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    4741 Airport Way Denver, CO 80239-5999
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    Property profile & analytics

    4741 Airport Way Denver, CO 80239-5999

    View on Map
    • Outlet malls
    • 16.07 lot acres
    Off-Market
    Property ID
    US13-1277120
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Costco Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Costco / Grocery & Convenience Store / Food Market
    • Costco Pharmacy / Pharmacy
    • Costco Vision Center / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Costco Gasoline / Gas Station

    Property Details for 4741 Airport Way

    Year built
    2022
    Construction
    WOOD
    Lot size
    16.07 lot acres
    Zone code
    SCC
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    00201-02-001-000
    APU
    20102001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.796
    Latitude
    39.7805
    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
    $333,463
    $2,189,370
    $2,114,150
    $4,303,520
    -
    $7,877,200
    $7,577,600
    $15,454,800

    Comparable in this City

    • Value Estimation
      $7,660,000
      42,965 SF

      4701 Peoria St

      SHOPPING CENTER, STRIP CENTER • 42,965 SF
      4701 Peoria St, Denver, CO 80239-2856
      View Details
    • Value Estimation by Request
      1.34 Acres

      4611 Peoria St

      SHOPPING CENTER, STRIP CENTER • 1.34 Acres
      4611 Peoria St, Denver, CO 80239-4851
      View Details
    • Value Estimation
      $2,255,000
      11,972 SF

      4644 Peoria St

      SHOPPING CENTER, STRIP CENTER • 11,972 SF
      4644 Peoria St, Denver, CO 80239-4806
      View Details
    • Value Estimation
      $1,405,000
      8,878 SF

      5135 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 8,878 SF
      5135 Chambers Rd, Denver, CO 80239-6702
      View Details
    • Value Estimation
      $3,710,000
      12,100 SF

      12244 44th Ave

      SHOPPING CENTER, STRIP CENTER • 12,100 SF
      12244 44th Ave, Denver, CO 80239-5055
      View Details
    • Value Estimation
      $2,190,000
      10,100 SF

      16221 40th Ave

      SHOPPING CENTER, STRIP CENTER • 10,100 SF
      16221 40th Ave, Denver, CO 80239-5879
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,200 SF

      Retail Space Near Airport

      Retail property near airport with high traffic and visibility.
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      7,000 SF

      Retail Space Near Airport

      Retail property near airport with high traffic and visibility.
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    • $1,850,000

      Industrial/Flex Building in Northeast Denver

      Industrial/flex building with office buildout and flexible zoning.
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      14,400 SF

      Secured Warehouse with Freezer/Cooler

      Standalone warehouse with freezer/cooler, offices, and easy access.
      5080 Paris St, Denver, CO 80239
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      41,770 SF

      Denver Warehouse with Heavy Power

      41,770 SF warehouse with new upgrades and easy access.
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    Similar Nearby for Lease

    • $3,480 /Mo
      2,800 SF

      Versatile Flex Space Near I-70

      Flexible commercial space suitable for various business types, near I-70.
      12445 E 39Th Cir, Denver, CO 80239
      View Details
    • Contact for pricing

      Denver Metro Area Office Building

      State-of-the-art office building in a rapidly growing Denver area.
      4555 Airport Way, Denver, CO 80239
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Denver, Colorado.
      11585 E 53Rd Ave, Denver, CO 80239
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    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      30,000 SqFt industrial space available for single tenant.
      12850 E 40Th Ave, Denver, CO 80239
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent in growing community.
      17598 Green Valley Ranch Blvd, Denver, CO 80239
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    • $19 SF/Yr
      1,158 SF

      Attractive Office Park with Water Feature

      One-story office park with mature trees and convenient amenities.
      4705 Paris St, Denver, CO 80239
      View Details
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    4741 Airport Way
    Denver, CO 80239-5999
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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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