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Property profile & analytics
OFF-MARKET
Estimated value
$86,365,000
Parking lots & garages
1350 Wadsworth Blvd Denver, CO 80214
Individually Owned
17-yr Hold
Free & Clear
Property ID
US13-0198387
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2012
Construction
STEEL FRAME
Total area
233,400 SF
Lot
0.85 ac (36,907 SF)
APN
49-021-06-005
UPID
US13-0198387
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
by Request
Comparable Approach
Comparable
$98.88M
Blend (final)
Blend
$86.37M
Owner & transaction history
Regional Transportation Distri · 17 yrs held
Regional Transportation Distri
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$98.1M
+44.8%
Restaurant
$95.5M
+40.9%
Auto repair, garage
$93.5M
+38.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$67,760,000
Current use
APARTMENT HOUSE (5+ UNITS)
$98,120,000
Change: +45% · Conversion: Difficult
RESTAURANT
$95,455,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$93,485,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$75,750,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$75,545,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$70,870,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$64,260,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$86.37M
Range $77.73M – $95.00M · ±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
$370 / 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
$6,257,383
Assessed 2023
Previous assessed
$6,257,383
+0.0% YoY
Assessed land
$51,485
Assessed improvement
$6,205,898
Land market value
$184,535
Improvement market value
$22,243,363
Total market value
$22,427,898
Applied tax rate
7,814.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
233,400 SF
Lot
0.85 ac (36,907 SF)
APN
49-021-06-005
UPID
US13-0198387
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$67.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$98.1M
RESTAURANT
Est. value
$95.5M
AUTO REPAIR, GARAGE
Est. value
$93.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$75.8M
COMMERCIAL (GENERAL)
Est. value
$75.5M
MEDICAL BUILDING
Est. value
$70.9M
RETAIL STORES
Est. value
$64.3M
PARKING LOT Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2012
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Regional Transportation Distri
Individual
Free & Clear · 17 yrs held
Mailing address
1600 BLAKE ST, DENVER, CO 80202-1324
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Nov 25, 2008
—
Regional Transportation Distri
Owner,record
Grant Deed
related
—
Nov 13, 2000
$550,000
Hess-newlin Wadsworth LLC
Affiliated Real Estate Group
Trustees Deed
$575,000 · Rosie Hess Estate
Nov 13, 2000
$500,000
Affiliated Real Estate Group
Master Investments LLP
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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