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    Property profile & analytics

    9792 E Hanover Ct Commerce City, CO 80602

    • Office buildings
    • 7,500 SF
    • 2.51 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1453785
    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 9792 E Hanover Ct

    Year built
    2019
    Lot size
    2.51 lot acres
    Property size
    7,500 SF
    Property type
    Office buildings
    APN
    R0115445
    APU
    R0115445

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,955,000
      6.5%
      $1,805,000
      7%
      $1,675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,729,000
      Market price range: $285k - $1.73M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,920,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,435,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,430,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $2,410,000
      Change: +26% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,330,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $2,275,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce City
    County
    Adams
    State
    Colorado
    Longitude
    -104.867
    Latitude
    39.8745
    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
    $113,721
    $167,910
    $1,082,460
    $1,250,370
    -
    $601,825
    $3,879,808
    $4,481,633

    Comparable in this City

    • Value Estimation
      $3,405,000
      15,000 SF

      7780 96th Ave

      OFFICE BUILDING • 15,000 SF
      7780 96th Ave, Commerce City, CO 80640-8534
      View Details
    • Value Estimation
      $1,570,000
      6,000 SF

      6245 88th Ave

      OFFICE BUILDING • 6,000 SF
      6245 88th Ave, Henderson, CO 80640-7802
      View Details
    • Value Estimation by Request
      770 SF

      7130 91st Ave

      OFFICE BUILDING • 770 SF
      7130 91st Ave, Henderson, CO 80640-8248
      View Details
    • Value Estimation by Request
      948 SF

      10701 120th Ave

      OFFICE BUILDING • 948 SF
      10701 120th Ave, Henderson, CO 80640-9737
      View Details
    • Value Estimation by Request
      1,798 SF

      12331 Peoria St

      OFFICE BUILDING • 1,798 SF
      12331 Peoria St, Henderson, CO 80640-9650
      View Details
    • Value Estimation by Request
      1,643 SF

      8581 96th Ave

      OFFICE BUILDING • 1,643 SF
      8581 96th Ave, Commerce City, CO 80640-8541
      View Details

    Similar Nearby for Sale

    • $950,000

      Functional Warehouse with Updated Office

      Two-bay warehouse with office, fenced yard, and highway access.
      10701 East 120Th Ave, Henderson, CO 80640
      View Details
    • Contact for pricing

      Commerce City Development Opportunity

      Land parcel with high visibility in growing Commerce City.
      11703 E 104Th Ave, Henderson, CO 80640
      View Details
    • Contact for pricing

      Retail Ready Land For Sale

      Retail-ready land near I-76 and Highway 2, high-growth area.
      Paris St, Henderson, CO 80640
      View Details
    • Contact for pricing

      3.5 Acre Site Available

      3.5 acre commercial land with high visibility.
      11945 Peoria St, Henderson, CO 80640
      View Details
    • $1,500,000
      Pending

      20.41 Acres Undeveloped Land

      Undeveloped land with unparalleled highway access in Adams County.
      7061 E 96Th Ave, Henderson, CO 80640
      View Details
    • Contact for pricing
      1.80 Acres

      Henderson Commercial Land Opportunity

      1.8-acre retail land, high visibility.
      11749 104Th Ave, Henderson, CO 80640
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      51,640 SF

      Henderson Industrial Portfolio: Prime Location

      Multiple Suites, Flexible Spaces, I-76 Access
      8777 Brighton Rd, Henderson, CO 80640
      View Details
    • Contact for pricing
      157,845 SF

      Extensive Warehouse and Office Space

      Large industrial complex with office, warehouse, cooler, and freezer space.
      8125 E 88Th Ave, Henderson, CO 80640
      View Details
    • Contact for pricing
      434,149 SF

      Irondale Warehouse Space Available

      Denver-area Freezer, Cooler, Dry Warehouse
      8001 88Th Ave, Henderson, CO 80640
      View Details
    • $19 SF/Yr
      16,800 SF

      Luxury Garage Condo Unit B10

      Adams County Warehouse Space For Sale/Lease
      9658 Havana St, Commerce City, CO 80640
      View Details
    • Contact for pricing
      140,630 SF

      Rail-Served Industrial Warehouse Available

      140,630 SF warehouse with BNSF rail access for lease.
      9410 Heinz Way, Henderson, CO 80640
      View Details
    • $19 SF/Yr
      16,800 SF

      Luxury Garage Condo Unit B02

      Commerce City Warehouse Space For Sale/Lease
      9658 Havana St, Commerce City, CO 80640
      View Details
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    Commerce City, CO 80602
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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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