th St, Denver, CO 80212-1963
      View Details
    • Value Estimation
      $5,400,000
      32,568 SF

      4431 29th Ave

      SHOPPING CENTER, STRIP CENTER • 32,568 SF
      4431 29th Ave, Denver, CO 80212
      View Details
    • Value Estimation
      $18,405,000
      157,570 SF

      5957 44th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 157,570 SF
      5957 44th Ave, Denver, CO 80212-7410
      View Details

    Similar Nearby for Sale

    • $850,000

      Retail Strip in Highlands Neighborhood

      Retail strip with parking on a main thoroughfare.
      4880-4902 W 38Th Ave, Denver, CO 80212
      View Details
    • $2,400,000
      10,320 SF

      Wheat Ridge Retail Center

      High-visibility retail investment
      5890 44Th Ave, Wheat Ridge, CO 80212
      View Details
    • $1,150,000
      1,837 SF

      Denver Retail/Office Opportunity

      Prime Denver location, 1837 sq ft, seller financing.
      4928 29Th Ave, Denver, CO 80212
      View Details
    • $995,000
      1,503 SF

      Tennyson Street Retail Space Available

      Prime retail space in vibrant Berkeley neighborhood with parking.
      4258 Tennyson St #102, Denver, CO 80212
      View Details
    • $885,000

      Berkeley Commercial Property with Bungalow Charm

      Commercial property with retail, studio, office, or live/work potential.
      4735 W 38Th Ave, Denver, CO 80212
      View Details
    • $2,400,000
      10,320 SF

      Retail Property in Wheat Ridge

      Retail property available for sale in Wheat Ridge, Colorado.
      5890-5892 W 44Th Ave, Wheat Ridge, CO 80212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,883 SF

      Retail Space on Tennyson Street

      Retail space available in thriving Denver location.
      4499 W 38Th Ave, Denver, CO 80212
      View Details
    • Contact for pricing
      360 SF

      Modern Office or Retail Space

      360 SF building, ideal for office or retail use.
      4411 Yates St, Denver, CO 80212
      View Details
    • $21 SF/Yr
      805 SF

      Highlands Garden Retail Space

      805 SF Retail, Denver's Highlands
      4600 38Th Ave, Denver, CO 80212
      View Details
    • $27 SF/Yr
      3,144 SF

      Wheat Ridge Liquor Store Opportunity

      Prime Retail Space, Liquor License Included
      5800 44Th Ave, Denver, CO 80212
      View Details
    • Contact for pricing
      2,991 SF

      Retail Space Available For Rent

      Retail space available for lease in Denver, Colorado.
      4345 W 38Th Ave, Denver, CO 80212
      View Details
    • Contact for pricing

      Retail Space in West Highland

      787 SF retail space in Denver's West Highland neighborhood.
      4902 West 38Th Ave, Denver, CO 80212
      View Details
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    Denver, CO 80212-2001
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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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