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Property profile & analytics
OFF-MARKET
Estimated value
$4,965,000
Grocery and convenience stores
1111 Washington St Denver, CO 80210-1615
Entity Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1020116
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Construction
WOOD
Total area
24,302 SF
Lot
1.94 ac (84,665 SF)
Zoning code
U-MS-2
APN
05221-02-054-000
UPID
US13-1020116
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
-
Whole Foods Market Grocery & Convenience Store Food Market
-
WFM Coffee Bar Cafe & Coffee Shop
-
Whole Foods Bakery Bakery Specialty Food Shop
-
ATM Atm
-
The Massage Spot Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.12M
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$4.97M
Owner & transaction history
AGF PROPERTIES LLC
AGF PROPERTIES LLC
Zoning & alternative use
U-MS-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.9M
+25.7%
Commercial (general)
$7.9M
+25.4%
Medical building
$7.4M
+17.6%
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%
$5,545,000
6.5%
$5,120,000
7%
$4,750,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,275,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,885,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,865,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$7,380,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$6,220,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±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
$204 / 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
$139,150
Tax year 2023
Assessed value
$1,795,810
Assessed 2023
Previous assessed
$1,774,250
+1.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,698,270
Assessed improvement
$97,540
Land market value
$6,117,000
Improvement market value
$349,600
Total market value
$6,466,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
24,302 SF
Lot
1.94 ac (84,665 SF)
Zoning code
U-MS-2
APN
05221-02-054-000
UPID
US13-1020116
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
RETAIL STORES Current
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1992
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
AGF PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
550 BOWIE ST, AUSTIN, TX 78703-4644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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