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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
1448 Cedar Ave Denver, CO 80223-1755
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0037011
Property summary
AI-generated overview
This Denver, Colorado industrial flex space at 1448 W Cedar Ave offers 6,275 square feet on a 0.29-acre lot, zoned I-MK-3. The single-story building features three 12' x 10' overhead doors, 12-foot ceilings, and robust 400 AMP 3-phase power. Currently, a month-to-month tenant occupies 3,012 square feet, configured as two suites, presenting an owner-user or investment opportunity. The property is SBA-eligible due to the potential for over 51% owner-occupancy. Attractive financing is available: $1 million in interest-only financing at 9% with 2 basis points, subject to credit approval. This versatile property is ideal for a variety of uses and presents a compelling investment opportunity in a desirable Denver location. The property is located in Denver County, Colorado, with a zip code of 80223.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
WOOD
Total area
6,275 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-MX-3
APN
05094-05-032-000
UPID
US13-0037011
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
-
Vital Kneads LLC Alternative Medicine Practice Spa & Massage Center
-
VXN Wellness Spa & Massage Center
-
Beauty Beep Aesthetics Alternative Medicine Practice Spa & Massage Center
-
VXN Lab and The VXN Den Wellness Center (formerly Color Up) Community Center
-
Thai Body Work by Randi Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.33M
Owner & transaction history
Five Quarters Farm LLC · 1 yrs held
Five Quarters Farm LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
I-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+103.2%
Commercial (general)
$2.0M
+102.7%
Retail stores
$2.0M
+101.4%
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
$1,305,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$1,000,000
7%
$925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,000,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,035,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,030,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$2,020,000
Change: +101% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,980,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,905,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.56M (Mar 10 2025)
Last sale anchor
$1.56M
Mar 10 2025
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
$211 / 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
$27,495
Tax year 2023
Assessed value
$354,840
Assessed 2023
Previous assessed
$336,660
+5.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$166,010
Assessed improvement
$188,830
Land market value
$625,000
Improvement market value
$676,800
Total market value
$1,301,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Stories
1
Units
7
Total area
6,275 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-MX-3
APN
05094-05-032-000
UPID
US13-0037011
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
1997
Construction
WOOD
Heating
YES
Stories
1
Units
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
Five Quarters Farm LLC
Entity
Mailing address
7842 S VINE ST, CENTENNIAL, CO 80122-3139
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
$1,562,280
Five Quarters Farm LLC
Cedar Palms LLC
Special Warranty Deed
—
Dec 8, 2020
$1,285,000
Cedar Palms LLC
Mackay Investments LLC
Grant Deed
$1,000,000 · John V Propp
Nov 17, 2015
$610,000
Mackay Investments LLC
Uhrig Holdings LLC
Special Warranty Deed
$603,600 · Wells Fargo Bank NA
Oct 23, 2012
$360,000
Uhrig Holdings LLC
Lee,robert E
Grant Deed
—
Dec 2, 2006
$351,540
Polly A Miller
Baker,orelia D
Grant Deed
related
—
—
—
Lee,robert E
—
Deed Of Trust
related
$213,036 · Umb Bank Colorado
—
—
Robert E Lee
—
Deed Of Trust
related
$40,000 · Umb Bank Colorado
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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