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Property profile & analytics
FOR LEASE
Manufacturing properties
1101 West 48Th Ave Denver, CO 80221
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0029097
For Lease
$41,045,000
1101 West 48Th Ave, Denver, CO 80221
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1980
Construction
CONCRETE
Total area
345,752 SF
Lot
15.28 ac (665,513 SF)
Zoning code
I-B
APN
02164-09-024-000
UPID
US13-0029097
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
-
Ibc Holdings Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.18M
Comparable Approach
Comparable
$45.88M
Blend (final)
Blend
$41.05M
Owner & transaction history
Bpp Pacific Indl Co Reit Owne · 9 yrs held
Bpp Pacific Indl Co Reit Owne
since 2016
7 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%
$48,945,000
6.5%
$45,180,000
7%
$41,950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$63,280,000
Current use
Blend value · Realmo final
$41.05M
Range $36.94M – $45.15M · ±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
$876,188
Tax year 2023
Assessed value
$11,307,700
Assessed 2023
Previous assessed
$9,352,150
+20.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$2,080,500
Assessed improvement
$9,227,200
Land market value
$7,487,000
Improvement market value
$33,072,400
Total market value
$40,559,400
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
345,752 SF
Lot
15.28 ac (665,513 SF)
Zoning code
I-B
APN
02164-09-024-000
UPID
US13-0029097
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$63.3M
INDUSTRIAL (GENERAL) 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
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
15.28 ac
Current owner
From public records · entity-resolved
Bpp Pacific Indl Co Reit Owne
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2016
$37,338,600
Bpp Pacific Indl Co Reit Owne
Lba Of Cpt Industrial-co II LLC
Grant Deed
$1,400,000,000 · Miscellaneous Ins Co
May 18, 2011
—
Lba Riv-co IV LLC
Owner Name Unavailable
Warranty Deed
related
—
Oct 8, 2009
—
Ibc Denver I LLC
—
Deed Of Trust
related
$12,000,000 · Capmark Structured R/e Taxable
Sep 6, 2006
—
City & County Of Denver
Ibc Denver I LLC
Grant Deed
related
—
Oct 20, 2005
$3,070,823
Ibc Denver III LLC
Ibc Denver I
Grant Deed
related
$3,771,378 · J P Morgan Chase Bank
—
—
Lba Of Cpt Industrial-co II LLC
—
Loan Modification
related
$3,420,000 · Prudential Insurance Co Americ
—
—
Bpp Pacific Indl Co Reit Owne
—
Loan Modification
related
—
—
—
Ibc Denver I LLC
—
Deed Of Trust
related
$13,000,000 · Fremont Investment & Loan
—
—
Lba Riv-co Vi LLC
—
Deed Of Trust
related
$3,420,000 · Prudential Insurance Co
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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