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Property profile & analytics
FOR SALE
Office buildings
10885 E 51St Ave, Denver, CO 80239
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0251159
For Sale
1 / 18
$1,650,000
10885 E 51St Ave, Denver, CO 80239
View Listing →
Property summary
AI-generated overview
This exceptional 15,908-square-foot flex facility in Denver, Colorado, presents a unique owner/user opportunity. Situated on a 1.01-acre corner lot at 10885 E 51st Ave, 80239, this property boasts 50 parking spaces and is ideally located just one mile from the I-70/Havana Street exit, providing easy access via I-70, 270, and 225. Built in 1979 and extensively renovated in 2002, the building features a 14-foot ceiling height, an oversized drive-in door, a newly renovated kitchen, and a dedicated conference room. The property also includes a modern HVAC system. Zoned I-B, this versatile space is suitable for a wide range of industrial and flex uses. The ample parking and large lot size offer significant operational advantages. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving Denver market. The asking price is $2,200,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
STEEL FRAME
Total area
15,908 SF
Lot
1.01 ac (44,018 SF)
Zoning code
I-B
APN
01143-01-014-000
UPID
US13-0251159
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
-
Freight All Kinds, LLC Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.90M
Owner & transaction history
10885 E 51st Ave LLC · 10 yrs held
10885 E 51st Ave LLC
since 2015
5 recorded transactions
Zoning & alternative use
I-B · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$119 / 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
$35,545
Tax year 2023
Assessed value
$458,730
Assessed 2023
Previous assessed
$449,500
+2.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$175,850
Assessed improvement
$282,880
Land market value
$660,300
Improvement market value
$1,013,900
Total market value
$1,674,200
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
For Sale
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
9
Total area
15,908 SF
Lot
1.01 ac (44,018 SF)
Zoning code
I-B
APN
01143-01-014-000
UPID
US13-0251159
Jurisdiction
DENVER
Zoning & alternative use
I-B · Denver, CO
Zoning I-B · permitted uses
I-B · 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.
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
9
Lot
1.01 ac
Current owner
From public records · entity-resolved
10885 E 51st Ave LLC
Entity
Mailing address
3626 S JERSEY ST, DENVER, CO 80237-1136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Apr 7, 2017
—
10885 E 51st Ave LLC
—
Deed
related
$300,000 · Collegiate Peaks Bank
Aug 31, 2015
—
10885 E 51st Ave LLC
Lemberg Family Ptshp 1 Lllp
Quit Claim Deed
related
—
Jun 12, 2002
$760,000
Lemberg Partnership #1 Lllp
Highland Properties 6401 LLC
Grant Deed
—
Apr 4, 2002
$760,000
Highland Properties 6401 LLC
Gay,maxine & Norman
Grant Deed
$729,354 · Lemberg Family Partnership #1
—
—
Lemberg Family Partners #1 LLP
—
Deed Of Trust
related
$372,657 · Freight All Kinds INC
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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