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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Investment properties
1430 Race St Denver, CO 80206-2014
Individually Owned
4-yr Hold
Property ID
US13-2445710
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1892
Total area
6,415 SF
Lot
0.22 ac (9,371 SF)
Zoning code
PUD
APN
05021-03-005-000
UPID
US13-2445710
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
-
Helen Strader Bed & Breakfast Restaurant
-
Big D Management Co LLC Construction Company General Contractor
-
Flora House Denver Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Highlight Hospitality Ltd · 4 yrs held
Highlight Hospitality Ltd
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+7.9%
Neighborhood: shopping center
$2.1M
+0.3%
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
$1,400,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,075,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,080,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$2,065,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$1,950,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.50M (Feb 8 2022)
Last sale anchor
$1.50M
Feb 8 2022
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
$224 / 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
$11,011
Tax year 2023
Assessed value
$125,720
Assessed 2023
Previous assessed
$201,210
-37.5% YoY
Effective rate
8.76%
On assessed value
Assessed land
$48,750
Assessed improvement
$76,970
Land market value
$796,500
Improvement market value
$703,500
Total market value
$1,500,000
Applied tax rate
188.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1892
Heating
NONE
Buildings
2
Stories
3
Units
4
Rooms
19
Bathrooms
7
Total area
6,415 SF
Lot
0.22 ac (9,371 SF)
Zoning code
PUD
APN
05021-03-005-000
UPID
US13-2445710
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1892
Heating
NONE
Stories
3
Buildings
2
Units
4
Rooms
19
Bathrooms
7
Lot
0.22 ac
Current owner
From public records · entity-resolved
Highlight Hospitality Ltd
Individual
Mailing address
1035 MADISON ST, DENVER, CO 80206-3435
Ownership since
2022
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
Feb 8, 2022
$1,500,000
Highlight Hospitality Ltd
A Capitol Inn INC
Special Warranty Deed
$931,060 · Firstbank
Jul 5, 2005
—
A Capitol Inn
Armstrong,todd A
Quit Claim Deed
related
—
Oct 21, 2002
$799,000
Capitol Inn INC
Cremins,john
Grant Deed
$504,400 · Amresco Independence Funding
—
—
Jim Cremmins
—
Deed Of Trust
related
$150,000 · Mountain State Bank
—
—
A Capitol Inn
—
Deed Of Trust
related
$550,000 · Metwest Commercial Lender
—
—
James K Cremmins
—
Deed Of Trust
related
$50,000 · Mountain State Bank
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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