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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Residential income homes
11410 38th Ave Wheat Ridge, CO 80033-3802
Entity Owned
6-yr Hold
Property ID
US13-0363887
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1948
Construction
STEEL FRAME
Total area
1,362 SF
Lot
1.05 ac (45,782 SF)
APN
39-282-05-033
UPID
US13-0363887
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
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Benbrooke Holdings LLC · 6 yrs held
Benbrooke Holdings LLC
since 2020
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
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 Wheat Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheat Ridge 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
$3,105,000
ML approach
$3,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10% · vs last sale $2.80M (Jan 29 2020)
Last sale anchor
$2.80M
Jan 29 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
$2,206 / 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
$21,617
Tax year 2023
Assessed value
$227,144
Assessed 2023
Previous assessed
$227,144
+0.0% YoY
Effective rate
9.52%
On assessed value
Assessed land
$61,348
Assessed improvement
$165,796
Land market value
$915,640
Improvement market value
$2,529,560
Total market value
$3,445,200
Applied tax rate
3,141.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
6
Stories
15
Units
2
Rooms
2
Total area
1,362 SF
Lot
1.05 ac (45,782 SF)
APN
39-282-05-033
UPID
US13-0363887
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Construction
STEEL FRAME
Heating
HOT WATER
Stories
15
Buildings
6
Units
2
Rooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Benbrooke Holdings LLC
Entity
Mailing address
DENVER, CO 80228
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
$2,800,000
Benbrooke Holdings LLC
Wheat Ridge LLC
Warranty Deed
$2,100,000 · Midfirst Bank
Jan 8, 2019
—
Wheat Ridge LLC
Miller Aimee L 2012 Trust
Quit Claim Deed
related
—
Mar 26, 2014
$1,325,000
Miller,aimee L 2012 Trust
Mccain Properties LLC
Grant Deed
—
Jul 31, 2013
$1,100,000
Mccain Properties LLC
Dauenhauer Family Trust
Grant Deed
$645,000 · Front Range Bank
Mar 16, 2011
$800,000
Dauenhauer Family Trust
Schack,harry E
Warranty Deed
$750,000 · Harry E Schack
Jan 8, 1999
$350,000
Harry E Schack
Kuchma,robert J & Audrey M
Grant Deed
—
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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