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    5524 Colfax Ave Denver, CO 80220-1412
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    Property profile & analytics

    5524 Colfax Ave, Denver, CO 80220-1412

    View on Map
    • Retail space
    • 3,240 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US13-2677276
    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
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Denver Upholstery / Furniture & Home Goods

    Property Details for 5524 Colfax Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Zone code
    U-MS-3
    Property type
    Retail space
    APN
    06061-01-026-000
    APU
    606101026000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2025 — Shops On The Fax LLC — Deed · related $358k · Champion Bank
    Dec 29, 2025 — Shops On The Fax LLC — Deed · related $368k · Champion Bank
    Aug 25, 2020 — Denver Upholstery & Design LLC — Deed · related $50k · Champion Bank
    May 27, 2020 — Shops On The Fax LLC — Deed · related $476k · Champion Bk
    Aug 27, 2013 $395,000 Shops On The Fax LLC Ullerich,russell S & Dustin J Warranty Deed $414k · Champion Bank
    Jul 19, 2012 — Russell S Ullerich Ullerich Gale P Quit Claim Deed · related —
    — — Shops On The Fax LLC — Loan Modification · related $230k · Champion Bank
    — — Shops On The Fax LLC — Deed Of Trust · related $192k · Denver Urban Economic Dev Corp
    — — Shops On The Fax LLC — Loan Modification · related $413k · Champion Bank
    — — Shops On The Fax LLC — Deed Of Trust · related $476k · Champion Bk
    — — Md7 Capital One LLC — Deed Of Trust · related $41k · Key Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $680,000
      7%
      $635,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,050,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $985,000
      Change: -6% 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
    39.7398
    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
    $19,608
    $252,770
    $280
    $253,050
    -
    $936,000
    $1,000
    $937,000

    Comparable in this City

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      3,600 SF

      1132 Yosemite St

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      0.04 Acres

      945 Albion St

      RETAIL STORES (PERSONAL SERVICES)
      945 Albion St, Denver, CO 80220-4969
      View Details
    • Value Estimation
      $4,130,000
      9,420 SF

      5575 3rd Ave

      RETAIL STORES (PERSONAL SERVICES)
      5575 3rd Ave, Denver, CO 80220-5878
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    • Value Estimation
      $1,060,000
      6,290 SF

      4118 8th Ave

      RETAIL STORES (PERSONAL SERVICES)
      4118 8th Ave, Denver, CO 80220-3702
      View Details
    • Value Estimation
      $2,060,000
      16,700 SF

      719 Quebec St

      RETAIL STORES (PERSONAL SERVICES)
      719 Quebec St, Denver, CO 80220-5546
      View Details
    • Value Estimation
      $1,405,000
      7,790 SF

      1141 Syracuse St

      RETAIL STORES (PERSONAL SERVICES)
      1141 Syracuse St, Denver, CO 80220-3222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,471 SF

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      4,471 SF commercial property with prominent frontage and flexible layout.
      5702 E Colfax Ave, Denver, CO 80220
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    • Contact for pricing

      Former Convenience Store on Colfax

      2,800 SF retail/office space with high visibility.
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      Prime commercial/light industrial development site in Broomfield, Colorado.
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    • $1,350,000

      Broomfield Commercial Development Site

      Prime corner lot suitable for various commercial and industrial uses.
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    • $730,000

      Colfax Avenue Retail Space Available

      Stand-alone retail space on Colfax with recent roof updates.
      8710 E Colfax Ave, Denver, CO 80220
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      3,481 SF

      Retail/Office Space on East Colfax

      Retail or office spaces with excellent visibility and accessibility.
      4535 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
      1,200 SF

      Retail Space in Denver Center

      1,200 SF retail space in King Soopers anchored center.
      1301-1305 Krameria St, Denver, CO 80220
      View Details
    • $18 SF/Yr

      Remodeled Retail/Office Space on Colfax

      Two-level, 2,310 SF suite with street-level exposure and upgraded finishes.
      5900 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing

      Remodeled Retail Space on Colfax

      3,803 SF retail space in Denver's Park Hill neighborhood.
      4609 E Colfax Ave, Denver, CO 80220
      View Details
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    5524 Colfax Ave
    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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