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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6120 58th Ave Commerce City, CO 80022-3971

    • Office buildings
    • 6,180 SF
    • 6.20 lot acres
    OFF-MARKET
    Last Sale
    Dec 15, 2023
    Value Estimations
    $2,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2743907
    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

    • Office buildings

    Property Details for 6120 58th Ave

    Year built
    1979
    Lot size
    6.20 lot acres
    Property size
    6,180 SF
    Property type
    Office buildings
    APN
    R0091915
    APU
    R0091915

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,474,000
      Market price range: $897k - $2.47M
      AI Estimate
      $2,056,000
      Market price range: $584k - $2.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,580,000
      Current use
      RESTAURANT
      $2,525,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,110,000
      Change: +33% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,005,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $1,985,000
      Change: +26% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,920,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $1,875,000
      Change: +19% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,450,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.917
    Latitude
    39.8008
    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
    $137,831
    $452,100
    $1,081,400
    $1,533,500
    -
    $1,620,432
    $3,875,968
    $5,496,400

    Comparable in this City

    • Value Estimation
      $8,665,000
      70,000 SF

      6600 Us Hwy 85

      OFFICE BUILDING • 70,000 SF
      6600 Us Hwy 85, Commerce City, CO 80022-2394
      View Details
    • Value Estimation by Request
      312,480 SF

      17776 84th Ave

      OFFICE BUILDING • 312,480 SF
      17776 84th Ave, Commerce City, CO 80022-5018
      View Details
    • Value Estimation
      $880,000
      3,000 SF

      5601 Holly St

      OFFICE BUILDING • 3,000 SF
      5601 Holly St, Commerce City, CO 80022-3901
      View Details
    • Value Estimation by Request
      1,506 SF

      7250 Magnolia St

      OFFICE BUILDING • 1,506 SF
      7250 Magnolia St, Commerce City, CO 80022-1717
      View Details
    • Value Estimation
      $3,800,000
      11,419 SF

      7190 Colorado Blvd, Unit 5

      OFFICE BUILDING • 11,419 SF
      7190 Colorado Blvd, Commerce City, CO 80022-1802
      View Details
    • Value Estimation
      $2,900,000
      4,000 SF

      8451 Brighton Rd

      OFFICE BUILDING • 4,000 SF
      8451 Brighton Rd, Commerce City, CO 80022-5309
      View Details

    Similar Nearby for Sale

    • $1,044,000
      5,100 SF

      Leased Creative Building with Upside

      5,261 SF building, fully leased, potential for rent increases.
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      View Details
    • Contact for pricing
      4,387 SF

      Commerce City NNN Investment Opportunity

      NNN leased property in a high-density Denver trade area.
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      Commerce City Office Building For Sale

      One-story office building with finished basement, turnkey investment opportunity.
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      View Details
    • $1,050,000

      Commerce City Industrial Property For Sale

      Industrial-zoned property with highway access in Commerce City, Colorado.
      8550 Rosemary St, Commerce City, CO 80022
      View Details
    • $580,000

      Renovated Office with Yard Space

      Renovated office space with yard on 0.34 AC lot.
      6970 Eudora Dr, Commerce City, CO 80022
      View Details
    • $1,450,000

      Commerce City Flex/Production Facility

      Improved office/flex and production facility in Commerce City, Colorado.
      6545 E 49Th Ave, Commerce City, CO 80022
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space with Truck Maintenance Features

      15,820 SF industrial space with existing truck maintenance infrastructure.
      5350 Dahlia St, Commerce City, CO 80022
      View Details
    • $15 SF/Yr

      Versatile Space in Commerce City

      Centrally located property suitable for retail, office, or industrial use.
      6980 Highway 2, Commerce City, CO 80022
      View Details
    • $4,750 /Mo

      Versatile Industrial Showroom For Lease

      1,606 SF flex space with showroom and easy loading.
      6308 E 72Nd Ave, Commerce City, CO 80022
      View Details
    • Contact for pricing
      6,026 SF

      Versatile Flex Space in Commerce

      Adaptable office/industrial space with gated storage in Commerce City.
      4920 Monaco St, Commerce City, CO 80022
      View Details
    • $39 SF/Yr

      Commerce City Industrial Space Available

      Industrial space with shop, office, and fenced yard.
      4365 East 74 Ave, Commerce City, CO 80022
      View Details
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    6120 58th Ave
    Commerce City, CO 80022-3971
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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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