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Property profile & analytics
FOR SALE
Retail space
1020 15Th St 1V Denver, CO 80202
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0825931
For Sale
1 / 34
$650,000
1020 15Th St,Unit 1V, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
CONCRETE
Total area
2,099 SF
Lot
0 ac (157 SF)
Zoning code
D-TD
APN
02345-38-919-919
UPID
US13-0825931
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
-
Ultimate Denver Gift Basket (Bike/Boat/Book/etc) Store
-
SageWater General Contractor
-
Brooks Tower Residences Condominium Complex Homeowners' Association
-
Adnio Marketing & Advertising (Bike/Boat/Book/etc) Store
-
GARNPO Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$550k
Owner & transaction history
Empowered Investments LLC · 5 yrs held
Empowered Investments LLC
since 2021
Last sale
$620,000
5 recorded transactions
Zoning & alternative use
D-TD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+24.5%
Office building
$785,000
+16.4%
Neighborhood: shopping center
$680,000
+0.9%
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
$585,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$680,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $620k (Feb 19 2021)
Last sale anchor
$620k
Feb 19 2021
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
$262 / 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
$9,718
Tax year 2023
Assessed value
$125,410
Assessed 2023
Previous assessed
$122,930
+2.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$7,200
Assessed improvement
$118,210
Land market value
$55,800
Improvement market value
$423,700
Total market value
$479,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,099 SF
Lot
0 ac (157 SF)
Zoning code
D-TD
APN
02345-38-919-919
UPID
US13-0825931
Jurisdiction
DENVER
Zoning & alternative use
D-TD · Denver, CO
Zoning D-TD · permitted uses
D-TD · 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
RETAIL STORES Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$840,000
OFFICE BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$680,000
MEDICAL BUILDING
Est. value
$635,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0 ac
Current owner
From public records · entity-resolved
Empowered Investments LLC
Entity
Mailing address
8644 MARTIN LUTHER KING BLVD, DENVER, CO 80238-3473
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$620,000
Empowered Investments LLC
Tj Real Estate LLC
Special Warranty Deed
$370,000 · John C Richert Etal
Mar 4, 2015
$375,000
Tj Real Estate LLC
Magna Assocs Liquidati Trust
Grant Deed
—
—
—
Tj Real Estate LLC
—
Deed Of Trust
related
$100,000 · Bank Of The West
—
—
Tj Real Estate LLC
—
Deed Of Trust
related
$262,500 · Bank Of The West
—
—
Magna Assocs Liquidating Trust
—
Deed Of Trust
related
$245,000 · Centennial Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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