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

    7101 60th Way Commerce City, CO 80022-4120

    • Residential income homes
    • 2,368 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2021
    $1,530,000
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    2.3%
    Residential income homes
    Location Intelligence
    Property ID
    US13-0674377
    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

    • Residential income homes

    Property Details for 7101 60th Way

    Year built
    1928
    Construction
    FRAME
    Lot size
    0.94 lot acres
    Property size
    2,368 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    R0091337
    APU
    R0091337

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,680,000
      ML approach
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,003,000
      Market price range: $525k - $1.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.905
    Latitude
    39.8073
    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
    $10,831
    $16,650
    $105,010
    $121,660
    -
    $246,120
    $1,552,327
    $1,798,447

    Comparable in this City

    • Value Estimation
      $900,000
      1,768 SF

      7011 Holly St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,768 SF
      7011 Holly St, Commerce City, CO 80022-1918
      View Details
    • Value Estimation by Request
      2,236 SF

      7200 1st Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,236 SF
      7200 1st Dr, Commerce City, CO 80022-1642
      View Details
    • Value Estimation
      $740,000
      4,728 SF

      6671 63rd Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,728 SF
      6671 63rd Pl, Commerce City, CO 80022-3586
      View Details
    • Value Estimation
      $510,000
      2,912 SF

      6260 Ivy Way

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,912 SF
      6260 Ivy Way, Commerce City, CO 80022-5712
      View Details
    • Value Estimation by Request
      2,700 SF

      6950 75th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,700 SF
      6950 75th Ave, Commerce City, CO 80022-1616
      View Details
    • Value Estimation
      $1,345,000
      1,604 SF

      8250 Brighton Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,604 SF
      8250 Brighton Rd, Commerce City, CO 80022-5301
      View Details

    Similar Nearby for Sale

    • $360,000
      1,418 SF

      Aspen Hills End-Unit Condo

      Comfortable end-unit condo with open views and detached garage.
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    • $1,340,000

      Remodeled Multifamily Property on Vasquez

      Remodeled 8-unit multifamily property on 1.38 acres with commercial zoning.
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    • Contact for pricing
      68.35 Acres

      Commerce City Land - 68 Acres

      Prime E-470 Commercial/Residential Land
      11031 Himalaya St, Commerce City, CO 80022
      View Details
    • Contact for pricing
      2.45 Acres

      Commerce City Development Land

      44 Shovel-Ready Townhouse Parcels
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      View Details
    • $464,900
      2,598 SF

      Spacious Ranch-Style Townhome Near Golf

      Comfortable ranch-style townhome with finished basement, near Buffalo Run.
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    • Contact for pricing
      12.38 Acres

      Commerce City Development Land

      12.38 Acres, High-Density Potential
      14501 102Nd Ave, Commerce City, CO 80022
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      101,120 SF

      18146 84Th Ave

      Distribution properties • 101,120 SF
      18146 84Th Ave, Commerce City, CO 80022
      View Details
    • $10 SF/Yr
      3,360 SF

      Commerce City Warehouse Space Available

      Industrial Warehouse, 3360 sq ft, I-1S Zoning
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      View Details
    • $34 SF/Yr
      2,200 SF

      Commerce City Restaurant Space

      New 2,200 SF Restaurant, Adams County
      15400 103Rd Pl, Commerce City, CO 80022
      View Details
    • Contact for pricing
      32,500 SF

      Commerce City Warehouse/Office Space

      Single tenant office/warehouse available for rent in Commerce City.
      5850 E 58Th Ave, Commerce City, CO 80022
      View Details
    • Contact for pricing

      Land Near Denver Airport

      Commercial land with high visibility and traffic near DIA.
      17600 E 56Th Ave, Denver, CO 80022
      View Details
    • Contact for pricing
      14,980 SF

      Industrial Property in Central Denver

      6.06 acres with 14,980 SF improvements, great connectivity.
      7625 Dahlia St, Commerce City, CO 80022
      View Details
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    7101 60th Way
    Commerce City, CO 80022-4120
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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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