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Property profile & analytics
OFF-MARKET
Estimated value
$107,780,000
Office buildings
1437 Bannock St Denver, CO 80202-5337
Entity Owned
~
Est. High Equity
Property ID
US13-1121246
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1940
Construction
CONCRETE
Total area
419,387 SF
Lot
3.7 ac (161,000 SF)
Zoning code
D-CV
APN
05033-00-001-000
UPID
US13-1121246
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
-
Councilwoman Carol Boigon City Government Office
-
Denver City Council District 7 Local Government Office
-
denver university Training Center
-
denver 8 tv Television Studio Media Distribution
-
Red Robin Gourmet Burgers and Brews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$86.25M
Blend (final)
Blend
$107.78M
Owner & transaction history
City And County Of Denver
City And County Of Denver
since 2026
7 recorded transactions
Zoning & alternative use
D-CV · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$171.5M
+9.2%
Auto repair, garage
$168.0M
+7.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$157,050,000
Current use
RESTAURANT
$171,515,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$167,975,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$136,115,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$135,745,000
Change: -14% · Conversion: Easy
RETAIL STORES
$134,875,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$130,370,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$127,345,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$107.78M
Range $97.00M – $118.56M · ±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
$257 / 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
Assessed value
$41,936,300
Assessed 2023
Previous assessed
$36,278,830
+15.6% YoY
Assessed land
$12,344,360
Assessed improvement
$29,591,940
Land market value
$44,275,000
Improvement market value
$106,064,300
Total market value
$150,339,300
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 (MULTI-STORY)
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
HOT WATER
Stories
5
Total area
419,387 SF
Lot
3.7 ac (161,000 SF)
Zoning code
D-CV
APN
05033-00-001-000
UPID
US13-1121246
Jurisdiction
DENVER
Zoning & alternative use
D-CV · Denver, CO
Zoning D-CV · permitted uses
D-CV · 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
OFFICE BUILDING Current
Est. value
$157.1M
RESTAURANT
Est. value
$171.5M
AUTO REPAIR, GARAGE
Est. value
$168.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$136.1M
COMMERCIAL (GENERAL)
Est. value
$135.7M
RETAIL STORES
Est. value
$134.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$130.4M
MEDICAL BUILDING
Est. value
$127.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1940
Construction
CONCRETE
Heating
HOT WATER
Stories
5
Lot
3.7 ac
Current owner
From public records · entity-resolved
City And County Of Denver
Entity
Mailing address
201 W COLFAX AVE DEPT #401, DENVER, CO 80202-5330
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
City And County Of Denver
Sbco Holdings LLC
Special Warranty Deed
—
Dec 7, 2020
—
City & County Of Denver
Inspire Colfax LLC
Grant Deed
related
—
Dec 2, 2020
—
City & County Of Denver
Wastewater Of Roslyn Pro Leasing
Quit Claim Deed
related
—
Nov 18, 2020
—
Board Of Governors Of The Colo
City & County Of Denver
Quit Claim Deed
related
—
Nov 16, 2020
—
City & County Of Denver
Oz Property 1 LLC
Grant Deed
related
—
Nov 13, 2020
—
City & County Of Denver
Housing Authority Of The City
Quit Claim Deed
related
—
Oct 28, 2020
—
City & County Of Denver
Mai T Vo
Grant Deed
related
—
Jul 30, 2020
—
City & Cnty Of Denver
Eclt Inca Commons LLC
Grant Deed
related
—
Jul 20, 2020
—
City & Cnty Of Denver
Resolve Colorado LLC
Grant Deed
related
—
Jul 15, 2020
—
City & Cnty Of Denver
Krf 965 LLC
Grant Deed
related
—
Apr 27, 2018
—
City & Cnty Of Denver
School District No 1 In The Ci
Grant Deed
related
—
Jul 6, 2007
$5,000
Aggregate Recovery LLC
Sheriff Of Denver County
Trustees Deed
—
Dec 19, 2006
$8,000
Aggregate Recovery LLC
Sheriff Of Denver County
Trustees Deed
—
Feb 15, 2002
—
Denver City (co)
Regional Transportation Distri
Grant Deed
related
—
Oct 7, 1998
—
Denver City (co)
Daniels,bill
Grant Deed
related
—
—
—
1521 Blake St LLC
—
Deed Of Trust
related
$823,000 · Denver Urban Econ Dev Corp
—
—
Brighton Boulevard LLC
—
Deed Of Trust
related
$1,155,000 · Horizon Bank
—
—
Linda Putnoy
—
Deed Of Trust
related
$32,250 · Cit Group Consumer Finance INC
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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