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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Garden apartment buildings
1394 Meade St 1396 Denver, CO 80204-1559
Trust Owned
1-yr Hold
Property ID
US13-0114806
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
4,680 SF
Lot
0.18 ac (7,810 SF)
Zoning code
G-MU-5
APN
05061-16-001-000
UPID
US13-0114806
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
by Request
Blend (final)
Blend
$775k
Owner & transaction history
The Michael W Mack Revocable Trust · 1 yrs held
The Michael W Mack Revocable Trust
since 2024
Last sale
$500
7 recorded transactions
Zoning & alternative use
G-MU-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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$166 / 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
$6,632
Tax year 2023
Assessed value
$85,590
Assessed 2023
Previous assessed
$60,970
+40.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$38,210
Assessed improvement
$47,380
Land market value
$625,300
Improvement market value
$707,100
Total market value
$1,332,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
2
Rooms
14
Bathrooms
2
Total area
4,680 SF
Lot
0.18 ac (7,810 SF)
Zoning code
G-MU-5
APN
05061-16-001-000
UPID
US13-0114806
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.
Building & site characteristics
From public records
Year built
1927
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
2
Rooms
14
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
The Michael W Mack Revocable Trust
Trust
Mailing address
1368 UTICA ST, DENVER, CO 80204-1234
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
The Michael W Mack Revocable Trust
1394 96 Meade St LLC
Warranty Deed
—
Apr 2, 2021
—
The Michael W Mack Revocable Trust
Michael Mack
Quit Claim Deed
related
—
Mar 29, 2019
—
1394-1396 Meade St LLC
—
Deed
related
$50,000 · Sally Sheridal
Oct 29, 2015
—
1394-96 Meade St LLC
Mack,michael & Suellen
Quit Claim Deed
related
—
Mar 11, 2011
—
Michael Mack
Mack,michael & Suellen
Quit Claim Deed
related
—
Apr 5, 2010
$265,000
Michael Mack
Us Capital Funding LLC
Warranty Deed
$212,000 · City & County Of Denver
Nov 12, 2009
—
Us Capital Funding LLC
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
Aug 21, 2009
$155,700
Jeffrey E Modesitt JR.
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$365,600
Aug 10, 2004
$425,000
Jeffrey E Modesitt JR.
Michel,theresa
Warranty Deed
$382,500 · Wells Fargo Bank
Jul 18, 2003
$389,650
Theresa Michel
Lapides,michael A
Grant Deed
related
$292,500 · Countrywide Home Loans INC
Mar 27, 2003
$271,000
Michael A Lapides
Roybal,reyes M
Grant Deed
$240,730 · Merchants Mortgage & Trust
—
—
1394-1396 Meade St LLC
—
Deed Of Trust
related
$50,000 · Sally Sheridal
—
—
Jeffrey E Modesitt JR.
—
Deed Of Trust
related
$45,700 · Greenpoint Mortgage Funding
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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