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    Property profile & analytics

    487 Broadway Denver, CO 80209

    • Super regional malls
    • 30,805 SF
    • 4.13 lot acres
    For Lease
    View listing
    Value Estimations
    $375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1930989
    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

    • Z-Ultimate Self Defense Studios / Martial Arts School / Jujitsu School
    • Broadway Chiropractic Center / Health Consultant / Pain Control Clinic
    • Dr. Michael Madden / Chiropractor
    • Pep Boys / Tire Shop / Auto Repair Shop
    • Broadway Cop Shop / Community Center

    Property Details for 487 Broadway

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    4.13 lot acres
    Property size
    30,805 SF
    Zone code
    C-MX-16
    Property type
    Super regional malls
    APN
    05152-05-025-000
    APU
    515205025000

    Description

    This exceptional retail space, located at 487 S Broadway, Suite 300 in Denver, Colorado, presents a fantastic leasing opportunity. Situated in Denver County, this property boasts a prime location within a bustling commercial district. The suite offers 1,365 square feet of versatile space, perfect for a variety of retail businesses. The larger building totals 39,205 square feet and was constructed in 1993, indicating a well-established presence in the area. The property's multiple tenancy structure suggests a vibrant and diverse community of businesses. The address, 487 S Broadway, places the suite in a high-traffic area, ensuring excellent visibility and accessibility for potential customers. This is an ideal opportunity for businesses seeking a well-established location with significant foot traffic in the heart of Denver. The zip code is 80209. The property is currently available for lease and offers a chance to establish or expand your retail presence in a thriving Denver market. The property type is retail, and the commercial subtype indicates its suitability for a wide range of businesses. This space is ready for immediate occupancy. Don't miss this chance to secure a prominent location in a dynamic Denver neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.991
    Latitude
    39.708
    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
    $280,859
    $2,098,300
    $280
    $2,098,580
    -
    $7,550,800
    $1,000
    $7,551,800

    Comparable in this City

    • Value Estimation
      $720,000
      157,247 SF

      427 Broadway

      REGIONAL SHOPPING CENTER, MALL • 157,247 SF
      427 Broadway, Denver, CO 80209
      View Details
    • Value Estimation
      $465,000
      18,584 SF

      475 Broadway

      REGIONAL SHOPPING CENTER, MALL • 18,584 SF
      475 Broadway, Denver, CO 80209-1517
      View Details
    • Value Estimation
      $855,000
      62,249 SF

      575 Broadway

      SHOPPING CENTER, STRIP CENTER • 62,249 SF
      575 Broadway, Denver, CO 80209
      View Details
    • Value Estimation
      $975,000
      115,078 SF

      505 Broadway

      WHOLESALE OUTLET, DISCOUNT STORE • 115,078 SF
      505 Broadway, Denver, CO 80209-4001
      View Details
    • Value Estimation
      $530,000
      17,798 SF

      545 Broadway

      SHOPPING CENTER, STRIP CENTER • 17,798 SF
      545 Broadway, Denver, CO 80209-4067
      View Details
    • Value Estimation
      $470,000
      10,597 SF

      333 Alameda Ave

      SHOPPING CENTER, STRIP CENTER • 10,597 SF
      333 Alameda Ave, Denver, CO 80209-1735
      View Details

    Similar Nearby for Sale

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      Denver Manufacturing/Showroom Building For Sale

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    Similar Nearby for Lease

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      South Broadway Restaurant Space

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    • $240 SF/Yr
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      Restaurant/Retail Building Near Costco

      12,500 SF divisible restaurant/retail building in a dense area.
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      View Details
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    Denver, CO 80209
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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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