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

    6850 Evans Ave Denver, CO 80224-2300

    • Office buildings
    • 10,703 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0111705
    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

    • Amir Mehdi Kalani / Internist
    • Rocky Mountain Medical / Nurse Practitioner
    • Naser K. Kalani Yazd, DNP / Nurse Practitioner / General Practitioner
    • Масджид Ал-Иман / Mosque
    • Mahdi Home Health Care / Home Health Care Service

    Property Details for 6850 Evans Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Property size
    10,703 SF
    Zone code
    S-CC-3X
    Property type
    Office buildings
    APN
    06291-00-075-000
    APU
    629100075000

    Description

    This exceptional 3-story, 11,892 square foot commercial building at 6850 E Evans Ave, Denver, CO 80224, offers a prime 3,500 square foot office space for lease on the third floor. The property, classified as Class C, was built in 1970 and sits on a 0.51-acre lot. The building features an elevator and ample on-site parking, catering to the needs of both employees and clients. The open floor plan provides flexibility for various business configurations, making it ideal for medical, traditional, or creative office uses. Zoned S-CC-3X, this single-tenant space is competitively priced at $8.95 per square foot, plus NNN charges. Tenant improvements are available for qualified tenants. Its convenient location provides easy access to major highways and public transportation, ensuring seamless commutes for staff and clients. The property's versatile design and strategic location make it an attractive option for businesses seeking a functional and accessible workspace in Denver. The building's total square footage is 11,892 square feet, with 3,500 square feet currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,740,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.909
    Latitude
    39.6781
    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
    $36,747
    $267,840
    $206,400
    $474,240
    -
    $990,000
    $739,800
    $1,729,800

    Comparable in this City

    • Value Estimation
      $625,000
      4,425 SF

      6851 Leetsdale Dr

      OFFICE BUILDING • 4,425 SF
      6851 Leetsdale Dr, Denver, CO 80224-1522
      View Details
    • Value Estimation
      $2,595,000
      23,588 SF

      2250 1st St

      OFFICE BUILDING • 23,588 SF
      2250 1st St, Denver, CO 80224-2556
      View Details
    • Value Estimation
      $1,310,000
      7,694 SF

      7100 Hampden Ave

      OFFICE BUILDING • 7,694 SF
      7100 Hampden Ave, Denver, CO 80224-3037
      View Details
    • Value Estimation
      $4,120,000
      30,138 SF

      7200 Hampden Ave

      OFFICE BUILDING • 30,138 SF
      7200 Hampden Ave, Denver, CO 80224-3021
      View Details
    • Value Estimation
      $625,000
      4,280 SF

      2014 Pontiac Way

      OFFICE BUILDING • 4,280 SF
      2014 Pontiac Way, Denver, CO 80224-2412
      View Details
    • Value Estimation by Request
      280 SF

      2253 1st St Ste, Unit 202

      OFFICE BUILDING • 280 SF
      2253 1st St Ste, Denver, CO 80224-2562
      View Details

    Similar Nearby for Sale

    • $550,000
      0.39 Acres

      Prime Denver Office Building

      Executive Office, Vacant, High Traffic
      6635 Evans Ave, Denver, CO 80224
      View Details
    • $3,999,000
      17,823 SF

      Denver Medical/Office Building

      17,823 SF Office, Value-Add Opportunity
      2015 Pontiac Way, Denver, CO 80224
      View Details
    • $1,279,000

      Denver Commercial Building with Recent Upgrades

      Commercial building featuring new roof, HVAC, parking, and interior.
      704 S Monaco St Pkwy, Denver, CO 80224
      View Details
    • $600,000

      Denver Commercial Land - $600K

      0.44-acre corner lot, high-density area.
      2040 Oneida St, Denver, CO 80224
      View Details
    • $799,000

      Denver Development Opportunity For Sale

      Commercial mixed-use land for sale in Denver, Colorado.
      833 S Monaco St Pkwy, Denver, CO 80224
      View Details
    • Contact for pricing
      2,024 SF

      Denver Retail Pharmacy - Leetsdale Drive

      Prime Denver Retail Space, High Visibility
      6336 Leetsdale Dr, Denver, CO 80224
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,933 SF

      Denver Office Space For Rent

      Office space featuring reception area, conference room, and window offices.
      6795-6825 East Tennessee Ave, Denver, CO 80224
      View Details
    • $15 SF/Yr
      17,823 SF

      Denver Office Building - Owner-User Opportunity

      17,823 SF, fully occupied, renovated office building
      2015 Pontiac Way, Denver, CO 80224
      View Details
    • Contact for pricing
      5,923 SF

      South Lowry Marketplace Offices

      Retail & Office Spaces Available Now!
      7150 Leetsdale Dr, Denver, CO 80224
      View Details
    • $15 SF/Yr
      21,867 SF

      Highline Canal Office Space

      Denver Office Building, Suites Available
      2250 Oneida St, Denver, CO 80224
      View Details
    • $16 SF/Yr
      5,056 SF

      Denver Office Space For Rent

      Office space in high-traffic area near amenities and transit.
      7055 East Evans Ave, Denver, CO 80224
      View Details
    • $17 SF/Yr
      1,977 SF

      Office Space with Built-Ins

      Top floor office space with reception, offices, and conference room.
      1001 S Monaco Pkwy, Denver, CO 80224
      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.
    6850 Evans Ave
    Denver, CO 80224-2300
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.