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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Garden apartment buildings
1201 16th Ave Denver, CO 80218-1572
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1227405
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1910
Construction
WOOD
Total area
11,782 SF
Lot
0.18 ac (7,714 SF)
Zoning code
G-RO-3
APN
02354-17-025-000
UPID
US13-1227405
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Providence Network · 1 yrs held
Providence Network
since 2025
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
G-RO-3 · 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
$158 / 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
Assessed value
$256,930
Assessed 2023
Previous assessed
$234,640
+9.5% YoY
Assessed land
$48,000
Assessed improvement
$208,930
Land market value
$771,400
Improvement market value
$3,118,400
Total market value
$3,889,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
HOT WATER
Stories
2
Units
18
Rooms
53
Bathrooms
1
Total area
11,782 SF
Lot
0.18 ac (7,714 SF)
Zoning code
G-RO-3
APN
02354-17-025-000
UPID
US13-1227405
Jurisdiction
DENVER
Zoning & alternative use
G-RO-3 · Denver, CO
Zoning G-RO-3 · permitted uses
G-RO-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.
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
HOT WATER
Stories
2
Units
18
Rooms
53
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Providence Network
Individual
Mailing address
801 N LOGAN ST, DENVER, CO 80203-3114
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Providence Network
—
Loan Modification
related
$500,000 · Midfirst Bk
—
—
Providence Network
—
Loan Modification
related
$1,550,000 · Midfirst Bk
—
—
Providence Network
—
Loan Modification
related
$700,000 · Midfirst Bk
—
—
Providence Network
—
Loan Modification
related
$700,000 · Midfirst Bk
—
—
Joy House
—
Deed Of Trust
related
$500,000 · Steele Street Bk&tr
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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