Building Details

Year Built 1981

Listing Agency: Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Listed By: Charles Burkhart · License #100103787 Show Phone

Source: Englehomesgroup

Added: Aug 5 Changed: Oct 9 Last Checked: Oct 15 at 12:58AM

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Investment Insights

Based on property information with market context.

Built in 1981, this multifamily property features updated interiors with new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and contemporary fixtures. The all-electric building is complemented by a zero-scaped exterior designed for lower-maintenance upkeep. PropertySize is reported as 3,400, without a unit of measure provided.

The property is located at 10775 W 13th Ave in Denver’s Lakewood submarket, with access to Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line. The surrounding area also provides access to shopping, dining, employment centers, public transportation, and outdoor recreation.

Key Highlights

• Built in 1981
• Updated cabinetry, countertops, flooring, bathroom finishes, and fixtures
• All‑electric multifamily property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,624

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,032,480 $1.0M

Cap Rate 7%

$737,486 $737.5K

Cap Rate 9%

$573,600 $573.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,400 SF

Gross rent

$100.0K $29.40/SF

− Vacancy

−$6.1K −$1.79/SF

EGI

$93.9K $27.61/SF

− OpEx

−$42.2K −$12.42/SF

NOI

$51.6K $15.18/SF

Area

Denver, CO

Vacancy

6.10%

Lease Rate

$29.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,032,480

Cap Rate 7%

$737,486

Cap Rate 9%

$573,600

Alternative Uses

Best Use

Apartment 5plus

$737.5K

$645.3K – $860.4K (±1% cap)

NOI $51,624 @ 7.0% cap · market cap 5.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.08M

$947.1K – $1.26M (±1% cap)

NOI $75,764 @ 7.0% cap · market cap 7.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Daycare Center Food Market Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

947

Businesses Nearby

Explore this area Business Placement

Demographics for 80215, CO

19,908

Population

9,156

Households

2.2

Avg Household Size

42

Median Age

49%

College-Educated

97%

High-School Grad

5.5 sq mi

ZIP Area

3,620

Density / Sq Mi

$85,017

Median Household Income

$49,100

Median Earnings

$1,728

Median Rent

$615,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - All-electric multifamily property with renovated interiors and a low-maintenance zero-scaped exterior.

Where is this multifamily property located?

The property is located at 10775 W 13th Ave Denver, CO.

What is the asking price?

The asking price for this property is $970,000.

What are key features of this property?

This property features: Built in 1981; Updated cabinetry, countertops, flooring, bathroom finishes, and fixtures; All‑electric multifamily property