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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Apartment buildings
1401 Detroit St, Denver, CO 80206-2439
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0272916
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1908
Total area
3,085 SF
Lot
0.14 ac (6,239 SF)
Zoning code
U-RH-3A
APN
05012-05-014-000
UPID
US13-0272916
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
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
1401 Detroit Denver LLC · 5 yrs held
1401 Detroit Denver LLC
since 2021
7 recorded transactions
Zoning & alternative use
U-RH-3A · 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%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,000,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$990,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$194 / 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
$6,798
Tax year 2023
Assessed value
$87,730
Assessed 2023
Previous assessed
$88,610
-1.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$28,020
Assessed improvement
$59,710
Land market value
$473,200
Improvement market value
$891,200
Total market value
$1,364,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1908
Heating
HOT WATER
Buildings
2
Stories
2
Units
6
Rooms
18
Bathrooms
6
Total area
3,085 SF
Lot
0.14 ac (6,239 SF)
Zoning code
U-RH-3A
APN
05012-05-014-000
UPID
US13-0272916
Jurisdiction
DENVER
Zoning & alternative use
U-RH-3A · Denver, CO
Zoning U-RH-3A · permitted uses
U-RH-3A · 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
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$990,000
MEDICAL BUILDING
Est. value
$935,000
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
1908
Heating
HOT WATER
Stories
2
Buildings
2
Units
6
Rooms
18
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
1401 Detroit Denver LLC
Entity
Mailing address
PO BOX 460654, DENVER, CO 80246-0654
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
—
1401 Detroit Denver LLC
Laurie F Reed
Bargain And Sale Deed
—
Jun 16, 2021
—
1401 Detroit Denver LLC
Laurie F Reed
Bargain And Sale Deed
—
Feb 8, 2021
—
Laurie F Reed
David R Reed
Intrafamily Transfer
related
—
Mar 2, 2018
$1,235,000
David R Reed
Steven Flood JR
Warranty Deed
$700,000 · Jpmorgan Chase Bank NA
Mar 25, 2010
$355,000
Steven Flood JR
1401 Detroit LLC
Warranty Deed
$221,000 · Merchants Mortgage & Trust Corp
Jul 15, 2004
—
1401 Detroit LLC
Meyer,stephen H
Warranty Deed
related
—
Jun 18, 2001
$1,949,450
1401 Detroit LLC
Meyer,ruth J
Quit Claim Deed
related
—
Apr 2, 2001
$390,000
Stephen H Meyer
Patrick,garry L & Kathleen A
Grant Deed
—
Sep 7, 2000
—
Fairway LLC
Patrick,garry L
Quit Claim Deed
related
—
Mar 17, 2000
$390,000
Garry L Patrick
Slupe,robert G
Grant Deed
$312,000 · Abn Amro Mortgage Group INC
Feb 19, 1999
$354,000
Robert G Slupe
Vretenar,frank & Mary K
Grant Deed
$283,200 · First American Savings Bank
—
—
Steven P Flood JR.
—
Deed Of Trust
related
$221,000 · Tasco Michael S Living Tr (pt)
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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