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Property profile & analytics
OFF-MARKET
Estimated value
$18,440,000
Hotels
1450 Glenarm Pl Denver, CO 80202-5030
Trust Owned
11-yr Hold
Free & Clear
Property ID
US13-0695042
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1972
Construction
CONCRETE
Total area
200,086 SF
Lot
0.86 ac (37,500 SF)
Zoning code
D-C
APN
02346-18-013-000
UPID
US13-0695042
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
-
Private Dining Room at Lockwood Grocery & Convenience Store Food Market
-
Sonesta Hotel & Motel
-
Crowne Plaza Parking Lot & Garage
-
Sonesta Denver Downtown Hotel & Motel
-
The Lockwood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.44M
Owner & transaction history
Hpt Ihg-2 Properties Trust · 11 yrs held
Hpt Ihg-2 Properties Trust
since 2015
5 recorded transactions
Zoning & alternative use
D-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,660,000
6.5%
$23,685,000
7%
$21,995,000
Blend value · Realmo final
$18.44M
Range $16.60M – $20.28M · ±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
$92 / 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
$1,069,412
Tax year 2023
Assessed value
$13,801,350
Assessed 2023
Previous assessed
$11,817,630
+16.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$3,653,510
Assessed improvement
$10,147,840
Land market value
$13,125,000
Improvement market value
$36,372,200
Total market value
$49,497,200
Applied tax rate
451.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
380
Bathrooms
7
Total area
200,086 SF
Lot
0.86 ac (37,500 SF)
Zoning code
D-C
APN
02346-18-013-000
UPID
US13-0695042
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
380
Bathrooms
7
Lot
0.86 ac
Current owner
From public records · entity-resolved
Hpt Ihg-2 Properties Trust
Trust
Free & Clear · 11 yrs held
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
Ownership since
2015
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
May 18, 2015
$72,250,000
Hpt Ihg-2 Properties Trust
Dhm Denver Land LP
Grant Deed
—
Nov 9, 2012
$11,250,000
Dhm Denver Land LP
Evans Investment Assocs Ltd
Grant Deed
—
Aug 23, 2010
—
Dhm Denver Hotel LP
—
Trustees Deed
related
$32,300,000 · Ge Business Financial Svcs INC
Jul 11, 2006
—
Dhm Denver Hotel
—
Deed Of Trust
related
$32,750,000 · Merrill Lynch Capital
—
—
Dhm Denver Hotel LP
—
Deed Of Trust
related
$28,000,000 · Morgan Stanley Mtg Cap Holding
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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