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    5997 Magnolia St Commerce City, CO 80022
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    5997 Magnolia St, Commerce City, CO 80022

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    • Commercial real estate
    • 2,800 SF
    • 0.39 lot acres
    For Sale
    $775,000
    View Listing →
    Commerce City Multifamily Investment Property For Sale
    $775,000
    3,111 SF

    Commerce City Multifamily Investment Property

    Well-maintained four-unit property with modern upgrades and strong rental income.

    5997 Magnolia St, Commerce City, CO 80022
    View Listing
    Property ID
    US13-0767544
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5997 Magnolia St

    Year built
    1942
    Lot size
    0.39 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional four-unit apartment building, located at 5997 Magnolia St, Commerce City, CO 80022, presents a compelling investment opportunity. Built in 1942, this 2,800 square foot property sits on a 0.39-acre lot and boasts a current NOI of $62,987, translating to a 6.43% cap rate. A pro-forma NOI of $74,187 projects a 7.57% cap rate, indicating significant potential for increased profitability. Each of the four units is priced at $245,000, with the entire property listed at $980,000 ($350 per square foot). Recent renovations include high-end finishes, in-unit washers and dryers, stainless steel appliances, new flooring, lighting, and cosmetic upgrades. Residents enjoy private fenced yards and ample parking. The property's prime location offers easy access to major roads and a short commute to Denver. This turnkey property is ideal for owner-occupancy or as a valuable addition to an existing portfolio. Note that this property is part of a larger portfolio sale that also includes 6680-6690 E 63rd Pl

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.91165666548
    Latitude
    39.805634686222

    Comparable in this City

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      14,184 SF

      6651 E 63rd Pl, Commerce City, CO 80022

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      3,111 SF

      Commerce City Multifamily Investment Property

      Well-maintained four-unit property with modern upgrades and strong rental income.
      5997 Magnolia St, Commerce City, CO 80022
      View Details
    • $775,000

      Commerce City Multifamily Investment Property

      Four-unit property with modern upgrades and strong rental income.
      5997 Magnolia St, Commerce City, CO 80022
      View Details
    • $2,795,000

      Three 4-Plexes with Strong Rental History

      Three individually deeded 4-plexes with a 7.69% CAP rate.
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      Commerce City Equestrian Estate

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      3,200 SF

      Equestrian Estate with Mountain Views

      67-acre Commerce City property with stables, barns, and residence.
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    Similar Nearby for Sale

    • Contact for pricing
      14,184 SF

      6651 E 63rd Pl, Commerce City, CO 80022

      Apartment buildings
      6651 E 63Rd Pl, Commerce City, CO 80022
      View Details
    • Contact for pricing
      3,111 SF

      Commerce City Multifamily Investment Property

      Well-maintained four-unit property with modern upgrades and strong rental income.
      5997 Magnolia St, Commerce City, CO 80022
      View Details
    • $775,000

      Commerce City Multifamily Investment Property

      Four-unit property with modern upgrades and strong rental income.
      5997 Magnolia St, Commerce City, CO 80022
      View Details
    • $2,795,000

      Three 4-Plexes with Strong Rental History

      Three individually deeded 4-plexes with a 7.69% CAP rate.
      6651 E 63Rd Pl, Commerce City, CO 80022
      View Details
    • $1,500,000
      3,200 SF

      Commerce City Equestrian Estate

      67-acre property with stables, barndominium, and mountain views.
      13400 Harvest Rd, Commerce City, CO 80022
      View Details
    • Contact for pricing
      3,200 SF

      Equestrian Estate with Mountain Views

      67-acre Commerce City property with stables, barns, and residence.
      13400 Harvest Rd, Commerce City, CO 80022
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commerce City Retail/Office Space

      Retail and office spaces available for lease in Commerce City.
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      Commerce City Commercial Space

      Commercial space available for lease in Commerce City, Colorado.
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      Distribution Space Near I-70/I-270

      Distribution space with easy access to I-70 and I-270.
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      10,416 SF

      Warehouse with Extensive Loading Docks

      10,416 SF warehouse on 7.23 AC with 20 docks.
      6880 E 56Th Ave, Commerce City, CO 80022
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      101,168 SF

      New Industrial Distribution Center

      Class A warehouse near Denver International Airport available for lease.
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      8,842 SF

      Commerce City Distribution Space Available

      Distribution space with easy highway access and ample parking.
      6185 E 56Th Ave, Commerce City, CO 80022
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    View Listing
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    Commerce City, CO 80022
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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.

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