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    Property profile & analytics

    6200 E Colfax Ave Denver, CO 80214

    • Retail space
    • 13,915 SF
    • 1.13 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1083947
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Blossom Odiong, PharmD / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 6200 E Colfax Ave

    Year built
    1996
    Construction
    WOOD
    Lot size
    1.13 lot acres
    Property size
    13,915 SF
    Zone code
    C-MS-5
    Property type
    Retail space
    APN
    06052-03-017-000
    APU
    605203017000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,175,000
      6.5%
      $2,930,000
      7%
      $2,720,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,475,000
      Current use
      MEDICAL BUILDING
      $4,225,000
      Change: -6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,735,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.916
    Latitude
    39.7396
    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
    $82,609
    $818,870
    $247,250
    $1,066,120
    -
    $2,965,000
    $886,200
    $3,851,200

    Comparable in this City

    • Value Estimation by Request
      1,682 SF

      4214 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,682 SF
      4214 Colfax Ave, Denver, CO 80220-1006
      View Details
    • Value Estimation by Request
      1,874 SF

      4300 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,874 SF
      4300 Colfax Ave, Denver, CO 80220-1116
      View Details
    • Value Estimation
      $2,395,000
      15,783 SF

      1455 Pontiac St

      RETAIL STORES (PERSONAL SERVICES) • 15,783 SF
      1455 Pontiac St, Denver, CO 80220
      View Details
    • Value Estimation
      $685,000
      3,240 SF

      5524 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      5524 Colfax Ave, Denver, CO 80220-1412
      View Details
    • Value Estimation by Request
      2,266 SF

      8151 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,266 SF
      8151 Colfax Ave, Denver, CO 80220-2102
      View Details
    • Value Estimation
      $1,290,000
      7,420 SF

      8107 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,420 SF
      8107 Colfax Ave, Denver, CO 80220-2102
      View Details

    Similar Nearby for Sale

    • $849,000

      Retail Space on Colfax Avenue

      Large retail space available for sale on Colfax Avenue.
      8800 E Colfax Ave, Denver, CO 80220
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    • $1,350,000

      Broomfield Commercial Development Site

      Prime commercial/light industrial development site in Broomfield, Colorado.
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      Colfax Avenue Retail Space Available

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      Broomfield Commercial Development Site

      Prime corner lot suitable for various commercial and industrial uses.
      6801 W 118 Ave, Broomfield, CO 80220
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    • $849,000
      1,785 SF

      Retail Space on Colfax Avenue

      Large retail space available for sale on Colfax Avenue.
      8800 E Colfax Ave, Denver, CO 80220
      View Details
    • $575,000
      2,774 SF

      Denver Redevelopment Opportunity Near Colfax

      Commercial property suitable for redevelopment or renovation with mixed-use zoning.
      1454 Tamarac St, Denver, CO 80220
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    Similar Nearby for Lease

    • Contact for pricing
      440,000 SF

      Large Office and Retail Space

      Office and retail space with fitness center and amenity deck.
      S Newport St, Denver, CO 80220
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    • Contact for pricing
      3,233 SF

      Restaurant/Retail Space on Colfax

      Turnkey restaurant/retail space on busy East Colfax in Denver.
      1490 Eudora St, Denver, CO 80220
      View Details
    • $18 SF/Yr
      6,420 SF

      Remodeled Retail/Office Space on Colfax

      Two-level, 2,310 SF suite with street-level exposure and upgraded finishes.
      5900 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing
      15,000 SF

      Denver Office and Retail Space

      Office and retail space available in Denver.
      S Olive St, Denver, CO 80220
      View Details
    • $2,000 /Mo

      Retail Space on Colfax Avenue

      Multi-tenant retail building with high visibility and foot traffic.
      5600 E Colfax Ave, Denver, CO 80220
      View Details
    • $2,000 /Mo

      Charming Retail Space Available

      Retail space with high ceilings, wood floors, and natural light.
      4600 E Colfax Ave, Denver, CO 80220
      View Details

    Property Visit Statistics

    • Visits by month
      32.4k
    • Visitors by month
      20.4k
    • Avg Time on site
      10 min
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    6200 E Colfax Ave
    Denver, CO 80214
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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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