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    4624 Central Park Blvd Denver, CO 80238-3435

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    Property profile & analytics

    4624 Central Park Blvd Denver, CO 80238-3435

    View on Map
    • Office buildings
    • 45,183 SF
    • 2.29 lot acres
    Off-Market
    Property ID
    US13-2266159
    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
    $9,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NWC - Restaurants / Restaurant
    • Williams Family Dentistry / Dental Office
    • SSA Group / Professional Services

    Property Details for 4624 Central Park Blvd

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    2.29 lot acres
    Property size
    45,183 SF
    Zone code
    M-IMX-12
    Property type
    Office buildings
    APN
    01153-00-093-000
    APU
    115300093000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,770,000
      6.5%
      $10,865,000
      7%
      $10,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,035,000
      Market price range: $6.56M - $18.1M
      AI Estimate
      $5,796,000
      Market price range: $1.72M - $10.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,560,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $14,665,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $14,625,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $14,530,000
      Change: +26% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $14,045,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $13,720,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.882
    Latitude
    39.7804
    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
    $370,970
    $825,170
    $1,744,980
    $2,570,150
    -
    $2,987,600
    $6,254,400
    $9,242,000

    Comparable in this City

    • Value Estimation
      $48,285,000
      185,207 SF

      8000 36th Ave

      OFFICE BUILDING (MULTI-STORY) • 185,207 SF
      8000 36th Ave, Denver, CO 80238-2831
      View Details
    • Value Estimation
      $9,225,000
      78,387 SF

      8269 23rd Ave

      OFFICE BUILDING • 78,387 SF
      8269 23rd Ave, Denver, CO 80238-3556
      View Details
    • Value Estimation by Request
      576,985 SF

      3309 Syracuse St

      OFFICE BUILDING (MULTI-STORY) • 576,985 SF
      3309 Syracuse St, Denver, CO 80238
      View Details
    • Value Estimation by Request
      890 SF

      2373 Central Park Blvd, Unit 101

      CONDOMINIUM OFFICES • 890 SF
      2373 Central Park Blvd, Denver, CO 80238-2300
      View Details
    • Value Estimation by Request
      1,580 SF

      2373 Central Park Blvd, Unit 205

      MEDICAL BUILDING • 1,580 SF
      2373 Central Park Blvd, Denver, CO 80238-2300
      View Details
    • Value Estimation
      $1,705,000
      3,140 SF

      2979 Iola St

      MEDICAL BUILDING • 3,140 SF
      2979 Iola St, Denver, CO 80238-3193
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,137 SF

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      Office unit with private offices and excellent parking.
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      Restaurant Land Opportunity

      Prime land for a full-service restaurant with alcohol sales.
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    • $1,400,000

      Central Park Development Opportunity

      Half-acre lot in Central Park near schools and amenities.
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      Central Park Land Opportunity

      0.97 acre land parcel in Central Park available for development.
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      Denver Central Park Townhomes

      New townhome community in Denver's Central Park neighborhood.
      8220 E 36Th Ave, Denver, CO 80238
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    • $4,950,000
      1,635 SF

      New Retail Building with Drive-Thru

      New 1,635 SF building with drive-thru on 24,684 SF land.
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    Similar Nearby for Lease

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      Northfield at Stapleton

      Discover many ways to work your way in Piedmont Southpark
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      View Details
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      Versatile Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      8354 Northfield Blvd. Bldg G, Denver, CO 80238
      View Details
    • Contact for pricing
      63,024 SF

      Office Space in Denver Warehouse

      2,079 SF office space with easy highway access.
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      View Details
    • Contact for pricing
      1,705 SF

      Office Space with Flexible Terms

      Office space for rent with flexible lease terms.
      8269 23Rd Ave, Denver, CO 80238
      View Details
    • Contact for pricing
      1,659 SF

      Retail Space in Northfield, Denver

      Dominant shopping district near Central Park and Anschutz Medical Campus.
      8210 Northfield Blvd, Denver, CO 80238
      View Details
    • Contact for pricing

      Land for Lease Opportunity

      Land available for ground lease or build-to-suit near Natural Grocers.
      3165 Central Park Blvd, Denver, CO 80238
      View Details
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    Denver, CO 80238-3435
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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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