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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
1277 Bannock St 1285 Denver, CO 80223-3201
Entity Owned
~
Est. High Equity
Property ID
US13-0941346
Property summary
AI-generated overview
This exceptional industrial property, located at 1277 S Bannock St, Denver, CO 80223, presents a unique investment opportunity. The 4,964 square foot building, situated on a 9,375 square foot lot, seamlessly blends manufacturing and warehouse space. Recently renovated in 2024, the property boasts modern upgrades including LED lighting, a new unit heater, and fresh paint throughout the warehouse area. The building features a convenient dock-high door and drive-in loading capabilities, enhancing operational efficiency. The property benefits from a central Denver location, providing easy access to I-25 and Santa Fe Drive. The expansive, paved, and fully fenced lot offers ample space for storage or outdoor operations. The property is zoned I-A, and the building was originally constructed in 1944. This turnkey property is offered for sale at $925,000 ($186 per square foot) or is available for lease at $11.95 per square foot on a NNN basis. The property is currently vacant and ready for immediate occupancy. This is an ideal opportunity for businesses seeking a well-maintained, centrally located industrial space or for investors looking for a strong return.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1944
Construction
STEEL FRAME
Total area
4,223 SF
Lot
0.22 ac (9,375 SF)
Zoning code
I-A
APN
05223-06-004-000
UPID
US13-0941346
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
$670k
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$780k
Owner & transaction history
Argever LLC
Argever LLC
since 2025
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+90.1%
Office building
$1.2M
+84.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$675,000
Current use
MEDICAL BUILDING
$1,280,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (Dec 9 2025)
Last sale anchor
$800k
Dec 9 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
$185 / 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
$18,761
Tax year 2023
Assessed value
$242,120
Assessed 2023
Previous assessed
$234,500
+3.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$83,170
Assessed improvement
$158,950
Land market value
$328,100
Improvement market value
$569,700
Total market value
$897,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1944
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Units
4
Total area
4,223 SF
Lot
0.22 ac (9,375 SF)
Zoning code
I-A
APN
05223-06-004-000
UPID
US13-0941346
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning 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
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$675,000
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE 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
1944
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Argever LLC
Entity
Mailing address
7827 S POPLAR WAY, CENTENNIAL, CO 80112-2532
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$800,000
Argever LLC
Gwen Gower
Special Warranty Deed
$600,000 · Midfirst Bank
Sep 9, 2008
—
Gwen Gower
Owner Name Unavailable
Affidavit Of Death
related
—
—
—
Michael D Gower
—
Deed Of Trust
related
$40,533 · Arapahoe Bank & Trust
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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