New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,430,000
Garden apartment buildings
1424 Pearl St Denver, CO 80203-2076
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2509660
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
21,003 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-5
APN
05031-02-007-000
UPID
US13-2509660
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
-
Brougham Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.92M
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$5.43M
Owner & transaction history
1424 Pmc LLC · 5 yrs held
1424 Pmc LLC
since 2020
Last sale
$5.3M
5 recorded transactions
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+22.0%
Auto repair, garage
$8.4M
+19.5%
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
$5,830,000
ML approach
$5,920,000
CAP Approach
CAP Return
Estimation
6%
$5,315,000
6.5%
$4,905,000
7%
$4,555,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,040,000
Current use
RESTAURANT
$8,590,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,410,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,815,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,800,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$6,755,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$6,380,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$5.43M
Range $4.89M – $5.97M · ±10% · vs last sale $5.25M (Oct 16 2020)
Last sale anchor
$5.25M
Oct 16 2020
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
$259 / 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
$39,561
Tax year 2023
Assessed value
$510,560
Assessed 2023
Previous assessed
$357,000
+43.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$49,650
Assessed improvement
$460,910
Land market value
$796,000
Improvement market value
$6,879,200
Total market value
$7,675,200
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
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
36
Rooms
73
Bathrooms
1
Total area
21,003 SF
Lot
0.29 ac (12,500 SF)
Zoning code
G-MU-5
APN
05031-02-007-000
UPID
US13-2509660
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-5 · 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) Current
Est. value
$7.0M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RETAIL STORES
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
36
Rooms
73
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
1424 Pmc LLC
Entity
Mailing address
500 EUDORA ST, DENVER, CO 80220-5129
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
$5,250,000
1424 Pmc LLC
Charles & Carol Semple Living Trust
Special Warranty Deed
$4,563,793 · Firstbank
Sep 4, 2008
$1,850,000
Charles Semple
Johnston Mary L Living Trust
Grant Deed
$730,639 · Bank Of The West
Apr 16, 2007
—
Johnston Mary L Living Trust
Johnston,charles E
Quit Claim Deed
related
—
Mar 23, 2007
—
Charles E Johnston
Johnston,mary L
Quit Claim Deed
related
—
—
—
Charles E Johnston
—
Deed Of Trust
related
$950,000 · Washington Mutual Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1424 Pearl St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
