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Property profile & analytics
OFF-MARKET
Warehouses
11909 51st Ave 1192 Denver, CO 80239-2711
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-1030638
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
WOOD
Total area
38,341 SF
Lot
1.93 ac (84,057 SF)
Zoning code
I-A
APN
01144-04-021-000
UPID
US13-1030638
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
-
Pitney Bowes Postal Service Courier Service
-
BigDumpster.com Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Atlas Montbello LLC
Atlas Montbello LLC
since 2026
Last sale
$47.0M
6 recorded transactions
Zoning & alternative use
I-A · 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
—
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
$89,263
Tax year 2023
Assessed value
$1,151,990
Assessed 2023
Previous assessed
$856,600
+34.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$343,420
Assessed improvement
$808,570
Land market value
$1,260,900
Improvement market value
$2,898,100
Total market value
$4,159,000
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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
38,341 SF
Lot
1.93 ac (84,057 SF)
Zoning code
I-A
APN
01144-04-021-000
UPID
US13-1030638
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Atlas Montbello LLC
Entity
Mailing address
4643 S ULSTER ST STE #1000, DENVER, CO 80237-4304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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 22, 2026
$47,000,000
Atlas Montbello LLC
Redhawk Co Ll LLC
Special Warranty Deed
$31,500,000 · New York Life Insurance Company
Nov 16, 2016
—
Gateway Montbello Indl LLC
—
Deed
related
$28,825,000 · Miscellaneous Ins Co
Sep 23, 2016
$57,650,000
Gateway Montbello Indl LLC
Realty Associates Fund X LP
Grant Deed
—
Nov 25, 2014
—
Realty Associates Fund X LP
—
Grant Deed
related
$120,000,000 · Miscellaneous Ins Co
Jan 27, 2014
$36,900,000
Realty Associates Fund X LP
Trm-montbello Corp
Grant Deed
related
—
—
—
Gateway Montbello Indl LLC
—
Deed Of Trust
related
$28,825,000 · Miscellaneous Ins Co
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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