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

    6691 Tower Rd Denver, CO 80249-6405

    • Strip malls
    • 10,453 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2020
    $5,627,000
    Value Estimations
    $5,780,000
    Show details
    Cap Rate Potential
    2.4%
    Strip malls
    Location Intelligence
    Property ID
    US13-2291275
    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

    • Heating and Air Conditioning / Heating Contractor
    • Starbucks / Breakfast Restaurant / Cafe
    • Jersey Mike's Subs / Takeout Restaurant / Sandwich Shop
    • Tesla Supercharger / Electric Vehicle Charging Station
    • Jasmine Nails & Spa / Nail Salon

    Property Details for 6691 Tower Rd

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    1.59 lot acres
    Property size
    10,453 SF
    Zone code
    C-MU-20
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    00041-03-004-000
    APU
    4103004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,950,000
      ML approach
      $5,925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,266,000
      Market price range: $1.85M - $5.27M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,275,000
      AUTO REPAIR, GARAGE
      $4,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.773
    Latitude
    39.8178
    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
    $191,473
    $261,340
    $1,083,470
    $1,344,810
    -
    $966,700
    $3,883,400
    $4,850,100

    Comparable in this City

    • Value Estimation
      $390,000
      19,966 SF

      4906 Tower Rd

      SHOPPING CENTER, STRIP CENTER • 19,966 SF
      4906 Tower Rd, Denver, CO 80249-6657
      View Details
    • Value Estimation
      $340,000
      3,560 SF

      18630 Grn Vly Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 3,560 SF
      18630 Grn Vly Rnch Blvd, Denver, CO 80249-6833
      View Details
    • Value Estimation
      $385,000
      11,414 SF

      18601 Grn Vly Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 11,414 SF
      18601 Grn Vly Rnch Blvd, Denver, CO 80249-8370
      View Details
    • Value Estimation
      $6,955,000
      2.26 Acres

      4650 Tower Rd

      SHOPPING CENTER, STRIP CENTER • 2.26 Acres
      4650 Tower Rd, Denver, CO 80249-6600
      View Details
    • Value Estimation
      $660,000
      24,675 SF

      18607 Grn Vly Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 24,675 SF
      18607 Grn Vly Rnch Blvd, Denver, CO 80249-8372
      View Details
    • Value Estimation
      $330,000
      7,381 SF

      18643 Grn Vly Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 7,381 SF
      18643 Grn Vly Rnch Blvd, Denver, CO 80249-6832
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.10 Acres

      High Point Denver Development Land

      Prime Denver commercial land, mixed-use potential.
      18591 64Th Ave, Denver, CO 80249
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    • $1,450,000
      9,107 SF

      Established Liquor Store in Denver

      High-volume liquor store in a growing residential area.
      18611 Green Valley Ranch Blvd, Denver, CO 80249
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      0.33 Acres

      Pena Station: Denver Development Site

      Prime Denver land, retail & restaurant opportunity.
      61st Ave & Tower Rd, Denver, CO 80249
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      0.91 Acres

      Denver Retail Pads: 56th & Tower Rd

      Prime Denver retail land, sale/lease.
      56 56 Way, Denver, CO 80249
      View Details
    • Contact for pricing
      2.00 Acres

      Denver Commercial Land Investment

      Prime Denver land, multiple uses approved.
      72nd Ave & Tower Rd, Denver, CO 80249
      View Details
    • Contact for pricing
      91,484 SF

      Denver Airport Flex Warehouse Space

      Flex/warehouse space near Denver International Airport.
      6890 Argonne St, Denver, CO 80249
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,055 SF

      Retail Space in Growing Denver Area

      Multi-tenant retail buildings in a rapidly growing Denver location.
      18503 E 57Th Ave, Denver, CO 80249
      View Details
    • Contact for pricing
      295,337 SF

      Green Valley Ranch Retail Pads

      Five prime retail lots, high traffic area.
      0 Denver Co, Denver, CO 80249
      View Details
    • Contact for pricing
      515,333 SF

      Aurora Retail Center Opportunity

      Prime Aurora location, multiple spaces available.
      40TH Ave & Tower Rd, Aurora, CO 80249
      View Details
    • Contact for pricing
      15,000 SF

      Denver Retail Space: Prime Location

      15,000 SF Retail Building - High Traffic Area
      0 Denver Co, Denver, CO 80249
      View Details
    • $5 SF/Yr
      91,484 SF

      Denver Airport Business Park Space Available

      Flex/Warehouse Suites near DIA
      6860 Argonne St, Denver, CO 80249
      View Details
    • Contact for pricing

      Denver Aero-Industrial Land Opportunity

      650 Acres, Flexible Zoning, Prime Location
      71st Ave & Vly Head St, Denver, CO 80249
      View Details
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    Denver, CO 80249-6405
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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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