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Property profile & analytics
OFF-MARKET
Estimated value
$16,925,000
Warehouses
11500 53rd Ave Denver, CO 80239-2326
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-0929488
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
193,378 SF
Lot
10.8 ac (470,235 SF)
Zoning code
I-B
APN
01141-03-008-000
UPID
US13-0929488
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
-
Meyer Distributing Distribution Center Logistics Company
-
CertainTeed Architectural Ceilings Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.93M
Owner & transaction history
Buckeye & 5th Street LLC
Buckeye & 5th Street LLC
since 2025
Last sale
$23.2M
6 recorded transactions
Zoning & alternative use
I-B · Denver, CO
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$88 / 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
$410,405
Tax year 2023
Assessed value
$5,296,510
Assessed 2023
Previous assessed
$3,958,790
+33.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,565,970
Assessed improvement
$3,730,540
Land market value
$5,642,800
Improvement market value
$13,371,100
Total market value
$19,013,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
5
Total area
193,378 SF
Lot
10.8 ac (470,235 SF)
Zoning code
I-B
APN
01141-03-008-000
UPID
US13-0929488
Jurisdiction
DENVER
Zoning & alternative use
I-B · Denver, CO
Zoning I-B · permitted uses
I-B · 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.
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
10.8 ac
Current owner
From public records · entity-resolved
Buckeye & 5th Street LLC
Entity
Mailing address
2 N RIVERSIDE PLZ STE #2350, CHICAGO, IL 60606-2617
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$23,186,200
Buckeye & 5th Street LLC
Icon Ipc Prop Owner Pool 6 West Sou
Special Warranty Deed
$120,000,000 · Wells Fargo Bank NA
Mar 27, 2025
—
Icon Ipc Prop Owner Pool 6 Westsout
—
Deed
related
—
Oct 1, 2019
—
Icon Ipc Prop Owner Pool 6 Wes
—
Grant Deed
related
$865,720,000 · Wells Fargo Bk
Mar 9, 2015
$48,580,800
Icon Ipc Prop Owner Pool 6 Wes
Bre Ipc Property Owner LLC
Grant Deed
$632,000,000 · Morgan Stanley Bk
Mar 10, 2014
$9,433,600
Bre Ipc Property Owner LLC
Ch Realty III Of Buckhead LLC
Grant Deed
$398,900 · General Elec Cap
Jan 14, 2004
—
Ch Realty III Of Buckhead LLC
Buckhead Industrial Props INC
Quit Claim Deed
related
$5,305,000 · Connecticut General Life Ins
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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