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Property profile & analytics
FOR LEASE
Auto shops
500 E 62Nd Ave Denver, CO 80216
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-2831550
For Lease
1 / 8
$13,780,000
500 E 62Nd Ave, Denver, CO 80216
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Total area
840 SF
Lot
6.64 ac (289,238 SF)
APN
R0111936
UPID
US13-2831550
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Power Equipment Company Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.78M
Owner & transaction history
County Of Adams · 3 yrs held
County Of Adams
since 2023
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$14,480,000
ML approach
$8,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.78M
Range $12.40M – $15.16M · ±10% · vs last sale $15.90M (Nov 2 2022)
Last sale anchor
$15.90M
Nov 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16,405 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$109,980
Tax year 2023
Assessed value
$1,020,130
Assessed 2023
Previous assessed
$1,395,090
-26.9% YoY
Effective rate
10.78%
On assessed value
Assessed land
$717,860
Assessed improvement
$302,270
Land market value
$2,572,983
Improvement market value
$1,083,417
Total market value
$3,656,400
Applied tax rate
85.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1959
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Rooms
2
Total area
840 SF
Lot
6.64 ac (289,238 SF)
APN
R0111936
UPID
US13-2831550
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Rooms
2
Lot
6.64 ac
Current owner
From public records · entity-resolved
County Of Adams
Entity
Free & Clear · 3 yrs held
Mailing address
10 N MARTINGALE RD STE #560, SCHAUMBURG, IL 60173-2294
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
—
County Of Adams
East 62nd Avenue Partnership LLC
Correction Deed
related
—
Nov 2, 2022
$15,900,000
Snl Iov 62nd Avenue Owner LLC
East 62nd Avenue Partnership LLC
Special Warranty Deed
—
Sep 21, 2022
$156,550
County Of Adams
East 62nd Avenue Partnership LLC
Warranty Deed
—
Mar 14, 2019
$13,000,000
301 West 60th Place LLC
Rock Mountain Prestress LLC
Trustees Deed
$10,400,000 · Umb Bk
Jul 8, 2016
—
East 62nd Avenue Ptshp LLC
—
Deed
related
$1,870,000 · Bank Of Tx
Feb 23, 2011
—
East 62nd Avenue Ptshp LLC
—
Deed Of Trust
related
$1,870,000 · Bank Of Tx
Aug 4, 2003
$1,550,000
East 62nd Ave Partnership LLC
Wrs Holdings LLC
Grant Deed
$1,400,000 · Wrs Holdings LLC
Oct 16, 2000
—
Wrs Holdings LLC
Walter R Schmidt Estate
Grant Deed
related
—
—
—
East 62nd Avenue Ptshp LLC
—
Loan Modification
related
$3,500,000 · Bank Of Tx
—
—
East 62nd Avenue Ptshp LLC
—
Loan Modification
related
$1,870,000 · Bank Of Tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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