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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Commercial real estate
1001 17th St Ste 650 Denver, CO 80202-2427
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0258083
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
25,047 SF
Lot
0.58 ac (25,047 SF)
Zoning code
D-C
APN
02345-28-023-000
UPID
US13-0258083
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
-
KPMG Ignition (Bike/Boat/Book/etc) Store Corporate Office
-
Merlin Law Group, PLLC Law Firm
-
Andrew D. Ringel Law Firm Insurance Agency
-
Hall & Evans LLC: Bolmer II John E Law Firm Insurance Agency
-
WB Supply LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
Harbinger Ptrs 650 17th LLC · 6 yrs held
Harbinger Ptrs 650 17th LLC
since 2019
7 recorded transactions
Zoning & alternative use
D-C · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.1M
+0.3%
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%
$5,880,000
6.5%
$5,425,000
7%
$5,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,130,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$8,055,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,785,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$7,605,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±10%
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
$198 / 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
$189,541
Tax year 2023
Assessed value
$2,446,130
Assessed 2023
Previous assessed
$2,542,580
-3.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$2,445,850
Assessed improvement
$280
Land market value
$8,766,500
Improvement market value
$1,000
Total market value
$8,767,500
Applied tax rate
320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
25,047 SF
Lot
0.58 ac (25,047 SF)
Zoning code
D-C
APN
02345-28-023-000
UPID
US13-0258083
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
COMMERCIAL (GENERAL) Current
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
RETAIL STORES
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.6M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Harbinger Ptrs 650 17th LLC
Entity
Mailing address
1229 S TAMIAMI TRL, SARASOTA, FL 34239-2208
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
Harbinger Ptrs 650 17th LLC
Paradise Invs Prop LLC
Trustees Deed
$20,000,000 · Bank Of America
Oct 22, 2004
—
Paradise Investment Props LLC
—
Deed Of Trust
related
$18,100,000 · Commercial Federal Bank
Jun 24, 2002
—
Investment Properties Paradise
Cavalli,michel A
Grant Deed
related
—
—
—
Paradise Investment Props LLC
—
Loan Modification
related
$20,000,000 · Commerce Bk
—
—
Paradise Investment Props LLC
—
Deed Of Trust
related
—
—
—
Paradise Props Investments LLC
—
Deed Of Trust
related
$43,000 · Firstbank Of Denver NA
—
—
Paradise Investment Props LLC
—
Loan Modification
related
$21,799,752 · Commerce Bk
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.
Try Rey
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