Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Cedar Ave Denver, CO 80223-1881

    • High-rise multifamily apartments
    • 205,065 SF
    • 2.20 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2020
    $73,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2228251
    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

    • Sobo Station / Apartment Complex
    • SemaConnect Charging Station / Electric Vehicle Charging Station
    • Erica Ballard Spiritual Counseling / Counselor
    • Andrew's Apartment / Apartment Building

    Property Details for 500 Cedar Ave

    Year built
    2017
    Construction
    CONCRETE
    Lot size
    2.20 lot acres
    Property size
    205,065 SF
    Zone code
    C-RX-5
    Property type
    High-rise multifamily apartments
    APN
    05103-29-015-000
    APU
    510329015000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $51,895,000
      6.5%
      $47,900,000
      7%
      $44,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $68,760,000
      Market price range: $51.4M - $82.6M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $64,710,000
      Current use
      RESTAURANT
      $83,865,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $82,135,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $66,555,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $66,375,000
      Change: +3% Conversion: Moderate
      RETAIL STORES
      $65,950,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $62,270,000
      Change: -4% Conversion: Moderate
      OFFICE BUILDING
      $60,370,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.994
    Latitude
    39.7125
    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
    $431,040
    $381,580
    $5,181,230
    $5,562,810
    -
    $5,750,200
    $77,331,800
    $83,082,000

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      360 Acoma St

      HIGH-RISE APARTMENTS • 1.02 Acres
      360 Acoma St, Denver, CO 80223-1167
      View Details
    • Value Estimation
      $15,450,000
      65,743 SF

      1775 Mosier Pl

      HIGH-RISE APARTMENTS • 65,743 SF
      1775 Mosier Pl, Denver, CO 80223-3031
      View Details
    • Value Estimation by Request
      2.22 Acres

      1933 Acoma St

      HIGH-RISE APARTMENTS • 2.22 Acres
      1933 Acoma St, Denver, CO 80223-3960
      View Details
    • Value Estimation by Request
      377,999 SF

      255 Cherokee St

      HIGH-RISE APARTMENTS • 377,999 SF
      255 Cherokee St, Denver, CO 80223-1863
      View Details
    • Value Estimation
      $14,075,000
      67,073 SF

      1790 Mosier Pl

      HIGH-RISE APARTMENTS • 67,073 SF
      1790 Mosier Pl, Denver, CO 80223-3032
      View Details
    • Value Estimation
      $17,350,000
      71,781 SF

      330 Acoma St

      HIGH-RISE APARTMENTS • 71,781 SF
      330 Acoma St, Denver, CO 80223-1198
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Denver Multifamily Property Sold

      Seven-unit multifamily property in Denver, recently sold.
      1853 W Mosier Pl, Denver, CO 80223
      View Details
    • Contact for pricing
      42,904 SF

      Denver Apartment Community For Sale

      51-unit apartment community in Denver with updated electrical panels.
      2301-2395 W Virginia Ave, Denver, CO 80223
      View Details
    • $1,650,000

      Denver Apartment Building For Sale

      Turnkey 8-unit apartment building with condo-level finishes.
      265 S Yuma St, Denver, CO 80223
      View Details
    • $1,300,000
      5,072 SF

      Denver Multifamily Investment Opportunity

      Eight-unit apartment building with courtyard and dedicated parking.
      1837 W Mosier Pl, Denver, CO 80223
      View Details
    • $3,700,000

      Denver Apartment Building Just Sold

      24-unit apartment building in Denver, sold at 5.99% CAP.
      1400 W Mississippi Ave, Denver, CO 80223
      View Details
    • Contact for pricing

      Denver Multifamily Property for Sale

      Multifamily property in Denver, contact broker for details.
      310 W Archer Pl, Denver, CO 80223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Multi-Tenant Industrial Project

      15,144 SF multi-tenant industrial project in Denver for lease.
      2101 S Platte River Dr, Denver, CO 80223
      View Details
    • $12 SF/Yr
      5,345 SF

      Denver Warehouse with Office Space

      Warehouse with office space available for lease in Denver.
      2209 Jason St, Denver, CO 80223
      View Details
    • $13 SF/Yr
      16,800 SF

      Creative Warehouse with Wash Bay

      Rare warehouse opportunity in prominent Santa Fe location.
      52-66 S Santa Fe Dr, Denver, CO 80223
      View Details
    • Contact for pricing
      30,324 SF

      Warehouse with Fenced Outside Storage

      Warehouse with immediate I-25 access and covered loading doors.
      100 Rio Grande Blvd, Denver, CO 80223
      View Details
    • Contact for pricing
      3,781 SF

      Evans Avenue Warehouse Space Available

      Industrial warehouse space featuring drive-in loading and ample parking.
      1390 Evans Ave, Denver, CO 80223
      View Details
    • $14 SF/Yr

      Denver Flex Space For Lease

      Flex space available in Denver, lease includes building expenses.
      1205 S Platte River Dr, Denver, CO 80223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Cedar Ave
    Denver, CO 80223-1881
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!