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

    951 Vallejo St Denver, CO 80204-3842

    • Warehouses
    • 6,035 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2025
    $1,250,000
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0849072
    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

    • Warehouses

    Property Details for 951 Vallejo St

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    6,035 SF
    Zone code
    I-B
    Property type
    Warehouses
    APN
    05043-38-001-000
    APU
    504338001000

    Description

    This centrally located Denver industrial property offers 6,050 square feet of versatile space, ideal for owner-users. The building, constructed in 1963 and fully renovated in 2000, boasts 3,700 square feet of finished office space, complementing the warehouse area. Loading is facilitated by two drive-in doors and an exterior half dock, ensuring efficient operations. The 12-foot clear height provides ample vertical space, while gas heat and 208/230 3-phase Delta power cater to diverse industrial needs. Built with durable concrete, steel, and masonry, this single-story building sits on a spacious 13,219 square foot lot, offering ample parking and outdoor space. The I-B General Industrial zoning allows for a wide range of uses. Currently vacant, the property is available for occupancy on October 8, 2024. This exceptional property presents a unique opportunity for businesses seeking a well-maintained, conveniently located industrial space with excellent access to I-25. The asking price is $1,500,000. One dock-high door is included.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $952,000
      Market price range: $690k - $1.17M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $890,000
      Current use
      MEDICAL BUILDING
      $1,835,000
      Change: +106% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,805,000
      Change: +103% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.013
    Latitude
    39.7317
    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
    $22,352
    $176,050
    $112,410
    $288,460
    -
    $661,000
    $402,900
    $1,063,900

    Comparable in this City

    • Value Estimation by Request
      11,900 SF

      2500 5Th Ave

      Distribution properties • 11,900 SF
      2500 5Th Ave, Denver, CO 80204
      View Details
    • Value Estimation by Request
      1,996 SF

      400 Bryant St

      WAREHOUSE, STORAGE • 1,996 SF
      400 Bryant St, Denver, CO 80204
      View Details
    • Value Estimation
      $2,475,000
      28,672 SF

      2601 7th Ave

      WAREHOUSE, STORAGE • 28,672 SF
      2601 7th Ave, Denver, CO 80204-4112
      View Details
    • Value Estimation
      $600,000
      2,938 SF

      643 Kalamath St

      WAREHOUSE, STORAGE • 2,938 SF
      643 Kalamath St, Denver, CO 80204-4424
      View Details
    • Value Estimation
      $2,870,000
      34,099 SF

      2505 7th Ave

      WAREHOUSE, STORAGE • 34,099 SF
      2505 7th Ave, Denver, CO 80204-4110
      View Details
    • Value Estimation
      $3,095,000
      37,253 SF

      677 Alcott St

      WAREHOUSE, STORAGE • 37,253 SF
      677 Alcott St, Denver, CO 80204-4120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,999 SF

      Denver Warehouse with Highway Visibility

      Warehouse with central location, highway visibility, and enterprise zone benefits.
      400 Quivas St, Denver, CO 80204
      View Details
    • Contact for pricing
      19,860 SF

      Clear Span Industrial Building

      Adaptable industrial building with excellent accessibility in a prime location.
      695 Canosa Ct, Denver, CO 80204
      View Details
    • Contact for pricing
      66,216 SF

      Denver Industrial Building For Sale

      66,216 SF industrial building with income from self-storage operation.
      1475-1493 S Acoma St, Denver, CO 80204
      View Details
    • Contact for pricing
      36,130 SF

      Central Denver Warehouse/Distribution Space

      Excellent location with immediate interstate access and freeway visibility.
      5800 Federal Blvd, Denver, CO 80204
      View Details
    • Contact for pricing
      12,000 SF

      Denver Warehouse Investment Opportunity

      12,000 SF warehouse with value-add potential in Denver.
      2390 Kalamath St, Denver, CO 80204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,904 SF

      Industrial Space with Wood Shop

      Turn-key industrial space featuring a wood shop build-out.
      1125 S Inca St, Denver, CO 80204
      View Details
    • Contact for pricing
      10,600 SF

      Denver Distribution Space For Lease

      Functional distribution space with premier highway access in central Denver.
      5150-5160 Fox St, Denver, CO 80204
      View Details
    • $5,000 /Mo
      3,136 SF

      Freestanding Industrial Building with Crane

      Industrial building featuring a fenced yard, crane, and floor drains.
      2200 S Fox St, Denver, CO 80204
      View Details
    • $12 SF/Yr
      5,181 SF

      Denver Warehouse with Secure Yard

      5,181 SF warehouse with secure yard for lease.
      1276 S Bannock St, Denver, CO 80204
      View Details
    • $13 SF/Yr

      Renovated Flex Space Near I-25

      Well-located, renovated flex space with fenced parking and industrial zoning.
      777 Umatilla St, Denver, CO 80204
      View Details
    • Contact for pricing

      Clear Span Warehouse Building

      Adaptable warehouse space with excellent accessibility in a prime location.
      695 Canosa Ct, Denver, CO 80204
      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.
    951 Vallejo St
    Denver, CO 80204-3842
    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!