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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Office buildings
1420 Blake St Denver, CO 80202-5511
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-0986922
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
10,207 SF
Lot
0.15 ac (6,687 SF)
Zoning code
D-LD
APN
02331-18-006-000
UPID
US13-0986922
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
-
Timeshare Cancel Team Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.93M
Owner & transaction history
Richard Gibson Smith · 2 yrs held
Richard Gibson Smith
since 2023
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
D-LD · 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
$1,830,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,175,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$3,100,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.98M (Sep 25 2023)
Last sale anchor
$1.98M
Sep 25 2023
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
$189 / 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
$52,894
Tax year 2023
Assessed value
$682,630
Assessed 2023
Previous assessed
$772,770
-11.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$597,980
Assessed improvement
$84,650
Land market value
$2,173,300
Improvement market value
$303,400
Total market value
$2,476,700
Applied tax rate
320.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
HOT WATER
Cooling
EVAPORATIVE
Stories
2
Units
5
Total area
10,207 SF
Lot
0.15 ac (6,687 SF)
Zoning code
D-LD
APN
02331-18-006-000
UPID
US13-0986922
Jurisdiction
DENVER
Zoning & alternative use
D-LD · Denver, CO
Zoning D-LD · permitted uses
D-LD · 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)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
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
1945
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
Richard Gibson Smith
Individual
Free & Clear · 2 yrs held
Mailing address
8 ALEXANDER LN, GREENWOOD VILLAGE, CO 80121-1701
Ownership since
2023
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 25, 2023
$1,980,000
Richard Gibson Smith
Indy Pass Blake LLC
Warranty Deed
—
Apr 9, 2021
$2,376,000
Cbann Management LLC
1420 Blake LLC
Warranty Deed
$1,425,000 · Firstbank
Mar 18, 2013
—
1420 Blake LLC
Howe,dolores B
Quit Claim Deed
related
—
—
—
Dolores B Howe
—
Deed Of Trust
related
$75,000 · First American State Bank
—
—
1420 Blake LLC
—
Loan Modification
related
—
—
—
Dolores B Howe
—
Deed Of Trust
related
$777,500 · Bank Of The West
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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