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    Property profile & analytics

    5405 33rd Ave Denver, CO 80207-2025

    • Office buildings
    • 2,831 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2024
    $900,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US13-0909392
    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

    • Impact Empowerment Group / Non-Profit Organization
    • IEG Inc / Non-Profit Organization

    Property Details for 5405 33rd Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    2,831 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    01301-12-003-000
    APU
    130112003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $900,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $735,000
      6.5%
      $680,000
      7%
      $630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.924
    Latitude
    39.7641
    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
    $0.00
    $71,980
    $46,820
    $118,800
    -
    $288,000
    $167,800
    $455,800

    Comparable in this City

    • Value Estimation
      $350,000
      3,934 SF

      5961 38th Ave

      OFFICE BUILDING • 3,934 SF
      5961 38th Ave, Denver, CO 80207-1252
      View Details
    • Value Estimation
      $945,000
      40,636 SF

      3980 Quebec St

      OFFICE BUILDING • 40,636 SF
      3980 Quebec St, Denver, CO 80207-1633
      View Details
    • Value Estimation
      $320,000
      2,116 SF

      6100 23rd Ave

      OFFICE BUILDING • 2,116 SF
      6100 23rd Ave, Denver, CO 80207-3431
      View Details
    • Value Estimation
      $310,000
      1,878 SF

      4919 38th Ave

      OFFICE BUILDING • 1,878 SF
      4919 38th Ave, Denver, CO 80207-1007
      View Details
    • Value Estimation
      $295,000
      2,848 SF

      6880 Smith Rd

      OFFICE BUILDING • 2,848 SF
      6880 Smith Rd, Denver, CO 80207-1513
      View Details
    • Value Estimation
      $365,000
      8,000 SF

      6767 39th Ave

      OFFICE BUILDING • 8,000 SF
      6767 39th Ave, Denver, CO 80207-1446
      View Details

    Similar Nearby for Sale

    • $2,550,000
      40,000 SF

      Denver Office Building For Sale

      Office building in Denver, ideal for investors or owner-users.
      3980 Quebec St, Denver, CO 80207
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    • Contact for pricing
      12,637 SF

      Versatile Warehouse with Redevelopment Potential

      Warehouse with I-MX-3 zoning, suitable for diverse uses.
      5105 E 38Th Ave, Denver, CO 80207
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    • $350,000

      Prime Denver Lot Available

      Denver lot ideal for investors or future homeowners.
      3601 Grape St, Denver, CO 80207
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    • $350,000

      Denver Land Parcel For Sale

      Prime Denver lot, great for investment or development.
      3611 Grape St, Denver, CO 80207
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    • $140,000

      Land For Sale

      Land available for sale.
      2210 Kearney St, Denver, CO 80207
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    • Contact for pricing
      34 SF

      Decommissioned Industrial Building for Sale

      34,022 SF industrial building, ready for new operator or condo.
      5395 E 39Th Ave, Denver, CO 80207
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      6,249 SF

      Denver Office Space for Lease

      Flexible Offices in Denver, CO
      3401 Quebec St, Denver, CO 80207
      View Details
    • $14 SF/Yr
      3,630 SF

      Well-Maintained Office Space Available

      Office space with private offices, conference room, and free parking.
      2020 S Oneida St, Denver, CO 80207
      View Details
    • $8 SF/Yr
      20,330 SF

      Industrial Property with Fenced Yard

      20,330 SF industrial property with office and warehouse space.
      6035 East 38Th Ave, Denver, CO 80207
      View Details
    • $750 /Mo
      351 SF

      Affordable Office Space For Lease

      Office suites available for lease with utilities included.
      6767 E 39Th Ave, Denver, CO 80207
      View Details
    • $12 SF/Yr
      16,770 SF

      Office/Warehouse Near I-70

      Well-located office/warehouse with dock and drive-in loading, near I-70.
      3931 Holly St, Denver, CO 80207
      View Details
    • Contact for pricing
      114,325 SF

      Class A Industrial Space

      New industrial space with highway frontage and easy access.
      9575 East 40Th Ave, Denver, CO 80207
      View Details
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    5405 33rd Ave
    Denver, CO 80207-2025
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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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