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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5505 20th Ave Edgewater, CO 80214-1265

    • Strip malls
    • 49,196 SF
    • 6.25 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2024
    $25,500,000
    Value Estimations
    $25,500,000
    Show details
    Cap Rate Potential
    2.8%
    Strip malls
    Location Intelligence
    Property ID
    US13-0020642
    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

    • Barquentine Brewing Company / Brewery
    • True Grit Showroom & Grooming Lounge / Barber Shop
    • Meta Burger / Vegan Restaurant / Hamburger Restaurant
    • Lazo Empanadas Edgewater - Store #3 / Fresh Food Market / Lunch Restaurant
    • Edgewater Public Market / Food Court / Market

    Property Details for 5505 20th Ave

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    6.25 lot acres
    Property size
    49,196 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    39-361-18-030
    APU
    3936118030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,500,000
      ML approach
      $25,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,213,000
      Market price range: $8.69M - $24.8M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $15,965,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $20,680,000
      Change: +30% Conversion: Difficult
      RESTAURANT
      $20,120,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $19,705,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $15,925,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.057
    Latitude
    39.7486
    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
    $338,121
    $949,821
    $3,013,570
    $3,963,391
    -
    $3,404,375
    $10,831,325
    $14,235,700

    Comparable in this City

    • Value Estimation
      $9,100,000
      79,510 SF

      1725 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER • 79,510 SF
      1725 Sheridan Blvd, Edgewater, CO 80214-1323
      View Details
    • Value Estimation
      $3,730,000
      20,352 SF

      708 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER • 20,352 SF
      708 Sheridan Blvd, Denver, CO 80214-3002
      View Details
    • Value Estimation
      $1,415,000
      8,284 SF

      7355 Colfax Ave

      SHOPPING CENTER, STRIP CENTER • 8,284 SF
      7355 Colfax Ave, Lakewood, CO 80214-5407
      View Details
    • Value Estimation
      $1,965,000
      16,965 SF

      6579 Colfax Ave

      SHOPPING CENTER, STRIP CENTER • 16,965 SF
      6579 Colfax Ave, Lakewood, CO 80214-1803
      View Details
    • Value Estimation
      $1,715,000
      14,800 SF

      6553 Colfax Ave

      SHOPPING CENTER, STRIP CENTER • 14,800 SF
      6553 Colfax Ave, Denver, CO 80214
      View Details
    • Value Estimation
      $4,245,000
      30,150 SF

      1931 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER • 30,150 SF
      1931 Sheridan Blvd, Edgewater, CO 80214-1316
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Prime Corner Lot for Development

      Corner lot suitable for retail pads or multi-family development.
      829 Wadsworth Blvd, Denver, CO 80214
      View Details
    • $1,325,000
      4,791 SF

      Wheat Ridge Mixed-Use Property

      Mixed-use property with retail and residential units in Wheat Ridge.
      5500 W 29Th Ave, Denver, CO 80214
      View Details
    • $3,490,000
      16,320 SF

      Lakewood Storefront - $3.49M

      High-visibility retail space, 16,320 SF.
      8101 Colfax Ave, Lakewood, CO 80214
      View Details
    • $1,650,000
      5,550 SF

      Lakewood Mixed-Use Investment

      High-yield, multi-use property in Lakewood.
      5530 Colfax Ave, Lakewood, CO 80214
      View Details
    • $5,400,000

      Retail Space with Motorcycle Dealership

      NNN leased retail space with established motorcycle dealership.
      1435 Wadsworth Blvd, Denver, CO 80214
      View Details
    • $1,695,000
      3,672 SF

      Edgewater Auto Repair Shop

      Established business, prime location.
      5208 26 Ave, Edgewater, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,030 SF

      Retail Space Near King Soopers

      Retail spaces with high visibility near Hampden Ave and Sheridan Blvd.
      3100 Sheridan Blvd, Denver, CO 80214
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Wheat Ridge

      Retail space available in shopping center anchored by Safeway.
      3830-3900 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • Contact for pricing
      1,315 SF

      Retail Space Anchored by Safeway

      Retail space in Wheat Ridge, anchored by Safeway.
      3910-3928 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • Contact for pricing
      144,553 SF

      Edgewater Marketplace Retail Space

      High-traffic retail space, 1,120 sq ft available.
      0 17 Ave, Edgewater, CO 80214
      View Details
    • $14 SF/Yr
      8,401 SF

      Lakewood Retail Space Available

      Three retail spaces, 1,571-2,896 sq ft
      7310 Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      14,175 SF

      Retail Space on Colfax Avenue

      Retail property available for lease on East Colfax Avenue.
      6200 E Colfax Ave, Denver, CO 80214
      View Details
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    5505 20th Ave
    Edgewater, CO 80214-1265
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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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