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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
1120 Santa Fe Dr Denver, CO 80204-3544
Entity Owned
~
Est. High Equity
Property ID
US13-2747108
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
4,060 SF
Lot
0.17 ac (7,521 SF)
Zoning code
C-MS-8
APN
05035-07-057-000
UPID
US13-2747108
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
-
Ombud (Bike/Boat/Book/etc) Store Corporate Office
-
S L Childrens Foundation Daycare Center Foster Care Service
-
Lark Information Technology IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Lark Security LLC Information Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.22M
Owner & transaction history
Open Studio Collective Co LLC
Open Studio Collective Co LLC
since 2025
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
C-MS-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+36.5%
Neighborhood: shopping center
$1.3M
+10.6%
Commercial (general)
$1.3M
+10.3%
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%
$1,060,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
AUTO REPAIR, GARAGE
$1,625,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,300,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$1,235,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.40M (Jul 8 2025)
Last sale anchor
$1.40M
Jul 8 2025
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
$299 / 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
$28,673
Tax year 2023
Assessed value
$370,040
Assessed 2023
Previous assessed
$362,610
+2.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$358,850
Assessed improvement
$11,190
Land market value
$1,316,200
Improvement market value
$40,100
Total market value
$1,356,300
Applied tax rate
471.0000
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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Total area
4,060 SF
Lot
0.17 ac (7,521 SF)
Zoning code
C-MS-8
APN
05035-07-057-000
UPID
US13-2747108
Jurisdiction
DENVER
Zoning & alternative use
C-MS-8 · Denver, CO
Zoning C-MS-8 · permitted uses
C-MS-8 · 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING 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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Open Studio Collective Co LLC
Entity
Mailing address
2970 S LAFAYETTE DR, ENGLEWOOD, CO 80113-3072
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
$1,400,000
Open Studio Collective Co LLC
Heidi Hamilton
Special Warranty Deed
$1,349,250 · South State Bank National Associati
Jun 25, 2004
$191,500
Heidi Hamilton
Definitive Design Group INC
Warranty Deed
—
Sep 13, 2001
$200,000
Definitive Design Group INC
M & R Development LLP
Grant Deed
$130,000 · Colorado Business Bank NA
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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