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    6460 Yale Ave Denver, CO 80222-7156

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    6460 Yale Ave Denver, CO 80222-7156

    View on Map
    • Strip malls
    • 14,400 SF
    • 1.12 lot acres
    Off-Market
    Last Sale Sep 16, 2024
    Property ID
    US13-1161407
    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
    $2,240,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lori Kennedy, OT / Pharmacy
    • Las 5 Marias Boutique / (Bike/Boat/Book/etc) Store
    • Safeway Bakery / Bakery / Specialty Food Shop
    • Baby At Ease / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • A NEW YOU BODY and Wellness / Spa & Massage Center

    Property Details for 6460 Yale Ave

    Year built
    1993
    Construction
    WOOD
    Lot size
    1.12 lot acres
    Property size
    14,400 SF
    Zone code
    B-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06322-01-251-000
    APU
    632201251000

    Description

    This exceptional 6,835-square-foot retail property, located at 6460 East Yale Avenue in Denver, Colorado's Hampden submarket, presents a compelling investment opportunity. Built in 1993, this single-story building features eight suites, offering a variety of sizes to accommodate diverse tenants. Currently, 2,225 square feet of space is available for lease, with individual suites ranging from 1,200 to 2,880 square feet. The property boasts excellent visibility and accessibility, situated at the intersection of Yale Avenue and Monaco Parkway, providing convenient access to Interstate 25. Ample parking is available with 50 spaces for customers and tenants. The property benefits from a strong tenant mix, including both national and local businesses, and serves a vibrant, high-traffic area with favorable demographics. The property's location within a Safeway-anchored shopping center further enhances its appeal and ensures consistent foot traffic. The property's APN is 6322-01-252, and it is located in Denver County, Colorado, zip code 80222. This is a rare opportunity to acquire a well-positioned retail property in a thriving Denver neighborhood.

    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
    -104.914
    Latitude
    39.666
    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
    $60,526
    $401,430
    $353,240
    $754,670
    -
    $1,468,800
    $1,266,100
    $2,734,900

    Comparable in this City

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      55,370 SF

      1550 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 55,370 SF
      1550 Colorado Blvd, Denver, CO 80222-3700
      View Details
    • Value Estimation
      $5,440,000
      48,664 SF

      2200 Monaco Pkwy

      SHOPPING CENTER, STRIP CENTER • 48,664 SF
      2200 Monaco Pkwy, Denver, CO 80222-5855
      View Details
    • Value Estimation
      $7,500,000
      50,663 SF

      1485 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 50,663 SF
      1485 Colorado Blvd, Denver, CO 80222-3619
      View Details
    • Value Estimation
      $12,165,000
      62,507 SF

      1547 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 62,507 SF
      1547 Colorado Blvd, Denver, CO 80222-3704
      View Details
    • Value Estimation
      $2,190,000
      13,820 SF

      2160 Holly St

      SHOPPING CENTER, STRIP CENTER • 13,820 SF
      2160 Holly St, Denver, CO 80222-5608
      View Details
    • Value Estimation
      $2,580,000
      16,000 SF

      1430 Colorado Blvd

      SHOPPING CENTER, STRIP CENTER • 16,000 SF
      1430 Colorado Blvd, Denver, CO 80222-3656
      View Details

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      University Hills Vacant Land

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    Similar Nearby for Lease

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      Retail Space in University Hills

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      6,579 SF

      Retail Space in Denver Center

      Retail space for lease in redeveloped shopping center.
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      Retail Space in Anchored Center

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      Retail Space in Denver Center

      Retail space for lease in redeveloped shopping center.
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      View Details
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      1,880 SF

      Restaurant Space with Drive-Thru

      Restaurant spaces available with drive-thru and patio.
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      Retail Pad Sites For Lease

      Retail opportunity at Denver’s highest traffic corner location.
      1995 S Colorado Blvd, Denver, CO 80222
      View Details
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    Denver, CO 80222-7156
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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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