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    600 Colfax Ave Denver, CO 80203-2020
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Colfax Ave Denver, CO 80203-2020

    View on Map
    • Retail space
    • 10,904 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US13-0802531
    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
    $1,595,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drag Bingo Denver - Drag Queen Bingo USA / Theater & Performing Art Venue / Music Venue
    • Cetio / Event Planning / Wedding Service
    • Fresenius Kidney Care Rocky Mountain / Medical Clinic
    • HunkOMania Male Strippers & Male Revue Show / Nightclub / Bar & Pub

    Property Details for 600 Colfax Ave

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    0.29 lot acres
    Property size
    10,904 SF
    Zone code
    C-MS-8
    Property type
    Retail space
    APN
    05031-02-001-000
    APU
    503102001000

    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
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.98
    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
    $55,258
    $514,760
    $116,150
    $630,910
    -
    $1,875,000
    $416,300
    $2,291,300

    Comparable in this City

    • Value Estimation
      $620,000
      3,847 SF

      500 Grant St

      RETAIL STORES (PERSONAL SERVICES) • 3,847 SF
      500 Grant St, Denver, CO 80203-4419
      View Details
    • Value Estimation by Request
      1,307 SF

      975 Lincoln St, Unit C1FNT

      RETAIL STORES (PERSONAL SERVICES) • 1,307 SF
      975 Lincoln St, Denver, CO 80203-2725
      View Details
    • Value Estimation
      $1,195,000
      5,666 SF

      726 Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 5,666 SF
      726 Lincoln St, Denver, CO 80203-3416
      View Details
    • Value Estimation
      $4,100,000
      28,915 SF

      499 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 28,915 SF
      499 Broadway, Denver, CO 80203-3403
      View Details
    • Value Estimation
      $2,305,000
      10,383 SF

      460 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 10,383 SF
      460 Broadway, Denver, CO 80203-3404
      View Details
    • Value Estimation
      $1,830,000
      10,482 SF

      1278 Pennsylvania St

      RETAIL STORES (PERSONAL SERVICES) • 10,482 SF
      1278 Pennsylvania St, Denver, CO 80203-2506
      View Details

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      Retail space with excellent visibility and patio in Uptown.
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      Denver Retail Investment Opportunity

      Rare, fully leased retail property in Capitol Hill neighborhood.
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      48,023 SF

      Denver Mixed-Use Redevelopment Opportunity

      48,000+ sq ft property ideal for redevelopment or adaptive reuse.
      531 N Broadway, Denver, CO 80203
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    Similar Nearby for Lease

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      Retail Space South Broadway Corridor

      Retail endcap in a highly sought-after location with parking.
      570-582 S Broadway, Denver, CO 80203
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    • $33 SF/Yr

      Retail Space in Capitol Hill/Uptown

      Retail spaces available in a mixed-use Denver property.
      1350 N Grant St, Denver, CO 80203
      View Details
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      1,828 SF

      Retail Space in West Wash

      Retail space available in energetic West Wash Park neighborhood.
      373-375 S Pearl St, Denver, CO 80203
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      Broadway Retail Space For Rent

      Street-level retail space in Denver's historic Baker Neighborhood.
      1 Broadway, Denver, CO 80203
      View Details
    • $24 SF/Yr
      1,479 SF

      Retail Space in Denver

      Retail space available for lease in Denver, Colorado.
      700 E 1St Ave, Denver, CO 80203
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    • Contact for pricing

      Retail Space on Lincoln Street

      Retail space with great visibility on Lincoln Street.
      925 Lincoln St, Denver, CO 80203
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      2.1k
    • Avg Time on site
      28 min
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    600 Colfax Ave
    Denver, CO 80203-2020
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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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