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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Garden apartment buildings
1020 Logan St Denver, CO 80203-3065
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0854286
Property summary
AI-generated overview
Exceptional opportunity to acquire a 55-unit multifamily portfolio in Denver, CO, comprised of two properties totaling 26,550 square feet on 0.52 acres. The portfolio includes the 38-unit Deville Apartments in the Capitol Hill neighborhood and the 17-unit Washington Plaza Apartments in the Alamo Placita neighborhood. Both properties offer significant value-add potential. Deville features 38 studio/one-bathroom units, 22 parking spaces, an elevator, and laundry facilities
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
20,964 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-5
APN
05038-04-007-000
UPID
US13-0854286
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
-
Deville Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$4.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
1020 N Logan LLC · 1 yrs held
1020 N Logan LLC
since 2024
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,300,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
$5,305,000
6.5%
$4,895,000
7%
$4,545,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,805,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,785,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$6,740,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$6,365,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.30M (Nov 19 2024)
Last sale anchor
$4.30M
Nov 19 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
$205 / 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
$42,973
Tax year 2023
Assessed value
$554,590
Assessed 2023
Previous assessed
$425,960
+30.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$49,650
Assessed improvement
$504,940
Land market value
$796,000
Improvement market value
$7,536,400
Total market value
$8,332,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
HOT WATER
Stories
3
Units
37
Rooms
74
Bathrooms
1
Total area
20,964 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-5
APN
05038-04-007-000
UPID
US13-0854286
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-5 · 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
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1957
Construction
WOOD
Heating
HOT WATER
Stories
3
Units
37
Rooms
74
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
1020 N Logan LLC
Entity
Mailing address
755 CIELO LN, EVERGREEN, CO 80439-9724
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$4,300,000
1020 N Logan LLC
Deville Apartments LLC
Special Warranty Deed
$4,692,917 · Lakeside Bank
Aug 14, 2009
—
Deville Apartments LLC
Cornell,bobby D & Margaruitte A
Quit Claim Deed
related
—
Jul 18, 2008
—
Bobby D Cornell
—
Deed Of Trust
related
$5,850,000 · Mile High Bank NA
—
—
Bobby D Cornell
—
Deed Of Trust
related
$568,750 · Southern Pacific Bank
—
—
Deville Apartments LLC
—
Deed Of Trust
related
$1,100,000 · Bank Financial Fsb
—
—
Bobby D Cornell
—
Deed Of Trust
related
$1,340,000 · Washington Mutual Fsb
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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