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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Garden apartment buildings
140 Clarkson St Denver, CO 80209-2131
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0870720
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
8,793 SF
Lot
0.15 ac (6,340 SF)
Zoning code
G-MU-3
APN
05114-16-007-000
UPID
US13-0870720
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
$2.60M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.60M
Owner & transaction history
140 S Clarkson LLC · 2 yrs held
140 S Clarkson LLC
since 2024
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
G-MU-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+1.1%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,055,000
7%
$1,905,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,555,000
Current use
RESTAURANT
$3,595,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,520,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,855,000
Change: -20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,845,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Jun 7 2024)
Last sale anchor
$2.60M
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
$296 / 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
$16,928
Tax year 2023
Assessed value
$218,460
Assessed 2023
Previous assessed
$167,770
+30.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$62,420
Assessed improvement
$156,040
Land market value
$986,700
Improvement market value
$2,328,900
Total market value
$3,315,600
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
1964
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
12
Rooms
48
Bathrooms
1
Total area
8,793 SF
Lot
0.15 ac (6,340 SF)
Zoning code
G-MU-3
APN
05114-16-007-000
UPID
US13-0870720
Jurisdiction
DENVER
Zoning & alternative use
G-MU-3 · Denver, CO
Zoning G-MU-3 · permitted uses
G-MU-3 · 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
$3.6M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1964
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
12
Rooms
48
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
140 S Clarkson LLC
Entity
Mailing address
1242 W LAWRENCE AVE, CHICAGO, IL 60640-4705
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$2,600,000
140 S Clarkson LLC
140 So Clarkson Street LLC
Special Warranty Deed
$1,690,000 · Lakeside Bank
Feb 1, 2012
—
140 So Clarkson Street LLC
Gordon Frank
Grant Deed
—
—
—
Frank V Gordon
—
Deed Of Trust
related
$155,000 · Mesa National Bank
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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