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

    500 16Th St Denver, CO 80401

    • Super regional malls
    • 175,105 SF
    • 1.68 lot acres
    For Lease
    View listing
    Value Estimations
    $440,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0456745
    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

    • Garage Hurricane Doors LLC / Door Warehouse / Garage Door Supplier
    • Hat Collection / Hat Shop
    • Denver Ski Shuttles / Transportation Service
    • Lime - An American Cantina / Mexican Restaurant / Dance Club
    • francesca's / Boutique / Gift Shop

    Property Details for 500 16Th St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    1.68 lot acres
    Property size
    175,105 SF
    Zone code
    D-C
    Property type
    Super regional malls
    APN
    02346-14-034-000
    APU
    234614034000

    Description

    Denver Pavilions, located at 500 16th St Mall, Denver, CO 80202, presents a unique opportunity for retailers seeking a vibrant, high-traffic location. This Class A, three-story, open-air retail center totaling 148,449 square feet offers 17 available spaces ranging from 1,003 to 27,500 contiguous square feet. The property boasts a total of 40 suites and sits on a 1.69-acre lot (73,616 square feet) in the heart of Denver's Central Business District (CBD) submarket, zoned D-C. Built in 1997, the Denver Pavilions features convenient amenities including elevators. Its prime location on the 16th Street Mall ensures high visibility and significant foot traffic, creating an ideal environment for businesses seeking maximum exposure. Currently, 126,993 square feet of space is available for lease. This exceptional property offers a dynamic atmosphere and unparalleled opportunities for businesses to thrive in a bustling downtown setting. The cross street is Glenarm Pl.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.991
    Latitude
    39.7438
    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
    $711,909
    $7,134,730
    $2,052,850
    $9,187,580
    -
    $25,602,500
    $7,357,900
    $32,960,400

    Comparable in this City

    • Value Estimation
      $330,000
      239,485 SF

      500 16th St

      REGIONAL SHOPPING CENTER, MALL • 239,485 SF
      500 16th St, Denver, CO 80202-4259
      View Details
    • Value Estimation
      $535,000
      0.51 Acres

      1890 Wazee St, Unit 3

      SHOPPING CENTER, STRIP CENTER • 0.51 Acres
      1890 Wazee St, Denver, CO 80202
      View Details
    • Value Estimation
      $795,000
      230,482 SF

      1920 17th St

      SHOPPING CENTER, STRIP CENTER • 230,482 SF
      1920 17th St, Denver, CO 80202-6401
      View Details
    • Value Estimation
      $830,000
      56,193 SF

      801 16th St

      SHOPPING CENTER, STRIP CENTER • 56,193 SF
      801 16th St, Denver, CO 80202-3205
      View Details
    • Value Estimation
      $620,000
      32,448 SF

      1255 19th St

      SHOPPING CENTER, STRIP CENTER • 32,448 SF
      1255 19th St, Denver, CO 80202-1403
      View Details
    • Value Estimation
      $275,000
      4,808 SF

      1955 Arapahoe St

      SHOPPING CENTER, STRIP CENTER • 4,808 SF
      1955 Arapahoe St, Denver, CO 80202-1851
      View Details

    Similar Nearby for Sale

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      Retail space with high pedestrian traffic near public transportation.
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    Similar Nearby for Lease

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      5,306 SF

      Retail Space in Denver Mall

      Retail space available in Denver mall, 5306 square feet.
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      Denver Retail Center: Prime Location

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      California Mall Retail Space

      Prime Downtown Denver Retail Opportunity
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    • $20 SF/Yr
      4,512 SF

      Halcyon House: Downtown Denver Office

      Prime CBD Retail/Office Suites Available
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    • $23 SF/Yr
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      1500 SF of Street Level Retail For Lease
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    • Contact for pricing
      2,162 SF

      Denver Retail Space - Grand Hyatt

      Prime 2,162 SF retail space, Denver's 17th Street.
      555 17Th St, Denver, CO 80202
      View Details
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    500 16Th St
    Denver, CO 80401
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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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