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    83 120th Ave Thornton, CO 80233-5701
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    Property profile & analytics

    83 120th Ave, Thornton, CO 80233-5701

    View on Map
    • Hotels
    • 102,716 SF
    • 6.56 lot acres
    Off-Market
    Property ID
    US13-1040520
    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
    $8,505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 83 120th Ave

    Year built
    1984
    Lot size
    6.56 lot acres
    Property type
    Hotels
    APN
    R0024498
    APU
    R0024498

    Description

    This exceptional 137-key DoubleTree by Hilton Hotel in Thornton, Colorado, presents a lucrative investment opportunity. Located on a 6.71-acre lot, this five-story, 1984-built hotel boasts 17,540 square feet of banquet space, including a 6,400-square-foot ballroom, ideal for conferences and events. The property features an indoor pool, fitness center, business center, and on-site restaurant and lounge. Its prime location offers easy access to Interstate 25, Downtown Denver (under 15 miles), and major attractions like Coors Field and Denver Premium Outlets. The hotel's proximity to Denver International Airport (22 miles), which saw a record 77.8 million passengers in 2023, ensures consistent high occupancy. Over $4 million in capital expenditures since 2023 have enhanced guest rooms, hallways, lobby, and meeting rooms. The hotel's affiliation with the Hilton brand provides access to a robust reservation system and the extensive Hilton Honors program (173+ million members). In 2023, the hotel generated $5.16 million in gross revenue and $1.33 million in net operating income (25.8% NOI margin), offering significant upside potential through improved management strategies. This fee-simple offering is unencumbered by debt or management contracts. Asking price: $17,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,735,000
      6.5%
      $9,910,000
      7%
      $9,200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,096,000
      Market price range: $1.18M - $13.6M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,460,000
      Current use
      RESTAURANT
      $13,965,000
      Change: +116% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,740,000
      Change: +51% Conversion: Difficult
      MEDICAL BUILDING
      $7,510,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $5,630,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.988
    Latitude
    39.9164
    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
    $480,790
    $1,115,940
    $3,248,130
    $4,364,070
    -
    $3,999,772
    $11,642,028
    $15,641,800

    Comparable in this City

    • Value Estimation
      $5,635,000
      99,216 SF

      10 120th Ave

      HOTEL
      10 120th Ave, Northglenn, CO 80233-1002
      View Details
    • Value Estimation
      $2,230,000
      42,592 SF

      243 120th Ave

      HOTEL
      243 120th Ave, Thornton, CO 80233-5704
      View Details
    • Value Estimation by Request
      0.22 Acres

      Northglenn, CO 80233

      VACANT COMMERCIAL LAND
      Northglenn, CO 80233
      View Details
    • Value Estimation by Request
      5.41 Acres

      Northglenn, CO 80233

      VACANT COMMERCIAL LAND
      Northglenn, CO 80233
      View Details
    • Value Estimation
      $750,000
      7,491 SF

      2525 104th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2525 104th Ave, Thornton, CO 80233-6174
      View Details
    • Value Estimation by Request
      800 SF

      3321 120th Ave

      AUTO REPAIR, GARAGE
      3321 120th Ave, Thornton, CO 80233-1533
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $2,000,000
      9,100 SF

      Northglenn Industrial Property For Sale

      9,100 sq ft industrial building on 27,450 sq ft lot.
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      Commercial Pad Site For Sale

      0.88 acre commercial pad site available for sale.
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      14,472 SF

      Malley Drive Retail Investment Property

      Fully occupied retail property with long-term leases and rental increases.
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    Similar Nearby for Lease

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      12,774 SF

      Northglenn Retail Center Opportunity

      Grocery-anchored retail space available in Northglenn, CO.
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      View Details
    • Contact for pricing
      750 SF

      Northglenn Office Space Available

      750 sqft office unit for rent in Northglenn, CO.
      10475 Irma Dr, Northglenn, CO 80233
      View Details
    • Contact for pricing
      1,492 SF

      Thornton Office Suite For Rent

      1,492 SF office suite with flexible layout and natural light.
      2200 East 104Th Ave, Thornton, CO 80233
      View Details
    • Contact for pricing
      13,000 SF

      Thornton Retail Space For Lease

      Retail space available in Thornton, Colorado with excellent access.
      3904 E 120Th Ave, Thornton, CO 80233
      View Details
    • Contact for pricing
      5,244 SF

      Northglenn Warehouse Space Available

      Warehouse space with attached yards, close to I-25.
      10650 Irma Dr, Northglenn, CO 80233
      View Details
    • Contact for pricing
      10,908 SF

      Northglenn Office/Medical Space Available

      Office/Medical space available for rent in Northglenn, Colorado.
      11990 Grant St, Northglenn, CO 80233
      View Details
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    83 120th Ave
    Thornton, CO 80233-5701
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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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