Denver Police and the Adams County Sheriff's office in Colorado think they are closing in on a suspect they believe was involved in an armed robbery and a home invasion early Friday morning.

A break-in occurred around 3 a.m. on Friday but police weren't called until around 4:30 a.m. The victim in the case said the suspect tied him up and threatened him with automatic weapons. The suspect then stole the victim's computer and an undisclosed amount of money, police said. The victim said he knows the suspect.

The suspect led police on a car chase through the northern Denver suburbs but changed cars.

One of the vehicles he was seen driving in was a stolen vehicle Nissan Xterra, police said. He was seen from media helicopters as he suddenly stopped and exited the car, ran down the street with a bag in his hand, then turn around when he realized there was a big wall in front of him, according to police. He then ran back to the car and continued driving. The suspect, who was described as a heavyset Hispanic male wearing jeans and a white sleeveless shirt, eventually stopped inside the Conifer Landing Apartments in southern Adams County.

Police, including SWAT team members, were searching the area around the apartment complex, which is located in Thornton, Colo., north of Denver. Canine units were also aiding in the search.

Police used reverse 911 to notify residents of the situation, reports FOX affiliate KDVR. Residents were advised to stay inside and lock their doors because the suspect was believed to be armed and dangerous.

Adams County authorities say they are bringing in city buses to evacuate several hundred people from the apartment complex where they believe the armed suspect may be hiding. They say the man does not live in the complex where he is believed to be holed up.

Western Hills Elementary School and the Global Leadership Academy are both on lockdown, reports KDVR. Everyone at the schools was safe.

Click here to watch the KDVR report

FOX News' Carol McKinley contributed to this report.