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Property profile & analytics
OFF-MARKET
Warehouses
1251 Nevada Pl Denver, CO 80223-2016
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0828897
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
WOOD
Total area
2,830 SF
Lot
0.13 ac (5,853 SF)
Zoning code
I-A
APN
05161-01-011-000
UPID
US13-0828897
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
-
Universal Controls LLC Industrial Manufacturer Production Facility
-
Universal C02 Industrial Gas Supplier
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
1251 Wn LLC · 2 yrs held
1251 Wn LLC
since 2024
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city…
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
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
$10,864
Tax year 2023
Assessed value
$140,200
Assessed 2023
Previous assessed
$141,610
-1.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$48,800
Assessed improvement
$91,400
Land market value
$204,900
Improvement market value
$327,600
Total market value
$532,500
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
1956
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Total area
2,830 SF
Lot
0.13 ac (5,853 SF)
Zoning code
I-A
APN
05161-01-011-000
UPID
US13-0828897
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, COZoning 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
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city. Accordingly, I-A zoned areas serve as a land use buffer between more residential areas and more intensive industrial areas, which may be zoned I-B General Industrial. All uses conducted in this zone district must be enclosed within a structure, unless specifically allowed to operate out of doors.
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Lot
0.13 ac
Current owner
From public records · entity-resolved
1251 Wn LLC
Entity
Mailing address
2700 S BROADWAY STE #300, ENGLEWOOD, CO 80113-1502
Ownership since
2024
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
Mar 8, 2024
$400,000
1251 Wn LLC
Peter D And Patricia A Robinson Rev
Warranty Deed
$350,000 · Robinson Trust
Mar 8, 2024
—
Peter D And Patricia A Robinson Rev
Patricia Ann Robinson
Quit Claim Deed
related
—
Nov 26, 2018
—
Patricia A Robinson
Clements William A
Quit Claim Deed
related
—
Feb 17, 2004
—
William A Clements
Conklin,harry & Louise
Quit Claim Deed
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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