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Property profile & analytics
FOR SALE
Apartment buildings
1109 Emerson St Denver, CO 80218
Entity Owned
5-yr Hold
Property ID
US13-0741204
For Sale
1 / 2
$1,205,000
1109 Emerson St, Denver, CO 80218
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1894
Total area
3,514 SF
Lot
0.14 ac (6,250 SF)
Zoning code
G-RH-3
APN
05022-29-012-000
UPID
US13-0741204
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.27M
Owner & transaction history
Locally Built Wealth LLC · 5 yrs held
Locally Built Wealth LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
G-RH-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+8.9%
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
$1,275,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,295,000
Current use
AUTO REPAIR, GARAGE
$1,405,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,135,000
Change: -12% · Conversion: Moderate
RETAIL STORES
$1,130,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$1,065,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.21M (Aug 18 2020)
Last sale anchor
$1.21M
Aug 18 2020
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
$360 / 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
$6,985
Tax year 2023
Assessed value
$90,150
Assessed 2023
Previous assessed
$91,300
-1.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$18,730
Assessed improvement
$71,420
Land market value
$334,500
Improvement market value
$1,066,000
Total market value
$1,400,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1894
Heating
HOT WATER
Buildings
2
Stories
2
Units
5
Rooms
16
Bathrooms
5
Total area
3,514 SF
Lot
0.14 ac (6,250 SF)
Zoning code
G-RH-3
APN
05022-29-012-000
UPID
US13-0741204
Jurisdiction
DENVER
Zoning & alternative use
G-RH-3 · Denver, CO
Zoning G-RH-3 · permitted uses
G-RH-3 · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1894
Heating
HOT WATER
Stories
2
Buildings
2
Units
5
Rooms
16
Bathrooms
5
Lot
0.14 ac
Current owner
From public records · entity-resolved
Locally Built Wealth LLC
Entity
Mailing address
PO BOX 461214, GLENDALE, CO 80246-5214
Ownership since
2020
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
Aug 18, 2020
$1,205,000
Locally Built Wealth LLC
Madgavash LLC
Warranty Deed
$825,000 · Firstbank
Jun 7, 2016
—
Matthew Dankner
1109 Emerson St Apartments LLC
Quit Claim Deed
related
—
Jun 7, 2016
$977,500
Madgavash LLC
1109 Emerson St Apartments LLC
Special Warranty Deed
$587,096 · Commerce Bank
Dec 16, 2013
$775,000
1109 Emerson St Apartments LLC
Rsf Investments LLC
Grant Deed
$581,250 · Bellco Cu
Sep 28, 2011
—
1109 Emerson LLC
Cashman,myron J
Quit Claim Deed
related
—
Sep 28, 2011
$540,000
Rsf Investments LLC
1109 Emerson LLC
Warranty Deed
—
Feb 11, 2005
—
1109 Emerson LLC
Cashman,myron J
Quit Claim Deed
related
$118,117 · Firstbank Of Denver NA
Sep 19, 2003
—
William B Mathews
Cashman,myron J & Mildred C
Grant Deed
related
—
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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