Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    600 Santa Fe Dr Denver, CO 80223-2403

    • Auto shops
    • 3,528 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0801925
    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

    • Rocky Mountain Air Solutions / Industrial Gas Supplier / Gas Company
    • Larson Lab Supply / Gas Company

    Property Details for 600 Santa Fe Dr

    Year built
    1975
    Construction
    WOOD
    Lot size
    1.04 lot acres
    Property size
    3,528 SF
    Zone code
    S-MX-12
    Property type
    Auto shops
    APN
    05153-00-027-000
    APU
    515300027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $732,000
      Market price range: $203k - $733k

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.994
    Latitude
    39.7054
    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
    $31,271
    $403,290
    $280
    $403,570
    -
    $1,475,500
    $1,000
    $1,476,500

    Comparable in this City

    • Value Estimation
      $305,000
      3,549 SF

      201 Navajo St

      AUTO REPAIR, GARAGE • 3,549 SF
      201 Navajo St, Denver, CO 80223-1740
      View Details
    • Value Estimation
      $470,000
      11,035 SF

      36 Santa Fe Dr

      AUTO REPAIR, GARAGE • 11,035 SF
      36 Santa Fe Dr, Denver, CO 80223-1614
      View Details
    • Value Estimation
      $285,000
      1,400 SF

      1190 Virginia Ave

      AUTO REPAIR, GARAGE • 1,400 SF
      1190 Virginia Ave, Denver, CO 80223-2026
      View Details
    • Value Estimation
      $435,000
      12,296 SF

      1881 Evans Ave

      AUTO REPAIR, GARAGE • 12,296 SF
      1881 Evans Ave, Denver, CO 80223-3814
      View Details
    • Value Estimation
      $940,000
      5,402 SF

      2200 Lipan St

      AUTO REPAIR, GARAGE • 5,402 SF
      2200 Lipan St, Denver, CO 80223-4014
      View Details
    • Value Estimation
      $3,865,000
      12,500 SF

      931 Evans Ave

      AUTO REPAIR, GARAGE • 12,500 SF
      931 Evans Ave, Denver, CO 80223-4018
      View Details

    Similar Nearby for Sale

    • $1,800,000
      7,488 SF

      Denver Restaurant - Prime Location

      Turnkey Restaurant, High Cap Rate, 7,488 SF
      1750 Mississippi Ave, Denver, CO 80223
      View Details
    • Contact for pricing
      4,540 SF

      Denver QSR Investment Opportunity

      10-Station Kitchen, High Occupancy, 6% Cap Rate
      1468 Cherokee St, Denver, CO 80223
      View Details
    • $2,800,000
      10,270 SF

      Santa Fe Drive Retail Center

      Denver Shopping Center - 100% Occupied
      1450 Santa Fe Dr, Denver, CO 80223
      View Details
    • $600,000
      2,080 SF

      Showroom with Executive Office Space

      Two-story property with showroom, office, and storage space.
      153-157 Kalamath St, Denver, CO 80223
      View Details
    • $2,000,000
      8,432 SF

      Denver Commercial Kitchen Opportunity

      Commercial kitchen/food production facility with new, state-of-the-art features.
      1201 W Custer Pl, Denver, CO 80223
      View Details
    • $795,000
      2,500 SF

      Denver Office/Warehouse for Sale

      Remodeled office/showroom near downtown Denver and Cherry Creek.
      1351 W Alameda Ave, Denver, CO 80223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Building with Fenced Parking

      1,800 SF retail building with 7,000 SF fenced parking.
      2741 W Alameda Ave, Denver, CO 80223
      View Details
    • $15 SF/Yr
      8,496 SF

      Santa Fe Drive Retail/Showroom Space

      8,496 SF retail/showroom with warehouse space on Santa Fe Drive.
      2555 S Santa Fe Dr, Denver, CO 80223
      View Details
    • Contact for pricing
      1,479 SF

      Neighborhood Shopping Center Space Available

      Retail space in King Soopers anchored shopping center.
      992 S 4Th Ave, Brighton, CO 80223
      View Details
    • Contact for pricing
      19,252 SF

      Functional Showroom/Warehouse Space Available

      Showroom/warehouse space with retail visibility and excellent access.
      2070 S Pecos St, Denver, CO 80223
      View Details
    • Contact for pricing
      5,610 SF

      Luxury Showroom Space in Denver

      High-end showroom space with mountain and city views.
      590 Quivas St, Denver, CO 80223
      View Details
    • $40 SF/Yr
      3,455 SF

      Retail Space Available For Rent

      Retail space available for lease in Denver, Colorado.
      1394 South Acoma St, Denver, CO 80223
      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.
    600 Santa Fe Dr
    Denver, CO 80223-2403
    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.