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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Garden apartment buildings
1415 Elizabeth St Denver, CO 80206-2327
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0982223
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1937
Construction
WOOD
Total area
9,879 SF
Lot
0.86 ac (37,500 SF)
Zoning code
U-RH-3A
APN
05012-07-016-000
UPID
US13-0982223
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
-
Dr. Adonis M. Royal, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Rk Trujillo Properties LLC · 16 yrs held
Rk Trujillo Properties LLC
since 2009
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%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,205,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,200,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$3,175,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$3,000,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$202 / 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
$24,649
Tax year 2023
Assessed value
$318,110
Assessed 2023
Previous assessed
$253,450
+25.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$53,550
Assessed improvement
$264,560
Land market value
$854,200
Improvement market value
$3,948,800
Total market value
$4,803,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
HOT WATER
Buildings
3
Stories
3
Units
12
Rooms
42
Bathrooms
5
Total area
9,879 SF
Lot
0.86 ac (37,500 SF)
Zoning code
U-RH-3A
APN
05012-07-016-000
UPID
US13-0982223
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
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
1937
Construction
WOOD
Heating
HOT WATER
Stories
3
Buildings
3
Units
12
Rooms
42
Bathrooms
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Rk Trujillo Properties LLC
Entity
Mailing address
6963 E EASTMAN AVE, DENVER, CO 80224-2843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
—
Rk Trujillo Properties LLC
—
Deed
related
—
May 3, 2018
—
Rk Trujillo Properties LLC
—
Deed
related
—
May 31, 2017
—
Robert D Trujillo
—
Deed
related
—
May 11, 2017
—
Rk Trujillo Properties LLC
—
Deed
related
—
Mar 25, 2010
—
Rk Trujillo Properties LLC
—
Trustees Deed
related
$450,000 · Bank Of Denver
Nov 16, 2009
—
Rk Trujillo Properties LLC
Trujillo,robert D & Karen L
Quit Claim Deed
—
Jan 27, 2009
—
Robert D Trujillo
—
Trustees Deed
related
$125,000 · Bank Of Denver
Jan 3, 2008
—
Robert D Trujillo
—
Trustees Deed
related
$75,000 · Bank Of Denver
Nov 3, 2004
—
Robert D Trujillo
—
Trustees Deed
related
$25,000 · Bank Of Denver
—
—
Rk Trujillo Properties LLC
—
Deed Of Trust
related
$400,000 · Bank Of Denver
—
—
Robert D Trujillo
—
Deed Of Trust
related
$60,000 · Bank Of Denver
—
—
Robert D Trujillo
—
Deed Of Trust
related
$249,900 · Bank Of Denver
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Robert D Trujillo
—
Loan Modification
related
—
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Robert D Trujillo
—
Loan Modification
related
—
—
—
Rk Trujillo Properties LLC
—
Deed Of Trust
related
—
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Trujillo,robert D & Karen L
—
Deed Of Trust
related
$50,000 · Bank Of Denver
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
—
—
Rk Trujillo Properties LLC
—
Loan Modification
related
—
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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