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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Office buildings
1007 Colfax Ave Denver, CO 80218-1916
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0263164
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
WOOD
Total area
6,000 SF
Lot
0.65 ac (28,375 SF)
Zoning code
C-MS-8
APN
02354-26-021-000
UPID
US13-0263164
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
-
Touchstone Imaging Uptown Medical Clinic
-
Blockbuster Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.38M
Owner & transaction history
1007 E Colfax LLC · 5 yrs held
1007 E Colfax LLC
since 2021
1 recorded transaction
Zoning & alternative use
C-MS-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+43.8%
Neighborhood: shopping center
$1.9M
+26.8%
Commercial (general)
$1.9M
+26.5%
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%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,535,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,945,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,940,000
Change: +26% · Conversion: Easy
RETAIL STORES
$1,930,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,820,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$230 / 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
$103,298
Tax year 2023
Assessed value
$1,179,420
Assessed 2023
Previous assessed
$740,890
+59.2% YoY
Effective rate
8.76%
On assessed value
Assessed land
$1,179,140
Assessed improvement
$280
Land market value
$4,256,300
Improvement market value
$1,000
Total market value
$4,257,300
Applied tax rate
188.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
9
Total area
6,000 SF
Lot
0.65 ac (28,375 SF)
Zoning code
C-MS-8
APN
02354-26-021-000
UPID
US13-0263164
Jurisdiction
DENVER
Zoning & alternative use
C-MS-8 · Denver, CO
Zoning C-MS-8 · permitted uses
C-MS-8 · 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
OFFICE BUILDING Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
Year built
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
9
Lot
0.65 ac
Current owner
From public records · entity-resolved
1007 E Colfax LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 3403, CENTENNIAL, CO 80161-3403
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
1007 E Colfax LLC
Wiss LLC
Bargain And Sale 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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