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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Strip malls
12244 44th Ave Denver, CO 80239-5055
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1854365
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
WOOD
Total area
12,100 SF
Lot
1.43 ac (62,313 SF)
Zoning code
B-4
APN
01243-00-022-000
UPID
US13-1854365
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
House of Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
Bachan Kaur Properties INC · 5 yrs held
Bachan Kaur Properties INC
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
B-4 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multiple commercial uses like banking and financial services, food sales or market etc
Zone name
Business District
General category
COMMERCIAL
Zone area
477.13 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.0M
+26.0%
Auto repair, garage
$4.8M
+23.4%
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
$3,805,000
ML approach
$3,840,000
CAP Approach
CAP Return
Estimation
6%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,925,000
Current use
RESTAURANT
$4,950,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,845,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,915,000
Change: 0% · Conversion: Easy
RETAIL STORES
$3,890,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$3,675,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±10% · vs last sale $3.60M (Sep 22 2020)
Last sale anchor
$3.60M
Sep 22 2020
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
$307 / 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
$73,955
Tax year 2023
Assessed value
$954,430
Assessed 2023
Previous assessed
$923,800
+3.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$339,350
Assessed improvement
$615,080
Land market value
$1,246,300
Improvement market value
$2,204,600
Total market value
$3,450,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
12,100 SF
Lot
1.43 ac (62,313 SF)
Zoning code
B-4
APN
01243-00-022-000
UPID
US13-1854365
Jurisdiction
DENVER
Zoning & alternative use
B-4 · Denver, COZoning B-4 · permitted uses
B-4 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multiple commercial uses like banking and financial services, food sales or market etc
Zone name
Business District
General category
COMMERCIAL
Zone area
477.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
1.43 ac
Current owner
From public records · entity-resolved
Bachan Kaur Properties INC
Entity
Mailing address
10200 E GIRARD AVE STE A418, DENVER, CO 80231-5634
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Bachan Kaur Properties INC
—
Deed
related
$2,900,000 · Collegiate Peaks Bank
Sep 22, 2020
$3,600,000
Bachan Kaur Properties INC
Gateway 1 LLC
Special Warranty Deed
$3,650,000 · Hanmi Bank
Dec 24, 2019
—
Gateway 1 LLC
—
Deed
related
$1,650,000 · Midwestone Bank
Oct 18, 2018
—
Gateway 1 LLC
—
Deed
related
—
May 3, 2016
—
Gateway 1 LLC
—
Deed
related
$200,000 · Bank Of Co
—
—
Gateway 1 LLC
—
Deed Of Trust
related
$1,550,000 · Bank Of Co
—
—
Gateway 1 LLC
—
Deed Of Trust
related
$200,000 · Bank Of Co
—
—
Gateway 1 LLC
—
Loan Modification
related
—
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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