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Property profile & analytics
OFF-MARKET
Estimated value
$69,605,000
Garden apartment buildings
10000 Alameda Ave Denver, CO 80247-1311
Entity Owned
14-yr Hold
Free & Clear
Property ID
US13-2831013
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
WOOD
Total area
304,148 SF
Lot
9.14 ac (398,115 SF)
Zoning code
R-2-A
APN
06151-00-045-000
UPID
US13-2831013
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lint Guard Ltd. Hardware & Home Improvement HVAC Service
-
A Touch of Home Food Processing Plant
-
Rose Sign Language Interpreting Co. Business Development Service Deaf Service
-
Ridge at Lowry Real Estate Agency
-
MileHigh Mobile Mechanics LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$71.05M
Comparable Approach
Comparable
$67.38M
Blend (final)
Blend
$69.61M
Owner & transaction history
Rosemont Ridge LLC · 14 yrs held
Rosemont Ridge LLC
since 2011
Last sale
$70.0M
5 recorded transactions
Zoning & alternative use
R-2-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$98.7M
+4.4%
Commercial (general)
$98.4M
+4.1%
Retail stores
$97.8M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$76,970,000
6.5%
$71,045,000
7%
$65,970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$94,545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$98,715,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$98,445,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$97,815,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$92,355,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$77,830,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$69.61M
Range $62.64M – $76.57M · ±10% · vs last sale $70.00M (May 1 2024)
Last sale anchor
$70.00M
May 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$410,886
Tax year 2023
Assessed value
$5,302,710
Assessed 2023
Previous assessed
$3,753,600
+41.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$185,040
Assessed improvement
$5,117,670
Land market value
$2,816,800
Improvement market value
$76,383,200
Total market value
$79,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
3
Units
240
Rooms
86
Bathrooms
1
Total area
304,148 SF
Lot
9.14 ac (398,115 SF)
Zoning code
R-2-A
APN
06151-00-045-000
UPID
US13-2831013
Jurisdiction
DENVER
Zoning & alternative use
R-2-A · Denver, CO
Zoning R-2-A · permitted uses
R-2-A · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$94.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$98.7M
COMMERCIAL (GENERAL)
Est. value
$98.4M
RETAIL STORES
Est. value
$97.8M
MEDICAL BUILDING
Est. value
$92.4M
OFFICE BUILDING
Est. value
$77.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
9
Units
240
Rooms
86
Bathrooms
1
Lot
9.14 ac
Current owner
From public records · entity-resolved
Rosemont Ridge LLC
Entity
Free & Clear · 14 yrs held
Mailing address
660 NEWPORT CTR DR STE #1300, NEWPORT BEACH, CA 92660-6492
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
Lowry Apartments Colorado LLC
—
Deed
related
$46,500,000 · American General Life Insurance Co
Nov 18, 2011
$29,700,000
Rosemont Ridge LLC
Rosemont Ridge At Lowry LLC
Special Warranty Deed
—
Feb 5, 2008
—
Mira Vista Apartments LLC
Lincoln National Life Ins
Grant Deed
$23,000,000 · M & T Realty Capital Corp
Feb 9, 2005
—
Lincoln National Life Ins Co
Mgi Glasier Farms
Quit Claim Deed
related
—
Feb 4, 2005
$23,880,300
Lincoln National Life Ins Co
Mgi Glasier Farms
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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