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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Warehouses
1356 Jason St Denver, CO 80223-3408
Entity Owned
~
Est. High Equity
Property ID
US13-0819118
Property summary
AI-generated overview
This 5,587-square-foot industrial property, located at 1356 S. Jason St. in Denver, Colorado, presents a unique investment opportunity. Built in 1970 and extensively renovated in 2016, the single-story building sits on a 9,525-square-foot lot and is zoned I-A. Currently configured as a user building, it offers significant potential for conversion into a multi-tenant facility with up to three separate units. The property boasts a new EPDM roof (2023), upgraded electrical systems, and ample power distribution throughout, including 800-amp 3-phase 120/240 power (to be verified). Features include a 12-foot ceiling height and 10 parking spaces. Its location in the tight South-Central Denver submarket offers excellent access to transportation and a strong tenant pool. The property is ideal for an owner-user seeking an income-generating component or an investor looking for a multi-tenant industrial asset. The building has three units and no loading docks or dock-high doors. This versatile property is ready for immediate occupancy or redevelopment to suit a variety of industrial, manufacturing, or R&D uses.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
WOOD
Total area
5,587 SF
Lot
0.22 ac (9,525 SF)
Zoning code
I-A
APN
05211-18-027-000
UPID
US13-0819118
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
-
The Engraving Place Engraver
-
Perma-Graphics Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.07M
Owner & transaction history
M Z Setters LLC
M Z Setters LLC
since 2025
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+97.6%
Medical building
$1.7M
+90.1%
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%
$960,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$890,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,765,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,695,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.21M (May 28 2025)
Last sale anchor
$1.21M
May 28 2025
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
$192 / 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
$21,509
Tax year 2023
Assessed value
$277,580
Assessed 2023
Previous assessed
$257,930
+7.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$44,780
Assessed improvement
$232,800
Land market value
$190,500
Improvement market value
$834,400
Total market value
$1,024,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
YES
Stories
1
Total area
5,587 SF
Lot
0.22 ac (9,525 SF)
Zoning code
I-A
APN
05211-18-027-000
UPID
US13-0819118
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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
WAREHOUSE, STORAGE Current
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE Current
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
1970
Construction
WOOD
Heating
YES
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
M Z Setters LLC
Entity
Mailing address
1356 S JASON ST, DENVER, CO 80223-3408
Ownership since
2025
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
Aug 28, 2025
$1,210,000
M Z Setters LLC
Sealed INC
Special Warranty Deed
$610,200 · Firstbank
Nov 10, 2015
—
Larry W Curtis
Curtis,larry W & Barbara S
Quit Claim Deed
related
—
Nov 10, 2015
$650,000
Sealed INC
Curtis,larry W
Grant Deed
$552,500 · Bank Of The West
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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