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

    611 17th Ave Denver, CO 80203-1628

    • Commercial real estate
    • 1,134 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1209354
    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

    • Commercial real estate

    Property Details for 611 17th Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,134 SF
    Zone code
    C-MS-8
    Property type
    Commercial real estate
    APN
    02349-14-013-000
    APU
    234914013000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.98
    Latitude
    39.7434
    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
    $27,215
    $349,810
    $1,420
    $351,230
    -
    $1,253,800
    $5,100
    $1,258,900

    Comparable in this City

    • Value Estimation
      $7,880,000
      40,717 SF

      1603 Sherman St

      COMMERCIAL (GENERAL) • 40,717 SF
      1603 Sherman St, Denver, CO 80203-1603
      View Details
    • Value Estimation
      $6,785,000
      49,464 SF

      1066 Grant St

      COMMERCIAL (GENERAL) • 49,464 SF
      1066 Grant St, Denver, CO 80203
      View Details
    • Value Estimation by Request

      600 Grant St Ste, Unit 650

      COMMERCIAL (GENERAL)
      600 Grant St Ste, Denver, CO 80203-3527
      View Details
    • Value Estimation by Request

      1295 Sherman St

      COMMERCIAL (GENERAL)
      1295 Sherman St, Denver, CO 80203-2747
      View Details
    • Value Estimation
      $30,000,000
      59,083 SF

      820 Sherman St

      COMMERCIAL (GENERAL) • 59,083 SF
      820 Sherman St, Denver, CO 80203-2973
      View Details
    • Value Estimation
      $11,560,000
      119,037 SF

      1135 Broadway

      COMMERCIAL (GENERAL) • 119,037 SF
      1135 Broadway, Denver, CO 80203-2106
      View Details

    Similar Nearby for Sale

    • $1,600,000
      6,390 SF

      Brind Mansion: Historic Denver Office

      Elegant 6,390 SF office building, Capitol Hill.
      1000 Logan St, Denver, CO 80203
      View Details
    • $2,600,000
      9,168 SF

      Brind Mansion: Executive Office Space

      Denver Executive Office, $2.6M
      825 Logan St, Denver, CO 80203
      View Details
    • Contact for pricing
      40,000 SF

      Denver Office Building - 40,000 SF

      Prime Denver Office Space, 40,000 sq ft.
      1390 Logan St, Denver, CO 80203
      View Details
    • $1,400,000
      5,151 SF

      Capitol Hill Multifamily Investment Opportunity

      8-unit building in Denver's vibrant Capitol Hill neighborhood.
      1270 Logan St, Denver, CO 80203
      View Details
    • $2,368,135
      5,950 SF

      Denver Multifamily Property For Sale

      Multifamily property in Denver, contact broker for details.
      21 Logan St, Denver, CO 80203
      View Details
    • Contact for pricing
      11,200 SF

      Denver Office Building For Sale

      Office building with 11,200 square feet available for purchase.
      1205 N Washington St, Denver, CO 80203
      View Details

    Similar Nearby for Lease

    • $71 SF/Yr
      760 SF

      Capitol Hill Warehouse Opportunity

      Denver Warehouse: 760 SF, 12,500 SF Lot
      391 Grant St, Denver, CO 80203
      View Details
    • Contact for pricing
      12,454 SF

      Grant Street Office Space Available

      Office space for lease at 777 Grant St, Denver.
      777 Grant St, Denver, CO 80203
      View Details
    • $21 SF/Yr
      1,997 SF

      Move-in Ready Office Suites Available

      Varied sizes, shared amenities, on-site parking, and property management.
      1900 Grant St, Denver, CO 80203
      View Details
    • Contact for pricing
      8,100 SF

      Furnished Office Sublease in Denver

      Fully-furnished office space featuring offices, conference rooms, and workstations.
      5990 Washington St, Denver, CO 80203
      View Details
    • $27 SF/Yr
      2,188 SF

      Prime Corner Lot Restaurant Space

      Restaurant/bar space on a highly trafficked corner lot.
      100-104 Broadway, Denver, CO 80203
      View Details
    • Contact for pricing
      29,250 SF

      High Density Zoned Land

      Land with high-density zoning, suitable for various development projects.
      1100-1102 S Broadway, Denver, CO 80203
      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.
    611 17th Ave
    Denver, CO 80203-1628
    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.