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Property profile & analytics
OFF-MARKET
Estimated value
$8,320,000
Outlet malls
1405 Cortez St Denver, CO 80221-6901
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US13-0702169
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1966
Total area
71,000 SF
Lot
6.2 ac (270,072 SF)
APN
R0069039
UPID
US13-0702169
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
-
arc Thrift Stores Discount Store
-
ARC Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.32M
Owner & transaction history
Southwest Self-storage-sun Cit · 20 yrs held
Southwest Self-storage-sun Cit
since 2006
7 recorded transactions
Zoning & alternative use
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
$117 / 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
$242,601
Tax year 2023
Assessed value
$1,980,900
Assessed 2023
Previous assessed
$2,157,770
-8.2% YoY
Effective rate
12.25%
On assessed value
Assessed land
$527,480
Assessed improvement
$1,453,420
Land market value
$1,890,599
Improvement market value
$5,209,401
Total market value
$7,100,000
Applied tax rate
495.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1966
Heating
OTHER
Cooling
OTHER
Stories
1
Units
3
Total area
71,000 SF
Lot
6.2 ac (270,072 SF)
APN
R0069039
UPID
US13-0702169
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Heating
OTHER
Cooling
Yes
Stories
1
Units
3
Lot
6.2 ac
Current owner
From public records · entity-resolved
Southwest Self-storage-sun Cit
Individual
Mailing address
13913 SE 81ST PL, NEWCASTLE, WA 98059-7166
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2018
—
Briarwood North LLC
—
Deed
related
$13,844,000 · Berkadia Com'l Mtg
Jan 24, 2017
—
7440 Pecos LP
—
Deed
related
$4,000,000 · Societe Generale
Mar 21, 2006
$6,320,000
Southwest Self-storage-sun Cit
7440 Pecos Street LLC
Grant Deed
$3,785,000 · Regents Bank
Nov 8, 2005
$3,900,000
7440 Pecos Street LLC
Folsom Partners LLC
Grant Deed
$3,549,860 · Citywide Banks
Oct 6, 2004
$2,225,000
Folsom Partners LLC
Spartan Associates LLC
Grant Deed
$2,100,000 · Weststar Bank
May 8, 2001
—
Sparan Associates LLC
Werner F Wolfen Trustee
Grant Deed
related
—
—
—
7440 Pecos
—
Deed Of Trust
related
$5,000,000 · Pnc Bank
—
—
7440 Pecos LP
—
Deed Of Trust
related
$4,000,000 · Societe Generale
—
—
Briarwood North LLC
—
Deed Of Trust
related
$13,844,000 · Berkadia Com'l Mtg
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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