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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Strip malls
1201 Colfax Ave Denver, CO 80218-2214
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0806335
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Construction
WOOD
Total area
27,283 SF
Lot
0.43 ac (18,567 SF)
Zoning code
C-MS-5
APN
02354-28-047-000
UPID
US13-0806335
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
-
Lucky Noodles Restaurant
-
Progressive Urban Management Associates Consultant Association / Organization
-
Mile High Sober Living Medical Clinic
-
Mile High Recovery Center Medical Clinic
-
The Gentlemen's Place Classic Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Bourbon Square LLC · 1 yrs held
Bourbon Square LLC
since 2025
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
C-MS-5 · 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
Method
Estimation
Statistic approach
$1,625,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $2.00M (Apr 2 2025)
Last sale anchor
$2.00M
Apr 2 2025
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
$66 / 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
$135,979
Tax year 2023
Assessed value
$1,552,550
Assessed 2023
Previous assessed
$1,376,660
+12.8% YoY
Effective rate
8.76%
On assessed value
Assessed land
$768,670
Assessed improvement
$783,880
Land market value
$2,785,100
Improvement market value
$2,809,600
Total market value
$5,594,700
Applied tax rate
188.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
27,283 SF
Lot
0.43 ac (18,567 SF)
Zoning code
C-MS-5
APN
02354-28-047-000
UPID
US13-0806335
Jurisdiction
DENVER
Zoning & alternative use
C-MS-5 · Denver, CO
Zoning C-MS-5 · permitted uses
C-MS-5 · 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
1950
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Bourbon Square LLC
Entity
Mailing address
1485 S COLORADO BLVD STE #300, DENVER, CO 80222-3614
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
Apr 2, 2025
$2,000,000
Bourbon Square LLC
Colfax & Marion LLC
Special Warranty Deed
—
Oct 4, 2023
—
Colfax & Marion LLC
—
Deed
related
$2,200,000 · Amg National Trust Bank
Apr 12, 2018
$6,250,000
Colfax & Marion LLC
Artane Real Estate LLC
Grant Deed
$4,210,000 · Pinsk Investment LP
Nov 13, 2008
$2,592,500
Artane Real Estate LLC
Bourbon Square Offices LLC
Special Warranty Deed
$2,260,000 · Umb Bank Colorado
—
—
Bourbon Square Offices LLC
—
Deed Of Trust
related
$1,400,000 · First National Bank Santa Fe
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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