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

    850 88th Ave Thornton, CO 80229-4999

    • Grocery and convenience stores
    • 51,660 SF
    • 6.09 lot acres
    OFF-MARKET
    Value Estimations
    $6,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1085638
    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

    • Grocery and convenience stores

    Property Details for 850 88th Ave

    Year built
    2008
    Lot size
    6.09 lot acres
    Property size
    51,660 SF
    Property type
    Grocery and convenience stores
    APN
    R0175862
    APU
    R0175862

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,700,000
      6.5%
      $8,030,000
      7%
      $7,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.975
    Latitude
    39.8551
    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
    $264,538
    $222,220
    $1,507,350
    $1,729,570
    -
    $796,500
    $5,402,700
    $6,199,200

    Comparable in this City

    • Value Estimation
      $6,595,000
      58,296 SF

      771 Thornton Pkwy

      GROCERY, SUPERMARKET • 58,296 SF
      771 Thornton Pkwy, Thornton, CO 80229-3680
      View Details
    • Value Estimation by Request
      2,156 SF

      8290 Washington St

      CONVENIENCE STORE • 2,156 SF
      8290 Washington St, Denver, CO 80229-5849
      View Details
    • Value Estimation
      $2,305,000
      1,152 SF

      680 84th Ave

      CONVENIENCE STORE • 1,152 SF
      680 84th Ave, Thornton, CO 80229-5330
      View Details
    • Value Estimation
      $2,355,000
      2,467 SF

      2301 88th Ave

      CONVENIENCE STORE • 2,467 SF
      2301 88th Ave, Thornton, CO 80229-5100
      View Details
    • Value Estimation
      $3,975,000
      37,700 SF

      8978 Washington St

      GROCERY, SUPERMARKET • 37,700 SF
      8978 Washington St, Thornton, CO 80229-4537
      View Details
    • Value Estimation by Request
      312 SF

      8875 Washington St

      CONVENIENCE STORE • 312 SF
      8875 Washington St, Thornton, CO 80229-4534
      View Details

    Similar Nearby for Sale

    • $4,500,000
      16,751 SF

      Retail/Flex Single Tenant Building High I-25 Visibility

      Retail/Flex Single Tenant Building High I-25 Visibility For Sale
      8651 Grant St, Thornton, CO 80229
      View Details
    • $1,100,000
      2,870 SF

      Retail Property in Thornton Area

      Retail property available for sale in the Thornton area.
      7850 Washington St, Denver, CO 80229
      View Details
    • Contact for pricing
      157,473 SF

      Point Central Business Park: Denver Warehouse

      Class A warehouse, 157,473 SF, Denver
      1051 73Rd Ave, Denver, CO 80229
      View Details
    • $260,000
      1,082 SF

      Updated Condo with Modern Amenities

      Updated 2-bedroom, 2-bath condo with modern kitchen and spacious deck.
      875 E 78Th Ave, Denver, CO 80229
      View Details
    • $775,000
      3,407 SF

      Denver Senior Living Facility

      15-bed senior living facility with business included in sale.
      8330 Clarkson St, Denver, CO 80229
      View Details
    • $550,000

      Denver Specialty Property For Sale

      Specialty property available for purchase in Denver, Colorado.
      7950 Patricia Dr, Denver, CO 80229
      View Details

    Similar Nearby for Lease

    • $4,225 /Mo
      3,520 SF

      Versatile Denver Space For Rent

      Office, showroom, retail, and warehouse space in Denver.
      850 E 73Rd Ave, Denver, CO 80229
      View Details
    • $20 SF/Yr
      16,751 SF

      Retail/Flex Single Tenant Building High I-25 Visibility

      Retail/Flex Single Tenant Building High I-25 Visibility
      8651 Grant St, Thornton, CO 80229
      View Details
    • $3,130 /Mo
      1,190 SF

      Denver Office, Showroom, Warehouse Space

      Versatile space in north-central Denver with excellent visibility and access.
      800-850 E 73Rd Ave, Denver, CO 80229
      View Details
    • Contact for pricing
      46,170 SF

      Thornton Marketplace Retail Space

      High-traffic retail space in Thornton, CO
      550 102Nd Ave, Thornton, CO 80229
      View Details
    • Contact for pricing

      Secured Parking Lot with Amenities

      Gravel parking lot featuring security and automated access.
      3740 E 64Th Ave, Commerce City, CO 80229
      View Details
    • $30 SF/Yr
      111,902 SF

      Thornton Medical Office Space For Lease

      Prime Thornton medical office suites available.
      9351 Grant St, Thornton, CO 80229
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      3.6k
    • Avg Time on site
      33 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.
    850 88th Ave
    Thornton, CO 80229-4999
    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.