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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
1159 Delaware St Denver, CO 80204-3607
Individually Owned
1-yr Hold
Free & Clear
Property ID
US13-0633648
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Construction
WOOD
Total area
2,819 SF
Lot
0.07 ac (3,137 SF)
Zoning code
D-GT
APN
05034-15-027-000
UPID
US13-0633648
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
-
Daniels Law Firm Law Firm
-
Berken Cloyes, PC Law Firm Financial Advisor
-
Elise Fabricant Therapy & Coaching Crisis Center Medical Clinic
-
Mirador Counseling, LLC Crisis Center Medical Clinic
-
Aster Counseling and Wellness Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$625k
Owner & transaction history
1159 Delaware Street Irrevocable Tr · 1 yrs held
1159 Delaware Street Irrevocable Tr
since 2025
2 recorded transactions
Zoning & alternative use
D-GT · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$915,000
+10.6%
Commercial (general)
$910,000
+10.3%
Retail stores
$900,000
+9.1%
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%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$910,000
Change: +10% · Conversion: Easy
RETAIL STORES
$900,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$855,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$222 / 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
$18,389
Tax year 2023
Assessed value
$237,320
Assessed 2023
Previous assessed
$246,560
-3.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$208,250
Assessed improvement
$29,070
Land market value
$776,400
Improvement market value
$104,200
Total market value
$880,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
1
Total area
2,819 SF
Lot
0.07 ac (3,137 SF)
Zoning code
D-GT
APN
05034-15-027-000
UPID
US13-0633648
Jurisdiction
DENVER
Zoning & alternative use
D-GT · Denver, CO
Zoning D-GT · permitted uses
D-GT · 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
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$910,000
RETAIL STORES
Est. value
$900,000
MEDICAL BUILDING
Est. value
$855,000
OFFICE BUILDING Current
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
1936
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
1159 Delaware Street Irrevocable Tr
Individual
Free & Clear · 1 yrs held
Mailing address
1159 DELAWARE ST, DENVER, CO 80204-3607
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
1159 Delaware Street Irrevocable Tr
Stephen Edward Berken
Quitclaim Deed
related
—
Mar 20, 2013
—
Berken Holdings Trust
Berken,stephen E
Quit Claim Deed
related
—
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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