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

    724 Pearl St Denver, CO 80209-4213

    • Office buildings
    • 5,044 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2021
    $2,400,000
    Value Estimations
    $2,390,000
    Show details
    Cap Rate Potential
    3.1%
    Office buildings
    Location Intelligence
    Property ID
    US13-0247741
    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

    • Flywheel Capital LLC / Investment Company
    • Kenneth Kendal King Foundation / Non-Profit Organization
    • Mortage Lending: Denise Crew / Mortgage Lender
    • Guaranteed Rate - Stephen Griffin / Mortgage Lender
    • SC & Hansen - Certified Public Accountants / Accounting Firm

    Property Details for 724 Pearl St

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    5,044 SF
    Zone code
    U-MS-2
    Property type
    Office buildings
    APN
    05156-02-006-000
    APU
    515602006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,520,000
      ML approach
      $2,630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,995,000
      Market price range: $732k - $2.02M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,065,000
      APARTMENT HOUSE (5+ UNITS)
      $2,040,000
      AUTO REPAIR, GARAGE
      $2,020,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,635,000
      COMMERCIAL (GENERAL)
      $1,635,000
      RETAIL STORES
      $1,620,000
      MEDICAL BUILDING
      $1,530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.98
    Latitude
    39.7033
    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
    $47,025
    $162,630
    $444,250
    $606,880
    -
    $612,900
    $1,592,300
    $2,205,200

    Comparable in this City

    • Value Estimation
      $640,000
      52,553 SF

      3700 Alameda Ave

      OFFICE BUILDING (MULTI-STORY) • 52,553 SF
      3700 Alameda Ave, Denver, CO 80209-3100
      View Details
    • Value Estimation
      $375,000
      1,508 SF

      2041 Virginia Ave

      OFFICE BUILDING • 1,508 SF
      2041 Virginia Ave, Denver, CO 80209-2709
      View Details
    • Value Estimation
      $710,000
      28,334 SF

      3400 Bayaud Ave

      OFFICE BUILDING • 28,334 SF
      3400 Bayaud Ave, Denver, CO 80209-2926
      View Details
    • Value Estimation
      $555,000
      2,975 SF

      714 Pearl St

      OFFICE BUILDING • 2,975 SF
      714 Pearl St, Denver, CO 80209-4213
      View Details
    • Value Estimation
      $1,640,000
      6,652 SF

      481 Pearl St, Unit 495

      OFFICE BUILDING • 6,652 SF
      481 Pearl St, Denver, CO 80209-2021
      View Details
    • Value Estimation
      $505,000
      7,622 SF

      456 Broadway

      OFFICE BUILDING • 7,622 SF
      456 Broadway, Denver, CO 80209-1689
      View Details

    Similar Nearby for Sale

    • $1,490,000
      4,932 SF

      City Park West Office Building

      Three-story office building in vibrant City Park West neighborhood.
      1670 York St, Denver, CO 80209
      View Details
    • $1,700,000
      8,181 SF

      Denver Mansion with Development Potential

      8,181 SF mansion with development potential in central Denver.
      1563 Gaylord St, Denver, CO 80209
      View Details
    • $1,600,000

      Cherry Creek Office Space Ownership

      Office space in a highly desired Denver neighborhood.
      350 S Garfield St, Denver, CO 80209
      View Details
    • $900,100

      Mixed-Use Property Near Alameda & Broadway

      Mixed-use property with retail and apartment near popular amenities.
      246 S Broadway, Denver, CO 80209
      View Details
    • $825,000
      3,552 SF

      Denver Office Near City Park

      Former Live Nation office with parking and flexible zoning.
      2043 York St, Denver, CO 80209
      View Details
    • $1,375,000
      4,195 SF

      Denver Multifamily Investment Opportunity

      Vintage Victorian mansion in West Washington Park neighborhood.
      54 South Pennsylvania St, Denver, CO 80209
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      6,249 SF

      Denver Cherry Creek Office Space

      Flexible office solutions in Denver.
      3773 Dr East Tower, Denver, CO 80209
      View Details
    • $23 SF/Yr
      850 SF

      Office Space Near Cherry Creek

      Office suites with easy access to amenities and transportation.
      3955 E Exposition Ave, Denver, CO 80209
      View Details
    • $31 SF/Yr
      3,400 SF

      Denver Office Space For Rent

      Office space for rent near Cherry Creek Mall.
      3400 Bayaud Ave, Denver, CO 80209
      View Details
    • Contact for pricing
      2,221 SF

      Renovated Retail/Office Space Available

      Prime location in Gaylord Shopping District, Washington Park neighborhood.
      1076 South Gaylord St, Denver, CO 80209
      View Details
    • $28 SF/Yr
      2,824 SF

      Denver Office/Retail Space For Rent

      Ground-level office/retail space with easy access and reserved parking.
      3915 E Exposition Ave, Denver, CO 80209
      View Details
    • $5,300 /Mo
      2,215 SF

      Denver Design District Office Space

      Office space in Denver Design District with garage/storage.
      20 Center Ave, Denver, CO 80209
      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.
    724 Pearl St
    Denver, CO 80209-4213
    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.