New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
High-rise multifamily apartments
135 Adams St Denver, CO 80206-5297
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0973127
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
18,292 SF
Lot
0.14 ac (6,250 SF)
Zoning code
C-MX-5
APN
05121-25-010-000
UPID
US13-0973127
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
-
Landing Furnished Apartments at Studio 135 Vacation Rental
-
Studio 135 Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$3.85M
Owner & transaction history
135 Adams Street LLC · 10 yrs held
135 Adams Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-MX-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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,630,000
6.5%
$4,275,000
7%
$3,970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,935,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,920,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$5,885,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$5,555,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±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
$210 / 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
$58,590
Tax year 2023
Assessed value
$756,130
Assessed 2023
Previous assessed
$607,870
+24.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$132,410
Assessed improvement
$623,720
Land market value
$2,031,300
Improvement market value
$9,309,200
Total market value
$11,340,500
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
37
Rooms
80
Total area
18,292 SF
Lot
0.14 ac (6,250 SF)
Zoning code
C-MX-5
APN
05121-25-010-000
UPID
US13-0973127
Jurisdiction
DENVER
Zoning & alternative use
C-MX-5 · Denver, CO
Zoning C-MX-5 · permitted uses
C-MX-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
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RETAIL STORES
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
37
Rooms
80
Lot
0.14 ac
Current owner
From public records · entity-resolved
135 Adams Street LLC
Entity
Mailing address
205 DETROIT ST STE #200, DENVER, CO 80206-4813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
135 Adams Street LLC
—
Grant Deed
related
$8,750,000 · Firstbank
Oct 1, 2015
$1,650,000
135 Adams Street LLC
Terri L Beebe LLC
Special Warranty Deed
$1,155,000 · Midfirst Bank
May 30, 2013
—
Terri L Beebe LLC
—
Trustees Deed
related
$1,559,999 · First Western Trust Bank
Feb 4, 2011
—
Terri L Beebe LLC
—
Deed Of Trust
related
$1,560,000 · First Western Trust Bank
Jan 28, 2011
—
Terri Lbeebe LLC
Tsamasfyros,terri B
Quit Claim Deed
related
$980,000 · First Western Trust Bank
Oct 9, 2009
—
Terri L Beebe
—
Trustees Deed
related
$280,000 · Bjorn K Borgen
Dec 3, 2008
—
Terri L Beebe
—
Trustees Deed
related
$250,000 · Bjorn K Borgen
Aug 5, 1991
$303,200
Terri L Beebe
Steele Medical Building INC
Warranty Deed
related
$285,200
—
—
Terri L Beebe LLC
—
Deed Of Trust
related
$685,000 · Steele Street Bk&tr
—
—
Terri L Beebe
—
Deed Of Trust
related
$400,000 · Bjorn K Borgen
—
—
Terri L Beebe LLC
—
Loan Modification
related
$889,000 · Steele Street Bk&tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 135 Adams St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
