Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7211 Evans Ave Denver, CO 80224-2407

    • Sports & entertainment properties
    • 19,630 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0103050
    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

    • Planet Fitness / Gym & Fitness Center

    Property Details for 7211 Evans Ave

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.43 lot acres
    Property size
    19,630 SF
    Property type
    Sports & entertainment properties
    APN
    1973-29-1-06-003
    APU
    197329106003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $643,000
      Market price range: $164k - $1.16M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $470,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.905
    Latitude
    39.6783
    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
    2021
    $69,193
    $0.00
    $0.00
    $798,219
    -
    $847,712
    $2,043,288
    $2,891,000

    Comparable in this City

    • Value Estimation
      $705,000
      33,289 SF

      6767 Leetsdale Dr

      BOWLING ALLEY • 33,289 SF
      6767 Leetsdale Dr, Denver, CO 80224-1521
      View Details
    • Value Estimation by Request
      65,000 SF

      2121 Oneida St

      Medical Office Space • 65,000 SF
      2121 Oneida St, Denver, CO 80224
      View Details
    • Value Estimation by Request

      6565 Evans Ave

      COMMERCIAL (GENERAL)
      6565 Evans Ave, Denver, CO 80224-2351
      View Details
    • Value Estimation
      $34,470,000
      209,260 SF

      7100 Mississippi Ave

      GARDEN APT, COURT APT (5+ UNITS) • 209,260 SF
      7100 Mississippi Ave, Denver, CO 80224-3123
      View Details
    • Value Estimation by Request
      2.33 Acres

      2001 Quebec St

      Land • 2.33 Acres
      2001 Quebec St, Denver, CO 80224
      View Details
    • Value Estimation
      $1,620,000
      5,795 SF

      7095 Evans Ave

      VEHICLE SALES, RENTALS • 5,795 SF
      7095 Evans Ave, Denver, CO 80224-2403
      View Details

    Similar Nearby for Sale

    • $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
    • $1,200,000

      Denver Retail Property For Sale

      Freestanding retail building with high-traffic location and redevelopment potential.
      3400 S Oneida Way, Denver, CO 80224
      View Details
    • $799,000

      Denver Development Opportunity

      Commercial land for sale in Denver, Colorado.
      833 S Monaco Street Pkwy, Denver, CO 80224
      View Details
    • $550,000
      0.39 Acres

      Prime Denver Office Building

      Executive Office, Vacant, High Traffic
      6635 Evans Ave, Denver, CO 80224
      View Details
    • $1,395,000

      Prime Retail Property on Leetsdale

      Exceptional retail opportunity in Denver with high visibility and accessibility.
      5601 Leetsdale Dr, Denver, CO 80224
      View Details
    • $799,000

      Denver Development Opportunity For Sale

      Commercial mixed-use land for sale in Denver, Colorado.
      833 S Monaco Street Pkwy, Denver, CO 80224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,923 SF

      South Lowry Marketplace Offices

      Retail & Office Spaces Available Now!
      7150 Leetsdale Dr, Denver, CO 80224
      View Details
    • Contact for pricing
      1,278 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
    • $15 SF/Yr
      21,867 SF

      Highline Canal Office Space

      Denver Office Building, Suites Available
      2250 Oneida St, Denver, CO 80224
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      269 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
    • $16 SF/Yr
      65,000 SF

      Oneida Tower Office Space

      Denver Cherry Creek Office Suites
      2121 Oneida St, 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.
    7211 Evans Ave
    Denver, CO 80224-2407
    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.
    Sign Up Successful!
    You now have access to more from Realmo!