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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
High-rise multifamily apartments
1402 Race St Denver, CO 80206-2019
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0072124
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Construction
WOOD
Total area
22,466 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-3
APN
05021-03-006-000
UPID
US13-0072124
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
-
1402 Race Apartments Apartment Complex Apartment Building
-
1402 Race Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
1402 Race Residential LLC · 7 yrs held
1402 Race Residential LLC
since 2019
6 recorded transactions
Zoning & alternative use
G-MU-3 · 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%
$5,685,000
6.5%
$5,250,000
7%
$4,875,000
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±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
$170 / 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
$43,759
Tax year 2023
Assessed value
$564,740
Assessed 2023
Previous assessed
$458,440
+23.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$52,980
Assessed improvement
$511,760
Land market value
$845,800
Improvement market value
$7,638,200
Total market value
$8,484,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
5
Units
35
Rooms
10
Bathrooms
1
Total area
22,466 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-3
APN
05021-03-006-000
UPID
US13-0072124
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.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
35
Rooms
10
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
1402 Race Residential LLC
Entity
Free & Clear · 7 yrs held
Mailing address
375 S BROADWAY, DENVER, CO 80209-1522
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2020
—
1402 Race Residential LLC
—
Deed
related
$31,850,967 · Cibc Bk USA
May 2, 2019
—
1402 Race Residential LLC
—
Grant Deed
related
$31,560,074 · Cibc Bk USA
Feb 12, 2019
$6,300,000
1402 Race Residential LLC
Lloyds Apartments LP
Grant Deed
—
Nov 21, 2005
$2,065,000
Lloyds Apartments LP
Sierra Group Cpt2 LLC
Special Warranty Deed
$1,342,250 · Washington Mutual Bank
—
—
Lloyds Apartments LP
—
Deed Of Trust
related
$1,423,000 · Greystone Servicing Corp
—
—
1402 Race Residential LLC
—
Loan Modification
related
$31,850,967 · Cibc Bk USA
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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