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

    929 Broadway, Unit 969 Denver, CO 80203-2705

    • Office buildings
    • 47,293 SF
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    $8,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0870312
    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

    • Alto Pharmacy / Pharmacy
    • 929 Broadway Parking / Parking Lot & Garage

    Property Details for 929 Broadway

    Year built
    1974
    Construction
    WOOD
    Lot size
    1.72 lot acres
    Property size
    47,293 SF
    Zone code
    D-GT
    Property type
    Office buildings
    APN
    05037-09-085-000
    APU
    503709085000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,320,000
      6.5%
      $11,370,000
      7%
      $10,560,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,100,000
      Current use
      MEDICAL BUILDING
      $14,360,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.988
    Latitude
    39.7313
    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
    $404,722
    $5,222,880
    $280
    $5,223,160
    -
    $18,750,000
    $1,000
    $18,751,000

    Comparable in this City

    • Value Estimation by Request

      655 Broadway

      OFFICE BUILDING
      655 Broadway, Denver, CO 80203-3420
      View Details
    • Value Estimation
      $1,535,000
      9,478 SF

      850 Lincoln St

      OFFICE BUILDING • 9,478 SF
      850 Lincoln St, Denver, CO 80203-2710
      View Details
    • Value Estimation
      $4,195,000
      28,488 SF

      38 5th Ave

      OFFICE BUILDING • 28,488 SF
      38 5th Ave, Denver, CO 80203-3436
      View Details
    • Value Estimation
      $2,460,000
      17,328 SF

      300 9th Ave

      OFFICE BUILDING • 17,328 SF
      300 9th Ave, Denver, CO 80203-2732
      View Details
    • Value Estimation
      $5,220,000
      32,023 SF

      1780 Pennsylvania St

      OFFICE BUILDING • 32,023 SF
      1780 Pennsylvania St, Denver, CO 80203-1533
      View Details
    • Value Estimation
      $14,190,000
      124,627 SF

      1301 Pennsylvania St

      OFFICE BUILDING (MULTI-STORY) • 124,627 SF
      1301 Pennsylvania St, Denver, CO 80203-2416
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,863 SF

      Denver Office Building For Sale

      Prime Denver location, renovated office building with modern functionality.
      51 4Th Ave, Denver, CO 80203
      View Details
    • $2,995,000

      Denver Office Building For Sale

      21,721 SF office building in Denver's Capitol Hill district.
      1640 Grant St, Denver, CO 80203
      View Details
    • Contact for pricing
      15,603 SF

      Denver Urban Infill Opportunity

      Prime real estate with I-25 visibility and Light Rail access.
      1165 Pennsylvania St, Denver, CO 80203
      View Details
    • $4,500,000

      Two-Story Office Building For Sale

      Two-story office building with parking in Denver's South Midtown.
      511 Broadway, Denver, CO 80203
      View Details
    • $1,295,000

      Historic Victorian Office-Residence For Sale

      Restored 1890 Queen Anne Victorian in Capitol Hill.
      1129 N Pennsylvania St, Denver, CO 80203
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo

      Denver Office Space For Lease

      10,157 SF office building with parking and ADA access.
      1544 N Pearl St, Denver, CO 80203
      View Details
    • $10 SF/Yr
      21,000 SF

      Introducing 1147 Broadway, a Versatile Office Flex Space in the Heart of Denver, CO

      Introducing 1147 Broadway, a Versatile Office Flex Space in the Heart of Denver, CO
      1147 Broadway, Denver, CO 80203
      View Details
    • Contact for pricing
      1,219,687 SF

      Denver Landmark Office Building

      Prestigious office building with modern amenities and high-end finishes.
      1700 Lincoln St, Denver, CO 80203
      View Details
    • $20 SF/Yr

      Denver Uptown Office Space

      High-quality office space in Denver's vibrant Uptown neighborhood.
      1645-1655 Grant St, Denver, CO 80203
      View Details
    • $21 SF/Yr
      17,783 SF

      Denver Office Space For Rent

      Office space available for lease in Denver, Colorado.
      1888 Sherman St, Denver, CO 80203
      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.
    929 Broadway, Unit 969
    Denver, CO 80203-2705
    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!