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

    7200 Progress Ave Greenwood Village, CO 80111-1047

    • Office buildings
    • 3,118 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2020
    $206,420
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2194000
    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

    • Office buildings

    Property Details for 7200 Progress Ave

    Year built
    2022
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    3,118 SF
    Property type
    Office buildings
    APN
    2075-17-1-20-002
    APU
    207517120002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood Village
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.905
    Latitude
    39.6221
    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
    $33,202
    $0.00
    $0.00
    $390,308
    -
    $206,420
    $1,222,533
    $1,428,953

    Comparable in this City

    • Value Estimation by Request
      2,290 SF

      12354 Caley Ave, Unit 1E

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 2,290 SF
      12354 Caley Ave, Centennial, CO 80111-6820
      View Details
    • Value Estimation
      $5,430,000
      22,274 SF

      8000 Belleview Ave

      OFFICE BUILDING • 22,274 SF
      8000 Belleview Ave, Greenwood Village, CO 80111-2660
      View Details
    • Value Estimation
      $1,945,000
      14,254 SF

      7950 Prentice Ave

      OFFICE BUILDING • 14,254 SF
      7950 Prentice Ave, Greenwood Village, CO 80111-2722
      View Details
    • Value Estimation by Request
      1,416 SF

      8301 Prentice Ave, Unit 4

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,416 SF
      8301 Prentice Ave, Greenwood Village, CO 80111-2903
      View Details
    • Value Estimation by Request
      1,746 SF

      8301 Prentice Ave, Unit 4

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,746 SF
      8301 Prentice Ave, Greenwood Village, CO 80111-2903
      View Details
    • Value Estimation by Request
      310,748 SF

      6175 Willow Dr, Unit 1

      OFFICE BUILDING • 310,748 SF
      6175 Willow Dr, Greenwood Village, CO 80111-5169
      View Details

    Similar Nearby for Sale

    • $3,350,000
      4,128 SF

      Renovated Office Building For Sale

      11,563 SF office building renovated in 2018, easy I-25 access.
      7315 E Orchard Rd, Greenwood Village, CO 80111
      View Details
    • $3,295,000
      17,750 SF

      DTC Office Building For Sale

      Two-story office building in a prime Denver Tech Center location.
      5350 Dtc Pkwy, Greenwood Village, CO 80111
      View Details
    • $1,150,000
      5,804 SF

      Greenwood Village Office Building For Sale

      Office building for sale in the heart of Greenwood Village.
      6070 Greenwood Plaza Blvd, Greenwood Village, CO 80111
      View Details
    • $13,900,000
      171,189 SF

      Solarium For Sale

      The Solarium, a 171,189 SF REO Office Property For Sale
      7400 E Orchard Rd, Greenwood Village, CO 80111
      View Details
    • $2,195,000
      5,885 SF

      Denver Tech Center Office Building

      Unique owner-user office building in the heart of Denver Tech.
      5750 S Ulster Cir E, Greenwood Village, CO 80111
      View Details
    • Contact for pricing
      52,931 SF

      Greenwood Village Office Building

      Two-story, 52,931 SF office building with data center.
      5700 Dtc Pkwy, Greenwood Village, CO 80111
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      9,291 SF

      Class A Office Space

      162,000 square foot office property in Denver Tech Center.
      8101 E Prentice Ave, Greenwood Village, CO 80111
      View Details
    • $24 SF/Yr
      5,831 SF

      Greenwood Village Office Space Available

      Class B+ office building with recent renovations and fitness center.
      5655 S Yosemite St, Greenwood Village, CO 80111
      View Details
    • Contact for pricing
      171,189 SF

      Solarium - Lease

      Solarium - Lease
      7400 E Orchard Rd, Greenwood Village, CO 80111
      View Details
    • Contact for pricing
      282,802 SF

      Two-Building Office Development For Rent

      Two-building office development with 449,803 SF total area.
      6200 S Quebec St, Greenwood Village, CO 80111
      View Details
    • $24 SF/Yr
      45,263 SF

      FirstBank DTC Office Suites

      Prime DTC Office Space: 3 Suites Available
      5105 Dtc Pkwy, Greenwood Village, CO 80111
      View Details
    • $23 SF/Yr
      47,443 SF

      Greenwood Village Office Space for Lease

      Prime DTC location, renovated, ample parking.
      5950 Willow Dr, Greenwood Village, CO 80111
      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.
    7200 Progress Ave
    Greenwood Village, CO 80111-1047
    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.