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Property profile & analytics
FOR SALE
Office buildings
1165 Pennsylvania St, Denver, CO 80210
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2796699
For Sale
1 / 3
$4,450,000
1165 Pennsylvania St, Denver, CO 80210
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Property summary
AI-generated overview
This exceptional two-story, 15,603-square-foot office building, known as The Penn, presents a compelling investment opportunity in Denver's desirable Platt Park neighborhood. Built in 1989 and renovated in 2008, the Class B property boasts nine units and sits on a substantial 24,332-square-foot lot. Its U-MS-3 zoning offers flexibility for various uses. The building benefits from high visibility and signage along I-25, experiencing traffic of over 200,000 vehicles daily. Its convenient location provides a 10-minute walk to the vibrant South Pearl Street, and is just 1.5 blocks from the Light Rail station at Louisiana and Pearl. The property's proximity to Wash Park and the University of Denver further enhances its appeal. The asking price is $5,075,000. The building offers the rare advantage of on-site parking, making it an attractive option for owner-users, value-add investors, or those seeking redevelopment potential. This prime Denver urban infill real estate presents a unique chance to acquire a well-located, income-producing asset in a thriving market. The property's address is 1165 S Pennsylvania St, Denver, CO 80210.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
16,747 SF
Lot
0.56 ac (24,332 SF)
Zoning code
U-MS-3
APN
05221-04-031-000
UPID
US13-2796699
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
-
Robert Cole: Allstate Insurance Insurance Agency
-
Waddell & Reed, Inc. - Financial Advisors Financial Advisor
-
Finna Sensors Factory Industrial Manufacturer
-
STRATEGIC EVALUATIONS Counselor
-
Trinen Realty Partners Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$3.51M
Owner & transaction history
Eddie W Pacheco · 7 yrs held
Eddie W Pacheco
since 2018
7 recorded transactions
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+26.8%
Commercial (general)
$5.4M
+26.5%
Medical building
$5.1M
+18.7%
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%
$4,360,000
6.5%
$4,025,000
7%
$3,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,285,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,435,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,420,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$5,085,000
Change: +19% · Conversion: Easy
RETAIL STORES
$4,325,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$210 / 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
$80,376
Tax year 2023
Assessed value
$1,037,300
Assessed 2023
Previous assessed
$892,650
+16.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$840,210
Assessed improvement
$197,090
Land market value
$3,041,500
Improvement market value
$706,400
Total market value
$3,747,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1998
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Units
8
Total area
16,747 SF
Lot
0.56 ac (24,332 SF)
Zoning code
U-MS-3
APN
05221-04-031-000
UPID
US13-2796699
Jurisdiction
DENVER
Zoning & alternative use
U-MS-3 · Denver, CO
Zoning U-MS-3 · permitted uses
U-MS-3 · 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
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1998
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
8
Lot
0.56 ac
Current owner
From public records · entity-resolved
Eddie W Pacheco
Individual
Mailing address
1165 S PENNSYLVANIA ST STE #130, DENVER, CO 80210-1556
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Eddie W Pacheco
—
Deed
related
$2,622,000 · Firstbank
Aug 31, 2018
$3,600,000
Eddie W Pacheco
Colorado Seminary
Special Warranty Deed
$2,400,000 · Colorado Business Bank
Aug 10, 2011
$2,195,000
Seminary Colorado
Viansa Pennsylvania LLC
Grant Deed
—
Apr 20, 2007
—
Viansa Pennsylvania LLC
—
Trustees Deed
related
$1,888,000 · Steele Street State Bank
Mar 23, 2007
$170,000
Viansa Pennsylvania LLC
Buchtel Associates LLP
Grant Deed
—
Oct 3, 2000
$286,500
Paul K Lafontaine
Yerkley,rae
Grant Deed
$229,200 · American United Mortgage Corp
Jan 15, 1999
$165,000
Robert J Hatch
Nappe,william D
Grant Deed
$132,000 · Distinctive Home Lending INC
—
—
Viansa Pennsylvania LLC
—
Deed Of Trust
related
$2,440,000 · First National Bank
—
—
Viansa Pennsylvania LLC
—
Deed Of Trust
related
$1,888,000 · Steele Street State Bank
—
—
Eddie W Pacheco
—
Deed Of Trust
related
$2,622,000 · Firstbank
—
—
William M White
—
Deed Of Trust
related
$249,000 · Key Bank NA
—
—
William D Nappe
—
Deed Of Trust
related
$25,000 · World Savings Bank
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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