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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Office buildings
1040 Gaylord St Denver, CO 80209-4636
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0699965
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
8,845 SF
Lot
0.14 ac (6,300 SF)
Zoning code
U-MS-2
APN
05144-27-004-000
UPID
US13-0699965
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
-
META Landscape Architecture Landscaping (Bike/Boat/Book/etc) Store
-
Park Coworking Coworking & Hybrid Office
-
Santistevan Rueben C DC Alternative Medicine Practice
-
Magnetika Advertising Agency Marketing & Advertising
-
Magneti Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Elea Development LLC · 9 yrs held
Elea Development LLC
since 2017
7 recorded transactions
Zoning & alternative use
U-MS-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,305,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,265,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$172 / 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
$71,911
Tax year 2023
Assessed value
$879,320
Assessed 2023
Previous assessed
$802,350
+9.6% YoY
Effective rate
8.18%
On assessed value
Assessed land
$264,070
Assessed improvement
$615,250
Land market value
$976,500
Improvement market value
$2,205,200
Total market value
$3,181,700
Applied tax rate
310.0000
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
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
9
Total area
8,845 SF
Lot
0.14 ac (6,300 SF)
Zoning code
U-MS-2
APN
05144-27-004-000
UPID
US13-0699965
Jurisdiction
DENVER
Zoning & alternative use
U-MS-2 · Denver, CO
Zoning U-MS-2 · permitted uses
U-MS-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
OFFICE BUILDING Current
Est. value
$2.3M
OFFICE BUILDING Current
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
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
9
Lot
0.14 ac
Current owner
From public records · entity-resolved
Elea Development LLC
Entity
Mailing address
1093 S YORK ST, DENVER, CO 80209-4650
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
—
1032 1034 S Gaylord LLC
—
Deed
related
$8,800,000 · Standard Insurance Co
Jul 24, 2023
—
Elea Development LLC
—
Deed
related
$2,500,000 · North Valley Bank
Jul 14, 2021
—
Elea Development LLC
—
Deed
related
$6,565,546 · North Valley Bank
May 1, 2020
—
1032-1034 S Gaylord LLC
—
Deed Of Trust
related
$2,782,500 · North Vly Bk
Aug 20, 2019
—
Elea Dev LLC
—
Deed
related
$3,825,000 · North Vly Bk
Apr 17, 2017
$2,900,000
Elea Development LLC
De Sena Investments Lllp
Warranty Deed
—
—
—
Investments Lllp Desena
—
Deed Of Trust
related
$250,000 · Commercial Federal Bank
—
—
Elea Dev LLC
—
Loan Modification
related
$3,825,000 · North Vly 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
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