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

    550 62nd Ave Denver, CO 80216-1018

    • Commercial land
    • 7,150 SF
    • 1.23 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2020
    $2,100,000
    Value Estimations
    $2,160,000
    Show details
    Cap Rate Potential
    4.5%
    Commercial land
    Location Intelligence
    Property ID
    US13-0328398
    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

    • Commercial land

    Property Details for 550 62nd Ave

    Year built
    1995
    Lot size
    1.23 lot acres
    Property size
    7,150 SF
    Property type
    Commercial land
    APN
    R0103484
    APU
    R0103484

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,220,000
      ML approach
      $2,215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,680,000
      6.5%
      $1,550,000
      7%
      $1,440,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,925,000
      AUTO REPAIR, GARAGE
      $2,865,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,320,000
      RETAIL STORES
      $2,300,000
      MEDICAL BUILDING
      $2,170,000
      OFFICE BUILDING
      $1,830,000
      APARTMENT HOUSE (5+ UNITS)
      $1,735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -104.994
    Latitude
    39.8088
    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
    $14,400
    $134,540
    $0.00
    $134,540
    -
    $482,209
    $0.00
    $482,209

    Comparable in this City

    • Value Estimation by Request
      2.69 Acres

      4580 Newport St

      VACANT COMMERCIAL LAND • 2.69 Acres
      4580 Newport St, Denver, CO 80216
      View Details
    • Value Estimation by Request
      0.07 Acres

      5811 Broadway

      VACANT COMMERCIAL LAND • 0.07 Acres
      5811 Broadway, Denver, CO 80216-1024
      View Details
    • Value Estimation by Request
      1.35 Acres

      Commerce City, CO 80216

      VACANT COMMERCIAL LAND • 1.35 Acres
      Commerce City, CO 80216
      View Details
    • Value Estimation by Request
      0.34 Acres

      Denver, CO 80216

      VACANT COMMERCIAL LAND • 0.34 Acres
      Denver, CO 80216
      View Details
    • Value Estimation by Request
      11.18 Acres

      525 58th Ave

      VACANT COMMERCIAL LAND • 11.18 Acres
      525 58th Ave, Denver, CO 80216-1414
      View Details
    • Value Estimation by Request
      1.00 Acre

      680 62nd Ave

      VACANT COMMERCIAL LAND • 1.00 Acre
      680 62nd Ave, Denver, CO 80216
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      RiNo Land Opportunity

      40,000 SF land in the heart of RiNo.
      3537-3606 Delgany St, Denver, CO 80216
      View Details
    • $200,000

      Buildable Lot Zoned for Duplex

      Buildable lot zoned for duplex, generating income as parking lot.
      4774 Vine St, Denver, CO 80216
      View Details
    • $296,189

      Development Lot Near Stock Show

      48,445 SF development lot near new park.
      5107 Emerson St, Denver, CO 80216
      View Details
    • Contact for pricing

      Corner Parcel Redevelopment Opportunity

      29,392 SF corner parcel near I-70 and Stockshow.
      4300-4334 York St, Denver, CO 80216
      View Details
    • Contact for pricing
      67,901 SF

      Development Opportunity in Elyria-Swansea

      Over 3 acres in developing Elyria-Swansea area, ideal for development.
      4757 Vasquez Blvd, Denver, CO 80216
      View Details
    • $1,865,000

      Corner Parcel Redevelopment Opportunity

      29,392 SF corner parcel near I-70, ideal for redevelopment.
      43 43Rd Ave, Denver, CO 80216
      View Details

    Similar Nearby for Lease

    • $5,520 /Mo
      1,100 SF

      Denver Flex Space with Yard

      Flex space with office, storage, and large fenced yard.
      4145 Jackson St, Denver, CO 80216
      View Details
    • Contact for pricing

      Fenced Storage Lot in Denver

      Secure fenced storage lots for rent in Downtown Denver.
      4328 Delaware St, Denver, CO 80216
      View Details
    • Contact for pricing

      Industrial Land with Storage Yard

      8.86 acres industrial land with 5.5 acres storage yard.
      301 W 60Th Pl, Denver, CO 80216
      View Details
    • Contact for pricing

      Land For Rent

      Single tenant land available for rent, 1 acre.
      6040 Washington St, Denver, CO 80216
      View Details
    • Contact for pricing

      CO, Denver- W 48th Ave

      Discover many ways to work your way in Fort Washington
      400 48Th Ave, Denver, CO 80216
      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.
    550 62nd Ave
    Denver, CO 80216-1018
    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!