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    5602 Nevada St Littleton, CO 80120-1116
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    Property profile & analytics

    5602 Nevada St, Littleton, CO 80120-1116

    View on Map
    • Retail space
    • 3,115 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Aug 1, 2022
    $645,000
    Property ID
    US13-0754326
    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
    $775,000
    Show details
    Cap Rate Potential
    8.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Five Wellbeing Spa / Alternative Medicine Practice / Spa & Massage Center
    • Connect Knowledge Network / IT Consulting Firm / (Bike/Boat/Book/etc) Store

    Property Details for 5602 Nevada St

    Year built
    1942
    Construction
    STEEL FRAME
    Lot size
    0.14 lot acres
    Property type
    Retail space
    APN
    2077-17-4-05-001
    APU
    207717405001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2022 — Wellbeing Strategies LLC Slingshot Properties LLC Quit Claim Deed · related —
    Apr 23, 2014 $645,000 Slingshot Properties LLC Nevada Street Office Suites Ll Grant Deed $631k · Betsy Abrams
    — — Nevada Street Office — Deed Of Trust · related $160k · Colorado Business Bank NA
    — — Nevada Street Office Suites — Deed Of Trust · related $380k · First National Bank Colorado

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $940,000
      6.5%
      $865,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,030,000
      Market price range: $414k - $1.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $675,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,080,000
      Change: +59% Conversion: Moderate
      MEDICAL BUILDING
      $925,000
      Change: +37% Conversion: Difficult
      WAREHOUSE, STORAGE
      $830,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $745,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.017
    Latitude
    39.6151
    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
    2021
    $31,137
    $0.00
    $0.00
    $267,282
    -
    $267,750
    $720,250
    $988,000

    Comparable in this City

    • Value Estimation
      $965,000
      12,000 SF

      1169 Littleton Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1169 Littleton Blvd, Littleton, CO 80120-2201
      View Details
    • Value Estimation by Request
      2,060 SF

      5612 Nevada St

      RETAIL STORES (PERSONAL SERVICES)
      5612 Nevada St, Littleton, CO 80120-1116
      View Details
    • Value Estimation
      $1,220,000
      9,798 SF

      2540 Main St

      RETAIL STORES (PERSONAL SERVICES)
      2540 Main St, Littleton, CO 80120-1913
      View Details
    • Value Estimation
      $915,000
      6,929 SF

      2489 Main St

      RETAIL STORES (PERSONAL SERVICES)
      2489 Main St, Littleton, CO 80120-1910
      View Details
    • Value Estimation by Request
      2,696 SF

      5661 Curtice St

      RETAIL STORES (PERSONAL SERVICES)
      5661 Curtice St, Littleton, CO 80120-1107
      View Details
    • Value Estimation by Request
      820 SF

      2675 Alamo Ave

      RETAIL STORES (PERSONAL SERVICES)
      2675 Alamo Ave, Littleton, CO 80120-1920
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime retail/office investment in a historic, high-visibility location.
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      Historic Downtown Littleton Live/Work Opportunity

      Unique live/work investment in historic downtown Littleton.
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      2,136 SF

      Live/Work Property With Parking

      Live/work property featuring retail space and a two-bedroom home.
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    • $330,000

      Littleton Liquor Mart Business Opportunity

      Business opportunity in Littleton, Colorado.
      40 W Littleton Blvd, Littleton, CO 80120
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      Retail Development Land Opportunity

      Rare infill retail development opportunity near Costco.
      700 W Mineral Ave, Littleton, CO 80120
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Littleton

      Retail space available for lease in Littleton, Colorado.
      100 W Littleton Blvd, Littleton, CO 80120
      View Details
    • Contact for pricing
      1,556 SF

      Retail Space Near High-Traffic Areas

      Retail space with high visibility and accessibility in Littleton, CO.
      151 W Mineral Ave, Littleton, CO 80120
      View Details
    • Contact for pricing
      5,469 SF

      Retail Space on Broadway

      Retail space available at Broadway and Mineral Avenue.
      91 West Mineral Ave, Littleton, CO 80120
      View Details
    • Contact for pricing

      Retail Space For Lease

      6,000 RSF retail suite available for lease.
      209 W Littleton Blvd, Littleton, CO 80120
      View Details
    • Contact for pricing

      Littleton Retail and Office Space

      Retail and office spaces available for lease in Littleton, CO.
      1500 W Littleton Blvd, Littleton, CO 80120
      View Details
    • Contact for pricing
      1,822 SF

      Retail Space Near High-Traffic Areas

      Retail space in a grocery-anchored shopping center with high visibility.
      181-191 W Mineral Ave, Littleton, CO 80120
      View Details
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    5602 Nevada St
    Littleton, CO 80120-1116
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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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