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Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Retail space
1038 6th Ave Denver, CO 80218-3303
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1005030
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD
Total area
10,437 SF
Lot
0.58 ac (25,372 SF)
Zoning code
U-MX-2
APN
05112-05-034-000
UPID
US13-1005030
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
-
Bryan Niklawski - Chase Home Lending Advisor - NMLS ID 240542 Loan Service Bank
-
Chase Bank Bank Loan Service
-
VCA Firehouse Animal Hospital Veterinary Clinic
-
ATM (Chase Bank) Atm
-
Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$4.50M
Owner & transaction history
Broadway Partners 1 LLC · 5 yrs held
Broadway Partners 1 LLC
since 2021
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
U-MX-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+27.2%
Auto repair, garage
$4.2M
+24.5%
Apartment house (5+ units)
$3.8M
+14.4%
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
$4,485,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,355,000
Current use
RESTAURANT
$4,270,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,180,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,840,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,385,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,380,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$3,170,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±10% · vs last sale $4.75M (May 4 2021)
Last sale anchor
$4.75M
May 4 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
$431 / 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
$61,237
Tax year 2023
Assessed value
$790,300
Assessed 2023
Previous assessed
$707,190
+11.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$628,730
Assessed improvement
$161,570
Land market value
$2,283,500
Improvement market value
$579,100
Total market value
$2,862,600
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
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
4
Total area
10,437 SF
Lot
0.58 ac (25,372 SF)
Zoning code
U-MX-2
APN
05112-05-034-000
UPID
US13-1005030
Jurisdiction
DENVER
Zoning & alternative use
U-MX-2 · Denver, CO
Zoning U-MX-2 · permitted uses
U-MX-2 · 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
$3.4M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
Broadway Partners 1 LLC
Entity
Mailing address
303 S BROADWAY STE #200, DENVER, CO 80209-1559
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$4,750,000
Broadway Partners 1 LLC
Rak Investments INC
Special Warranty Deed
$3,325,000 · Independent Bank
Dec 14, 2007
—
Ra K Invs INC
Owner Name Unavailable
Grant Deed
related
—
—
—
R A K Investments INC
—
Deed Of Trust
related
$715,000 · American National Bank & Trust
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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