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

    4952 62Nd Ave Commerce City, CO 80022

    • Retail space
    • 13,680 SF
    • 1.17 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0377375
    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

    • Retail space

    Property Details for 4952 62Nd Ave

    Year built
    2004
    Lot size
    1.17 lot acres
    Property size
    13,680 SF
    Property type
    Retail space
    APN
    R0158167
    APU
    R0158167

    Description

    This exceptional retail opportunity is located within the vibrant Commerce City Plaza, a King Soopers-anchored shopping center boasting a strong lineup of national tenants. The property is strategically positioned at the high-traffic intersection of US-85 and E. 62nd Ave., offering unparalleled visibility and accessibility. Its convenient location, just one mile north of Highway 270, ensures easy access for customers throughout the region. This prime retail space totals 1,172 square feet and is perfect for a variety of businesses seeking a high-traffic location. The surrounding area is experiencing significant growth, with the nearby Mile High Greyhound Park redevelopment project adding substantial residential density. This 65-acre development will include approximately 780 new multifamily units, along with planned single-family homes, institutional/educational facilities, and additional commercial properties. This influx of new residents will create a larger customer base for businesses within Commerce City Plaza, making this a truly exceptional investment opportunity. The property's multiple tenancy structure provides a diverse and thriving retail environment. This space presents a unique chance to establish a presence in a rapidly expanding area with strong existing infrastructure and significant future growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,290,000
      Market price range: $757k - $2.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.929
    Latitude
    39.8091
    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
    $49,223
    $106,540
    $441,110
    $547,650
    -
    $381,878
    $1,581,023
    $1,962,901

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      7576 Highway 2

      Automotive properties • 6,500 SF
      7576 Highway 2, Commerce City, CO 80022
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    • Value Estimation
      $5,200,000
      14,820 SF

      15310 104th Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,820 SF
      15310 104th Ave, Commerce City, CO 80022-8607
      View Details
    • Value Estimation by Request
      2,376 SF

      6895 72nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,376 SF
      6895 72nd Ave, Commerce City, CO 80022-2103
      View Details
    • Value Estimation by Request
      2,003 SF

      6860 Brighton Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,003 SF
      6860 Brighton Blvd, Commerce City, CO 80022-2376
      View Details
    • Value Estimation
      $930,000
      6,660 SF

      6671 Brighton Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,660 SF
      6671 Brighton Blvd, Commerce City, CO 80022
      View Details
    • Value Estimation
      $605,000
      4,500 SF

      7272 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      7272 Locust St, Commerce City, CO 80022-1727
      View Details

    Similar Nearby for Sale

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      Retail property with established tenant, ideal for investors/owner-users.
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    Similar Nearby for Lease

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      1,339 SF

      Retail Space in Reunion

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      Retail space with excellent access and visibility available for rent.
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      Retail Space in Community Center

      Retail spaces available in a high-traffic community center.
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      Restaurant/Retail Space in Denver, CO

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      10,000 SF

      High-Profile Retail Pad Available

      New retail pad in booming area, up to 10,000 SF.
      18494 E 104Th Ave, Commerce City, CO 80022
      View Details
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    Commerce City, CO 80022
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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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