Add Listing
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

    8451 Delaware St Thornton, CO 80260-4821

    • Office buildings
    • 2,250 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2024
    $465,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0800449
    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 8451 Delaware St

    Year built
    1964
    Lot size
    0.38 lot acres
    Property size
    2,250 SF
    Property type
    Office buildings
    APN
    R0058375
    APU
    R0058375

    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
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.992
    Latitude
    39.8497
    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
    $2,874
    $11,390
    $13,680
    $25,070
    -
    $40,838
    $202,163
    $243,001

    Comparable in this City

    • Value Estimation by Request
      862 SF

      2720 92nd Ave

      OFFICE BUILDING • 862 SF
      2720 92nd Ave, Federal Heights, CO 80260-5208
      View Details
    • Value Estimation
      $1,600,000
      13,908 SF

      8461 Delaware St

      OFFICE BUILDING • 13,908 SF
      8461 Delaware St, Thornton, CO 80260-4821
      View Details
    • Value Estimation
      $6,840,000
      47,630 SF

      10190 Bannock St

      OFFICE BUILDING • 47,630 SF
      10190 Bannock St, Northglenn, CO 80260-6083
      View Details
    • Value Estimation
      $515,000
      2,520 SF

      2963 91st Pl

      OFFICE BUILDING • 2,520 SF
      2963 91st Pl, Federal Heights, CO 80260-5800
      View Details
    • Value Estimation
      $1,560,000
      1,196 SF

      9270 Federal Blvd

      OFFICE BUILDING • 1,196 SF
      9270 Federal Blvd, Federal Heights, CO 80260-5836
      View Details
    • Value Estimation by Request
      864 SF

      2850 92nd Ave

      OFFICE BUILDING • 864 SF
      2850 92nd Ave, Federal Heights, CO 80260-5811
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Live-Work Space with Beauty Shop

      Live and work in this high-traffic location.
      2000 W 91St Pl, Denver, CO 80260
      View Details
    • $300,000
      2,758 SF

      Thornton Office Condo - Great Value!

      Spacious Office Condo, Excellent Amenities
      8801 Fox Dr, Thornton, CO 80260
      View Details
    • $300,000
      2,703 SF

      Thornton Office Condo - Great Value!

      Spacious Office Condo, Walkout Basement, Thornton.
      8801 Fox Dr, Thornton, CO 80260
      View Details
    • $280,000

      One-Level Office Condo For Sale

      One-level office condo in Thornton, CO. Owner carry available.
      8801 Fox Dr, Thornton, CO 80260
      View Details
    • $1,300,000
      4,896 SF

      Federal Heights Commercial Property

      Mixed-use building, high potential.
      2975 92 Ave, Federal Heights, CO 80260
      View Details
    • $400,000
      1,472 SF

      Renovated Condo with Scenic Views

      Move-in ready 3-bed, 2.5-bath condo with modern upgrades and convenient location.
      8944 Fox Dr, Denver, CO 80260
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,627 SF

      Northglenn Professional Office Building Space

      Six-story office building with renovated common areas and convenient location.
      10701 Melody Dr, Northglenn, CO 80260
      View Details
    • $22 SF/Yr
      100,624 SF

      Thornton Medical Office For Lease

      Medical office space available in Thornton Healthcare Plaza.
      9461 Huron St, Thornton, CO 80260
      View Details
    • $22 SF/Yr

      Thornton Medical Office Space Available

      Medical office space in Thornton Healthcare Plaza for rent.
      9461 Huron St, Thornton, CO 80260
      View Details
    • $22 SF/Yr
      2,837 SF

      Thornton Medical Office Suite 110

      8 Exam Rooms, Prime Thornton Location
      9461 Huron St, Thornton, CO 80260
      View Details
    • $22 SF/Yr
      2,837 SF

      Medical Office in Thornton Plaza

      Medical office space available in Thornton Healthcare Plaza.
      9461 Huron St, Denver, CO 80260
      View Details
    • Contact for pricing
      1,178 SF

      Renovated Office Space Available

      Newly renovated office space with kitchenette and easy highway access.
      10190 Bannock St, Northglenn, CO 80260
      View Details

    Property Visit Statistics

    • Visits by month
      698
    • Visitors by month
      429
    • Avg Time on site
      26 min
    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.
    8451 Delaware St
    Thornton, CO 80260-4821
    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!