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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Warehouses
1330 Cherokee St Denver, CO 80223-3209
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0933715
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
STEEL FRAME
Total area
6,176 SF
Lot
0.3 ac (12,870 SF)
Zoning code
I-B
APN
05223-10-021-000
UPID
US13-0933715
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
-
Tower Electric Pre-Fab Shop General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.39M
Owner & transaction history
Plr Properties LLC · 2 yrs held
Plr Properties LLC
since 2024
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
I-B · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I-B General Industrial District 9.1.2.1 Purpose The following paragraphs explain the general purpose and intent of the Industrial Context zone districts. A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the…
Zone name
General Industrial Context District
General category
INDUSTRIAL
Zone area
4,421.21 ac
Source
Denver Zoning Code
Top alternative use upside
Neighborhood: shopping center
$2.0M
+103.2%
Commercial (general)
$2.0M
+102.7%
Retail stores
$2.0M
+101.4%
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
$1,390,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,005,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,000,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$1,985,000
Change: +101% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,950,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,875,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.39M (Jun 7 2024)
Last sale anchor
$1.39M
Jun 7 2024
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
$225 / 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
$23,132
Tax year 2023
Assessed value
$298,530
Assessed 2023
Previous assessed
$298,530
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$189,130
Assessed improvement
$109,400
Land market value
$707,900
Improvement market value
$392,100
Total market value
$1,100,000
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
1971
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,176 SF
Lot
0.3 ac (12,870 SF)
Zoning code
I-B
APN
05223-10-021-000
UPID
US13-0933715
Jurisdiction
DENVER
Zoning & alternative use
I-B · Denver, COZoning I-B · permitted uses
I-B · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I-B General Industrial District 9.1.2.1 Purpose The following paragraphs explain the general purpose and intent of the Industrial Context zone districts. A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an active Street Level. b. The Industrial Mixed Use districts are also intended to provide a transition between mixed use areas and I-A or I-B Industrial Districts. c. The Industrial Mixed Use districts accommodate a variety of industrial, commercial, civic and residential uses and encourage affordable housing. 2. Industrial Mixed Use 3 (I-MX-3) I-MX-3 applies to industrially-dominated areas served primarily by local or collector streets with a maximum building height of 3 stories. 3. Industrial Mixed Use 5 (I-MX-5) I-MX-5 applies to industrially-dominated areas served primarily by collector streets with a maximum building height of 5 stories. 4. Industrial Mixed Use 8 (I-MX-8) I-MX-8 applies to industrially-dominated areas served primarily by collector or arterial streets with a maximum building height of 8 stories. 5. Industrial Mixed Use 12 (I-MX-12) I-MX-12 applies to industrially-dominated areas served primarily by collector or arterial streets with a maximum building height of 12 stories.
Zone name
General Industrial Context District
General category
INDUSTRIAL
Zone area
4,421.21 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Plr Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3221 S JOSEPHINE ST, DENVER, CO 80210-6833
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Plr Properties LLC
Justin Perry
Quit Claim Deed
related
—
Jan 3, 2024
—
Justin Perry
Norma I Gerber Revocable Trust
Correction Deed
related
—
Nov 15, 2023
$1,390,480
Justin Perry
Norma I Gerber Revocable Trust
Special Warranty Deed
—
Jun 2, 2022
—
Norma I Gerber Revocable Trust
Frank M Gerber Family Trust
Intrafamily Transfer
related
—
Apr 20, 2022
—
Norma I Gerber Revocable Trust
Linda Gerber Johnson
Warranty Deed
—
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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