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Property profile

185 Steele St Denver, CO 80206

OFF-MARKET
Retail space
Property ID
US13-1144749
8,030 SF 0.29 ac lot Built 2001
Last sale Jan 2022 · $18,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Street-level retail and restaurant spaces are located within the Waldorf Astoria Cherry Creek landmark development at 185 Steele Street in Denver, Colorado. The spaces are set along a pedestrian-oriented corridor designed to serve nearby residential, hotel, hospitality, and visitor traffic. The site is positioned in the Cherry Creek area, with access to retail amenities as well as nearby cultural and outdoor destinations. The building frontage provides ground-level street access suitable for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$157k
Tax billed · 2023
Assessed value$1.65M
Assessed land$1.65M
Assessed improvement$280
Effective rate9.51%

Value estimate

· Nov 2026
$17.86M
$16.07M – $19.64M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$322/SF
Submarket average, outlier-cleaned · 470 recorded sales of this use type
Observed band · Q1–Q3$182 – $469
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-CCN-5
C-CCN-5 C-CCN-7 C-CCN-8 C-CCN-12 Cherry Creek North 3 Cherry Creek North 4 Cherry Creek North 5 Cherry Creek North 7 Cherry Creek North 8...
General categoryMIXED_USE
JurisdictionDENVER

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center10.6
Catering Service9.6
Electrical Service9.0

Location

185 Steele St Denver, CO 80206-5207
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
231 Detroit, Denver, CO 80206-4828 $26,200,000 Jul 2025 8,868 SF
589 Fillmore, Denver, CO 80206-4325 $1,610,551 Aug 2024 5,670 SF
2500 2nd, Denver, CO 80206-4746 $58,850,000 May 2024 7,324 SF
2260 Colfax, Denver, CO 80206-1320 $2,700,000 Aug 2023 10,656 SF
2000 Colfax, Denver, CO 80206-1304 $8,100,000 Jan 2023 10,983 SF
115 Madison, Denver, CO 80206-5404 $2,275,000 Apr 2019 6,306 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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