Sign Up Successful!
You now have access to more from Realmo!
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

    5005 Washington St Denver, CO 80216

    • Warehouses
    • 38,845 SF
    • 2.00 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    May 06, 2024
    $6,465,000
    Value Estimations
    $6,465,000
    Cap Rate Potential
    6.2%
    Warehouses
    Location Intelligence
    Property ID
    US13-0649955
    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

    • Bargreen Ellingson Restaurant Supply & Design / Kitchen Supply Store / Restaurant Supply Store

    Property Details for 5005 Washington St

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property size
    38,845 SF
    Zone code
    I-A
    Property type
    Warehouses
    APN
    02154-00-046-000
    APU
    215400046000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,465,000
      ML approach
      $6,465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,690,000
      6.5%
      $6,175,000
      7%
      $5,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,381,000
      Market price range: $4.46M - $9.24M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,455,000
      Current use
      OFFICE BUILDING
      $9,940,000
      Change: +54% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $9,420,000
      Change: +46% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.979
    Latitude
    39.788
    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
    $125,783
    $478,260
    $1,145,040
    $1,623,300
    -
    $1,744,200
    $4,104,100
    $5,848,300

    Comparable in this City

    • Value Estimation by Request
      23,756 SF

      4959 Colorado Blvd

      Distribution properties • 23,756 SF
      4959 Colorado Blvd, Denver, CO 80216
      View Details
    • Value Estimation
      $8,165,000
      86,788 SF

      4200 50th Ave

      WAREHOUSE, STORAGE • 86,788 SF
      4200 50th Ave, Denver, CO 80216-3158
      View Details
    • Value Estimation
      $935,000
      7,200 SF

      3606 Delgany St

      WAREHOUSE, STORAGE • 7,200 SF
      3606 Delgany St, Denver, CO 80216-3634
      View Details
    • Value Estimation
      $9,690,000
      127,020 SF

      4570 Ivy St

      WAREHOUSE, STORAGE • 127,020 SF
      4570 Ivy St, Denver, CO 80216-6419
      View Details
    • Value Estimation
      $6,770,000
      77,082 SF

      4040 Holly St

      WAREHOUSE, STORAGE • 77,082 SF
      4040 Holly St, Denver, CO 80216-4547
      View Details
    • Value Estimation
      $3,725,000
      45,054 SF

      4105 Holly St

      WAREHOUSE, STORAGE • 45,054 SF
      4105 Holly St, Denver, CO 80216-4554
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,400 SF

      Industrial Property with Secured Yard

      Industrial property featuring a large, secured yard and flexible zoning.
      6405 E 48Th Ave, Commerce City, CO 80216
      View Details
    • Contact for pricing
      18,955 SF

      Denver Industrial Property with Yard

      Industrial property in central Denver with fenced yard space.
      4755 Washington St, Denver, CO 80216
      View Details
    • $475,000
      2,023 SF

      Industrial Flex/Office/Warehouse Space

      Meticulously maintained industrial space near I-70 and I-270.
      4605 Quebec St, Denver, CO 80216
      View Details
    • $4,150,000
      16,460 SF

      Denver Industrial Building For Sale

      16,460 SF industrial building in sought-after Fox North neighborhood.
      4230 Elati St, Denver, CO 80216
      View Details
    • Contact for pricing
      62,160 SF

      Denver Industrial Warehouse Space

      Multi-tenant warehouse; 62,160-158,097 SF
      424-601W 56Th Ave, Denver, CO 80216
      View Details
    • $3,875,000
      25 SF

      Denver Industrial Property with I-70 Signage

      25,197 SF industrial property on 1.59 acres with I-70 signage.
      4455 E 46Th Ave, Denver, CO 80216
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      61,558 SF

      Denver Industrial Manufacturing Space

      61,558 SF Warehouse, Heavy Power
      4900 41St Ave, Denver, CO 80216
      View Details
    • $8 SF/Yr
      150,000 SF

      Denver Warehouse Space Available

      150,000 SF Warehouse, Multiple Tenants
      5200 Smith Rd, Denver, CO 80216
      View Details
    • Contact for pricing
      69,096 SF

      Denver Warehouse: 69,096 SF

      Large industrial warehouse, Denver, CO.
      301 60Th Pl, Denver, CO 80216
      View Details
    • Contact for pricing
      49,749 SF

      Industrial Space with Interstate Visibility

      49,749 SF Class A industrial space for lease.
      5725-5775 N Broadway, Denver, CO 80216
      View Details
    • $12 SF/Yr
      23,641 SF

      Prime Location Warehouse Space

      Class A warehouse with immediate highway access and tax incentives.
      200 E 55Th Ave, Denver, CO 80216
      View Details
    • $12 SF/Yr
      23,011 SF

      Industrial Warehouse with Yard For Rent

      23,011 SF warehouse with fenced yard, I-70 frontage.
      4751 Fox St, Denver, CO 80216
      View Details

    Property Visit Statistics

    • Visits by month
      7.0k
    • Visitors by month
      5.5k
    • Avg Time on site
      10 min
    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.
    5005 Washington St
    Denver, CO 80216
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.