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Property profile & analytics
FOR LEASE
Office buildings
1144 15Th St Denver, CO 80202
Entity Owned
11-yr Hold
Free & Clear
Property ID
US13-0043240
For Lease
Contact for pricing
1144 15Th St, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2015
Construction
CONCRETE
Total area
715,647 SF
Lot
0.9 ac (39,309 SF)
Zoning code
D-TD
APN
02345-37-014-000
UPID
US13-0043240
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
-
Greenberg Traurig, LLP Law Firm
-
Gates Corporation Industrial Manufacturer Production Facility
-
Design Soul Marketing & Advertising Advertising Agency
-
Marcus & Millichap Real Estate Agency
-
Piper Sandler & Co. Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$176.85M
Blend (final)
Blend
$204.04M
Owner & transaction history
1144 Fifteenth Partners LLC · 11 yrs held
1144 Fifteenth Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
D-TD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$292.7M
+9.2%
Auto repair, garage
$286.6M
+7.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$267,995,000
Current use
RESTAURANT
$292,680,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$286,640,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$232,270,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$231,635,000
Change: -14% · Conversion: Easy
RETAIL STORES
$230,150,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$222,465,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$217,305,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$204.04M
Range $183.64M – $224.44M · ±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
$285 / 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
$8,222,849
Tax year 2023
Assessed value
$106,120,440
Assessed 2023
Previous assessed
$105,513,830
+0.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$3,830,170
Assessed improvement
$102,290,270
Land market value
$13,758,200
Improvement market value
$366,631,800
Total market value
$380,390,000
Applied tax rate
320.0000
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 (MULTI-STORY)
Status
For Lease
Year built
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
40
Units
5
Total area
715,647 SF
Lot
0.9 ac (39,309 SF)
Zoning code
D-TD
APN
02345-37-014-000
UPID
US13-0043240
Jurisdiction
DENVER
Zoning & alternative use
D-TD · Denver, CO
Zoning D-TD · permitted uses
D-TD · 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
$268.0M
RESTAURANT
Est. value
$292.7M
AUTO REPAIR, GARAGE
Est. value
$286.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$232.3M
COMMERCIAL (GENERAL)
Est. value
$231.6M
RETAIL STORES
Est. value
$230.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$222.5M
MEDICAL BUILDING
Est. value
$217.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
40
Units
5
Lot
0.9 ac
Current owner
From public records · entity-resolved
1144 Fifteenth Partners LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1144 15TH ST STE #2600, DENVER, CO 80202-2529
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
1144 Fifteenth Partners LLC
—
Grant Deed
related
$220,000,000 · Miscellaneous Ins Co
May 29, 2015
—
1144 Fifteenth Partners LLC
1415 Lawrence Arapahoe Ltd
Quit Claim Deed
related
—
May 29, 2015
$17,970,900
1144 Fifteenth Partners LLC
1415 Lawrence Arapahoe Ltd
Grant Deed
—
Feb 9, 2015
—
1415 Lawrence Arapahoe Ltd|neulaw Partners LLC
Neulaw Partners LLC
Quit Claim Deed
related
—
Dec 22, 2006
—
1111 Tower LLC
Teatro Tower LLC
Grant Deed
$196,500,000 · Cref #1 Ltd
Dec 6, 2005
$14,074,900
Teatro Tower LLC
1415 Lawrence Arapahoe Ltd
Grant Deed
$7,500,000 · Weststar Bank
—
—
Teatro Tower LLC
—
Deed Of Trust
related
$10,000,000 · Gd LLC
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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