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    5500 Colfax Ave Denver, CO 80220-1412
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    Property profile & analytics

    5500 Colfax Ave, Denver, CO 80220-1412

    View on Map
    • Motels
    • 8,157 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Jun 27, 2022
    $1,820,000
    Property ID
    US13-0666686
    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.
    Value Estimations
    $1,715,000
    Show details
    Cap Rate Potential
    3.7%
    Motels
    Location Intelligence

    Current Use by Public Records

    • La Vista Motel / Hotel & Motel
    • SameDay-FlowerDelivery / Florist / Wedding Service

    Property Details for 5500 Colfax Ave

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Zone code
    U-MS-3
    Property type
    Motels
    APN
    06061-01-001-000
    APU
    606101001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 21, 2024 — La Vista Denver LLC — Deed · related $3M · First Oklahoma Bank
    Jun 27, 2022 $1,820,000 La Vista Denver LLC Kim Sebastian Special Warranty Deed $1.2M · Midfirst Bank
    Sep 29, 2006 $760,000 Kim Sebastian Charles Shirley Warranty Deed $410k · Commerce Bank
    Aug 2, 2004 — Charles Shirley Kim,young A Grant Deed · related —
    — — Young A Kim — Deed Of Trust · related $465k · First American State Bank
    — — Sebastian Kim — Deed Of Trust · related $300k · Commerce Bank NA
    — — Young A Kim — Deed Of Trust · related $100k · Individual
    — — Motel La Vista — Deed Of Trust · related $465k · Shirley H
    — — Young A Kim — Deed Of Trust · related $100k · Kitong Allison
    — — Young A Kim — Deed Of Trust · related $100k · Charles & Cho Shirley

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,577,000
      Market price range: $1.26M - $3.16M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,970,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,645,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,640,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $2,625,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $2,475,000
      Change: +26% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,190,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.923
    Latitude
    39.7399
    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
    $23,703
    $200,880
    $105,020
    $305,900
    -
    $750,000
    $376,400
    $1,126,400

    Comparable in this City

    • Value Estimation
      $2,475,000
      13,953 SF

      1525 Valentia St

      MOTEL
      1525 Valentia St, Denver, CO 80220-2123
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    • Value Estimation
      $995,000
      12,410 SF

      1443 1st St

      MOTEL
      1443 1st St, Denver, CO 80220-2948
      View Details
    • Value Estimation
      $1,255,000
      7,088 SF

      8282 Colfax Ave

      MOTEL
      8282 Colfax Ave, Denver, CO 80220-2110
      View Details
    • Value Estimation
      $565,000
      7,004 SF

      8787 Colfax Ave

      MOTEL
      8787 Colfax Ave, Denver, CO 80220-2233
      View Details
    • Value Estimation
      $720,000
      8,150 SF

      8415 Colfax Ave

      MOTEL
      8415 Colfax Ave, Denver, CO 80220-2112
      View Details
    • Value Estimation
      $1,000,000
      6,686 SF

      8607 Colfax Ave

      MOTEL
      8607 Colfax Ave, Denver, CO 80220-2203
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Hotel/Motel with redevelopment potential on the East Colfax corridor.
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      Denver Land Deal Opportunity

      Prime Denver land, ideal for investors or builders.
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      Denver Multifamily Investment Opportunity

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      Vacant Lot Ready for Construction

      Vacant lot zoned for single-family residence construction.
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      Denver Land Near Medical Campus

      6,250 sq ft lot near UC Health Anschutz campus.
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    Similar Nearby for Lease

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      Restaurant Space with Patio

      Restaurant space with covered patio in Mayfair neighborhood.
      5001 E Colfax Ave, Denver, CO 80220
      View Details
    • $18 SF/Yr
      3,853 SF

      Versatile Flex Building with Fenced Yard

      Freestanding flex building suitable for office, industrial, and retail uses.
      4347 E Colfax Ave, Denver, CO 80220
      View Details
    • $18 SF/Yr

      Freestanding Flex Building For Lease

      Freestanding flex building with fenced yard for office/industrial/retail uses.
      4347 E Colfax Ave, Denver, CO 80220
      View Details
    • $2,000 /Mo

      Retail Space on Colfax Avenue

      Multi-tenant retail building with high visibility and foot traffic.
      5600 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing
      3,233 SF

      Restaurant/Retail Space on Colfax

      Turnkey restaurant/retail space on busy East Colfax in Denver.
      1490 Eudora St, Denver, CO 80220
      View Details
    • Contact for pricing
      16,000 SF

      Retail Sublease Available

      Retail space available for sublease through March 31, 2030.
      9th Ave Colorado Blvd, Denver, CO 80220
      View Details
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    Denver, CO 80220-1412
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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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