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    Property profile & analytics

    4999 Kentucky Ave Denver, CO 80246

    • Medical offices
    • 19,073 SF
    • 0.89 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2484023
    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

    • Mark Patron / Ophthalmologist
    • Swanson Channing OD / Optometrist
    • Mary Catherine W Husney / Family Practice Physician
    • Kadler Karen M MD / Ophthalmologist
    • Kent Holly D / Doctor

    Property Details for 4999 Kentucky Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.89 lot acres
    Property size
    19,073 SF
    Zone code
    S-MX-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    06184-00-016-000
    APU
    618400016000

    Description

    This exceptional 1,800 square foot medical office space is available for lease at 4999 E Kentucky Ave, Denver, CO 80246. Located in the Glendale submarket of Denver County, this space is situated within a larger, two-story Class B medical office building totaling 18,252 square feet. The unit boasts a full west-facing wall of windows, providing abundant natural light. The building features a convenient location with easy access and ample on-site parking for employees and visitors. The space is currently in gray shell condition, offering flexibility for tenant build-out. The building itself presents a professional image, with a stucco exterior and a peaceful, well-maintained foyer. The building is multi-tenant and includes elevators. This prime location in the thriving Glendale submarket offers excellent visibility and accessibility. The space is ideal for a variety of medical practices seeking a modern, well-appointed office in a desirable Denver location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.929
    Latitude
    39.7005
    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
    $73,829
    $209,110
    $743,700
    $952,810
    -
    $779,500
    $2,665,600
    $3,445,100

    Comparable in this City

    • Value Estimation
      $1,995,000
      10,787 SF

      875 Colorado Blvd

      MEDICAL BUILDING • 10,787 SF
      875 Colorado Blvd, Denver, CO 80246-8016
      View Details
    • Value Estimation
      $1,470,000
      9,294 SF

      4900 Cherry Crk S Dr

      MEDICAL BUILDING • 9,294 SF
      4900 Cherry Crk S Dr, Denver, CO 80246-2283
      View Details
    • Value Estimation by Request
      1,338 SF

      5050 Cherry Crk S Dr

      MEDICAL BUILDING • 1,338 SF
      5050 Cherry Crk S Dr, Denver, CO 80246-3904
      View Details
    • Value Estimation
      $1,345,000
      4,713 SF

      4500 Leetsdale Dr

      MEDICAL BUILDING • 4,713 SF
      4500 Leetsdale Dr, Denver, CO 80246-1215
      View Details
    • Value Estimation
      $2,010,000
      11,487 SF

      4900 Kentucky Ave

      MEDICAL BUILDING • 11,487 SF
      4900 Kentucky Ave, Denver, CO 80246-2365
      View Details
    • Value Estimation by Request
      1,603 SF

      5050 Cherry Crk S Dr

      MEDICAL BUILDING • 1,603 SF
      5050 Cherry Crk S Dr, Denver, CO 80246-3904
      View Details

    Similar Nearby for Sale

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      Glendale Standalone Office Near Infinity Park

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    Similar Nearby for Lease

    • $23 SF/Yr
      18,252 SF

      Glendale Medical Office Space

      Denver medical office, 1,800 sq ft available.
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    • $216 SF/Yr
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      Glendale Office Space For Lease

      Prime Glendale location, 4,171 sq ft office.
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    • Contact for pricing
      4,732 SF

      Medical Space on Leetsdale Drive

      Turn-key medical space with high traffic exposure and ample parking.
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    • $50 SF/Yr
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      Cherry Creek Executive Suites

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    • $6,200 /Mo
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      Glendale Office Building For Rent

      Ranch-style office building with 14 offices in the heart of Glendale.
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    • $24 SF/Yr
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      Office Space Available For Rent

      532 square feet of office space for lease.
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      View Details
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    4999 Kentucky Ave
    Denver, CO 80246
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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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