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Property profile & analytics
FOR LEASE
Office buildings
101 W Colfax Ave Denver, CO 80202
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-2800595
For Lease
Contact for pricing
101 W Colfax Ave, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Construction
CONCRETE
Total area
313,266 SF
Lot
1.45 ac (62,960 SF)
Zoning code
PUD
APN
02346-23-032-000
UPID
US13-2800595
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
-
Avail car sharing Car Rental Facility
-
Denver HIV Resources Planning Council Charitable Organization Social Service Agency
-
Denver Department of Public Health & Environment City Government Office
-
Zachry Group Construction Company
-
Superior Court Library Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$88.68M
Owner & transaction history
Kayan LLC · 19 yrs held
Kayan LLC
since 2006
Last sale
$88.5M
3 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$128.1M
+9.2%
Auto repair, garage
$125.5M
+7.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$117,310,000
Current use
RESTAURANT
$128,115,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$125,470,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$101,675,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$101,395,000
Change: -14% · Conversion: Easy
RETAIL STORES
$100,745,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$97,380,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$95,125,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$88.68M
Range $79.81M – $97.54M · ±10% · vs last sale $88.50M (Jan 11 2024)
Last sale anchor
$88.50M
Jan 11 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
$283 / 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
$919,612
Tax year 2023
Assessed value
$23,089,710
Assessed 2023
Previous assessed
$24,507,180
-5.8% YoY
Effective rate
3.98%
On assessed value
Assessed land
$4,646,580
Assessed improvement
$18,443,130
Land market value
$16,684,400
Improvement market value
$66,104,400
Total market value
$82,788,800
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
11
Units
5
Total area
313,266 SF
Lot
1.45 ac (62,960 SF)
Zoning code
PUD
APN
02346-23-032-000
UPID
US13-2800595
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
$117.3M
RESTAURANT
Est. value
$128.1M
AUTO REPAIR, GARAGE
Est. value
$125.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$101.7M
COMMERCIAL (GENERAL)
Est. value
$101.4M
RETAIL STORES
Est. value
$100.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$97.4M
MEDICAL BUILDING
Est. value
$95.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Year built
2005
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
11
Buildings
2
Units
5
Lot
1.45 ac
Current owner
From public records · entity-resolved
Kayan LLC
Entity
Mailing address
5990 WASHINGTON ST, DENVER, CO 80216-1349
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2006
—
Kayan LLC
—
Deed Of Trust
related
$80,800,640 · Academy Nat'l Bk NA
Oct 6, 2006
$93,415,000
Kayan LLC
Co Newspaper LLC
Special Warranty Deed
$16,295,962 · Wachovia Bank NA
—
—
Kayan LLC
—
Loan Modification
related
$80,800,640 · Us 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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