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    720 Colorado Blvd Denver, CO 80246-1904

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    Property profile & analytics

    720 Colorado Blvd Denver, CO 80246-1904

    View on Map
    • Office buildings
    • 545,684 SF
    • 6.62 lot acres
    Off-Market
    Property ID
    US13-0854806
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eryn Henderson / Henderson Home Group / Real Estate Agency
    • Tony Jarrett Attorney at Law / Law Firm / Child Welfare Organization
    • The Law Office of Jacob E. Martinez / Law Firm
    • Planet Fitness / Gym & Fitness Center
    • Vista Neuropsychology; Connie Jacocks, PhD, ABPP-CN / Physician / Medical Clinic

    Property Details for 720 Colorado Blvd

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    6.62 lot acres
    Property size
    545,684 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    1973-18-3-03-014
    APU
    197318303014

    Description

    The Galleria Office Towers, a Class B, 13-story complex in Denver, CO (80246), offers 5,720,377 square feet of executive office and commercial space. Built in 1975 and renovated in 2023, this impressive building boasts 244,675 square feet of currently vacant space, divisible into units ranging from 722 to 32,694 contiguous square feet. Located at 720 S Colorado Blvd, the property provides convenient access to Colorado Blvd, South Cherry Creek Drive, and I-25. Tenants enjoy spectacular views from the gold-tone, reflective glass towers and benefit from ample parking (a 3:1,000 ratio). On-site amenities include a health club, deli, and conference facilities, along with dedicated management staff. The Galleria's central location in Belcaro offers proximity to numerous retail and restaurant options in Cherry Creek, Glendale, and Downtown Denver. This exceptional property presents a unique opportunity for businesses seeking high-quality office space in a vibrant and convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $79,211,000
      Market price range: $79.2M - $219M
      AI Estimate
      $39,205,000
      Market price range: $20.7M - $126M

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.94
    Latitude
    39.7037
    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
    $1,474,373
    $0.00
    $0.00
    $17,383,374
    -
    $18,751,850
    $43,554,150
    $62,306,000

    Comparable in this City

    • Value Estimation
      $32,365,000
      234,264 SF

      4100 Mississippi Ave

      OFFICE BUILDING • 234,264 SF
      4100 Mississippi Ave, Denver, CO 80246-3048
      View Details
    • Value Estimation by Request
      1,074 SF

      469 Cherry St, Unit 2

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,074 SF
      469 Cherry St, Denver, CO 80246-1217
      View Details
    • Value Estimation
      $555,000
      1,584 SF

      469 Cherry St Ste, Unit 101

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,584 SF
      469 Cherry St Ste, Denver, CO 80246-1222
      View Details
    • Value Estimation by Request
      1,500 SF

      428 Frst St

      OFFICE BUILDING • 1,500 SF
      428 Frst St, Denver, CO 80246-8110
      View Details
    • Value Estimation
      $20,710,000
      176,883 SF

      650 Cherry St

      OFFICE BUILDING • 176,883 SF
      650 Cherry St, Denver, CO 80246-1801
      View Details
    • Value Estimation
      $19,275,000
      162,384 SF

      600 Cherry St

      OFFICE BUILDING • 162,384 SF
      600 Cherry St, Denver, CO 80246-1702
      View Details

    Similar Nearby for Sale

    • $3,750,000

      Denver Office Building For Sale

      17,702 SF office building near Cherry Creek.
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    • Contact for pricing
      17,702 SF

      Denver Office Building For Sale

      Three-level office building with medical, dental, and fitness spaces.
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    • $6,600,000

      38-Unit Multifamily in Glendale, CO

      38-unit property near Cherry Creek and Wash Park.
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    • $1,449,000

      Colorado Blvd Retail Building For Sale

      Prime location with high visibility and upgraded utilities.
      333 S Colorado Blvd, Denver, CO 80246
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building in Glendale

      Recently renovated office building with modern amenities in Glendale.
      501 S Cherry St, Denver, CO 80246
      View Details
    • Contact for pricing
      16,287 SF

      Denver Office Space Available

      Office building with 16,287 square feet available for rent.
      501 South Cherry St, Denver, CO 80246
      View Details
    • $26 SF/Yr
      80,555 SF

      Denver Office Space For Lease

      80,555 SF office building in Denver, Colorado.
      600 South Cherry St, Denver, CO 80246
      View Details
    • $17 SF/Yr

      Modern Office Building with Views

      Six-story office building with modern exterior and convenient location.
      4101 E Louisiana Ave, Denver, CO 80246
      View Details
    • $33 SF/Yr

      Glendale Office Space For Rent

      Office space with upgraded fitness center, deli, and conference center.
      4500 East Cherry Creek South Dr, Glendale, CO 80246
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease at 469 S Cherry St.
      469 S Cherry St, Denver, CO 80246
      View Details
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    720 Colorado Blvd
    Denver, CO 80246-1904
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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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