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Property profile & analytics
OFF-MARKET
Estimated value
$11,190,000
High-rise multifamily apartments
1290 King St Denver, CO 80204-1601
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-2310229
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
CONCRETE
Total area
52,837 SF
Lot
0.82 ac (35,688 SF)
Zoning code
G-MU-5
APN
05052-26-017-000
UPID
US13-2310229
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
$12.34M
Comparable Approach
Comparable
$14.73M
Blend (final)
Blend
$11.19M
Owner & transaction history
Delores Project · 8 yrs held
Delores Project
since 2017
4 recorded transactions
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$17.2M
+8.5%
Commercial (general)
$17.1M
+8.2%
Retail stores
$16.9M
+7.0%
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%
$13,370,000
6.5%
$12,340,000
7%
$11,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,805,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$17,150,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,100,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$16,910,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$16,045,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$15,500,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$11.19M
Range $10.07M – $12.31M · ±10%
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
$212 / 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
Assessed value
$1,293,290
Assessed 2023
Previous assessed
$1,149,840
+12.5% YoY
Assessed land
$149,350
Assessed improvement
$1,143,940
Land market value
$2,284,100
Improvement market value
$17,073,800
Total market value
$19,357,900
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
59
Rooms
21
Bathrooms
1
Total area
52,837 SF
Lot
0.82 ac (35,688 SF)
Zoning code
G-MU-5
APN
05052-26-017-000
UPID
US13-2310229
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$15.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$17.1M
RETAIL STORES
Est. value
$16.9M
MEDICAL BUILDING
Est. value
$16.0M
OFFICE BUILDING
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2017
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
59
Rooms
21
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Delores Project
Individual
Mailing address
PO BOX 1406, DENVER, CO 80201-1406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Aug 25, 2017
—
Delores Project
—
Deed
related
$700,000 · Miscellaneous Govt Agcy
—
—
Delores Project
—
Deed Of Trust
related
$700,000 · Miscellaneous Govt Agcy
—
—
Delores Project
—
Deed Of Trust
related
$700,000 · Miscellaneous Govt Agcy
—
—
Delores Project
—
Loan Modification
related
$700,000 · Miscellaneous Govt Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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