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Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Warehouses
12000 45th Ave Denver, CO 80239-3118
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0437810
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
354,425 SF
Lot
18.44 ac (803,355 SF)
Zoning code
I-1
APN
01231-00-054-000
UPID
US13-0437810
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
-
Closetbox Storage Facility
-
Keefe Supply Co (Bike/Boat/Book/etc) Store
-
Rocky Mountain Furniture Group LLC Furniture & Home Goods Home Decor Store
-
Amazing Moves Designer Services Department Store
-
Airhead (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
Prologis Indl Props III LLC · 20 yrs held
Prologis Indl Props III LLC
since 2006
4 recorded transactions
Zoning & alternative use
I-1 · 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
$12 / 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
$669,024
Tax year 2023
Assessed value
$8,634,130
Assessed 2023
Previous assessed
$6,910,180
+24.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$2,513,150
Assessed improvement
$6,120,980
Land market value
$9,037,700
Improvement market value
$21,939,000
Total market value
$30,976,700
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
8
Total area
354,425 SF
Lot
18.44 ac (803,355 SF)
Zoning code
I-1
APN
01231-00-054-000
UPID
US13-0437810
Jurisdiction
DENVER
Zoning & alternative use
I-1 · Denver, CO
Zoning I-1 · permitted uses
I-1 · 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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
8
Lot
18.44 ac
Current owner
From public records · entity-resolved
Prologis Indl Props III LLC
Entity
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2006
—
Distribution Funding III LLC
—
Deed Of Trust
related
$120,172,599 · Private Lender
Mar 6, 2006
—
Prologis Indl Props III LLC
Distribution Funding III LLC
Grant Deed
related
—
Sep 26, 2001
—
Distribution Funding III INC
Prologis Trust
Grant Deed
related
—
—
—
Distribution Funding III LLC
—
Deed Of Trust
related
$111,000,000 · 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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