Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5605 56th Ave Commerce City, CO 80022-3936

    • Grocery and convenience stores
    • 6,141 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2022
    $2,640,000
    Value Estimations
    $2,385,000
    Show details
    Cap Rate Potential
    3.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US13-2266430
    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

    • Grocery and convenience stores

    Property Details for 5605 56th Ave

    Year built
    2017
    Lot size
    1.00 lot acres
    Property size
    6,141 SF
    Property type
    Grocery and convenience stores
    APN
    R0191872
    APU
    R0191872

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,385,000
      ML approach
      $2,465,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,995,000
      Current use
      RESTAURANT
      $2,510,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,095,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $1,975,000
      Change: -1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,910,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $1,865,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.922
    Latitude
    39.7988
    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
    $65,701
    $164,070
    $566,920
    $730,990
    -
    $588,047
    $2,031,954
    $2,620,001

    Comparable in this City

    • Value Estimation
      $3,900,000
      5,360 SF

      7710 Brighton Rd

      CONVENIENCE STORE • 5,360 SF
      7710 Brighton Rd, Commerce City, CO 80022-1573
      View Details
    • Value Estimation
      $1,695,000
      1,242 SF

      8799 Brighton Rd

      CONVENIENCE STORE • 1,242 SF
      8799 Brighton Rd, Commerce City, CO 80022
      View Details
    • Value Estimation
      $410,000
      7,200 SF

      5601 Quebec St

      CONVENIENCE STORE • 7,200 SF
      5601 Quebec St, Commerce City, CO 80022-4820
      View Details
    • Value Estimation
      $505,000
      3,000 SF

      15610 104th Ave

      CONVENIENCE STORE • 3,000 SF
      15610 104th Ave, Commerce City, CO 80022-9710
      View Details
    • Value Estimation
      $465,000
      3,406 SF

      6966 Brighton Blvd

      CONVENIENCE STORE • 3,406 SF
      6966 Brighton Blvd, Commerce City, CO 80022
      View Details
    • Value Estimation
      $310,000
      2,400 SF

      7275 72nd Ave

      CONVENIENCE STORE • 2,400 SF
      7275 72nd Ave, Commerce City, CO 80022-2111
      View Details

    Similar Nearby for Sale

    • $1,850,000
      7,903 SF

      Commerce City Retail Storefront

      7,903 SF freestanding retail building
      6071 72Nd Ave, Commerce City, CO 80022
      View Details
    • $1,850,000
      7,903 SF

      Retail Property in Commerce City

      Retail property with established tenant, ideal for investors/owner-users.
      5983 E 72Nd Ave, Commerce City, CO 80022
      View Details
    • $2,440,000
      4,720 SF

      Retail Building in Commerce City

      4,720 SF retail building in the Northeast Submarket.
      12302 E 104Th Pl, Commerce City, CO 80022
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near Major Highways

      Retail spaces with quick access to highways and DIA.
      10430 Chambers Rd, Commerce City, CO 80022
      View Details
    • $950,000
      6,500 SF

      Retail Building on 1.04 Acres

      Retail building in Commerce City, Northeast Submarket, on 1.04 acres.
      7576 Highway 2, Commerce City, CO 80022
      View Details
    • Contact for pricing
      5,600 SF

      Commerce City Industrial Property For Sale

      5,600 SF industrial property on 1.88 acres for sale.
      5352 Dahlia St, Commerce City, CO 80022
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,965 SF

      Retail Space in Community Center

      Retail spaces available in a high-traffic community center.
      6025 Parkway Dr, Commerce City, CO 80022
      View Details
    • Contact for pricing
      2,808 SF

      Retail Space on Vasquez Boulevard

      Retail space with excellent access and visibility available for rent.
      5984 Dahlia St, Commerce City, CO 80022
      View Details
    • $3,000 /Mo

      Versatile Industrial Showroom For Lease

      1,606 SF industrial showroom with flexible layout and convenient access.
      6308 E 72Nd Ave, Commerce City, CO 80022
      View Details
    • $34 SF/Yr
      2,142 SF

      New Retail Space with Patio

      Modern retail space with patio in North Range Town Center.
      15550 E 103Rd Pl, Commerce City, CO 80022
      View Details
    • $32 SF/Yr
      4,000 SF

      Retail Space in North Range

      4,000 SF retail space available Q3/Q4 2026.
      15410 E 103Rd Pl, Commerce City, CO 80022
      View Details
    • Contact for pricing
      1,876 SF

      Restaurant/Retail Space in Denver, CO

      1,876 SF restaurant/retail space available for lease.
      4882 S Newport St, Denver, CO 80022
      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.
    5605 56th Ave
    Commerce City, CO 80022-3936
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.