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Property profile & analytics
FOR SALE
Retail space
1278 Pennsylvania St Denver, CO 80203
Entity Owned
6-yr Hold
Free & Clear
Property ID
US13-0841102
For Sale
1 / 8
$2,895,000
1278 Pennsylvania St, Denver, CO 80203
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
WOOD
Total area
10,482 SF
Lot
0.22 ac (9,562 SF)
Zoning code
G-MS-5
APN
05031-13-001-000
UPID
US13-0841102
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
-
Bike Rack: Wave Bicycle Rack
-
Pub on Penn Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.83M
Owner & transaction history
Hampden & Galena Lllp · 6 yrs held
Hampden & Galena Lllp
since 2020
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
G-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
$1,835,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,205,000
7%
$2,050,000
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.73M (Mar 24 2020)
Last sale anchor
$1.73M
Mar 24 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
$175 / 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
$35,848
Tax year 2023
Assessed value
$462,640
Assessed 2023
Previous assessed
$422,210
+9.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$258,410
Assessed improvement
$204,230
Land market value
$956,200
Improvement market value
$732,000
Total market value
$1,688,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1923
Construction
WOOD
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Units
3
Total area
10,482 SF
Lot
0.22 ac (9,562 SF)
Zoning code
G-MS-5
APN
05031-13-001-000
UPID
US13-0841102
Jurisdiction
DENVER
Zoning & alternative use
G-MS-5 · Denver, CO
Zoning G-MS-5 · permitted uses
G-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
1923
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hampden & Galena Lllp
Entity
Free & Clear · 6 yrs held
Mailing address
1685 S COLORADO BLVDS343, DENVER, CO 80222-4000
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
$1,725,000
Hampden & Galena Lllp
R & R Properties LLC
Grant Deed
—
Mar 24, 2005
—
R & R Properties LLC
Aric D Rubin LLC
Quit Claim Deed
related
—
Oct 7, 1998
—
Leon & Esther Rubin Family LP
Rubin,leon & Esther K
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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