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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Medical Office Space
14789 87th Pkwy Arvada, CO 80005-1338
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1346538
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
4,924 SF
Lot
0.75 ac (32,812 SF)
APN
29-193-06-129
UPID
US13-1346538
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
-
Clearview Dermatology Candelas Skin Cancer and Aesthetics Center Physician Medical Clinic
-
Diana Pencheva Physician
-
Wayne Overman Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.29M
Owner & transaction history
Koda Banks LLC · 4 yrs held
Koda Banks LLC
since 2022
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+105.4%
Auto repair, garage
$2.4M
+104.5%
Neighborhood: shopping center
$2.3M
+94.2%
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 Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada 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
$3,130,000
ML approach
$3,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,400,000
Change: +105% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,390,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,270,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$1,890,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10% · vs last sale $2.44M (Jun 28 2022)
Last sale anchor
$2.44M
Jun 28 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
$465 / 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
$102,597
Tax year 2023
Assessed value
$662,820
Assessed 2023
Previous assessed
$662,820
+0.0% YoY
Effective rate
15.48%
On assessed value
Assessed land
$114,432
Assessed improvement
$548,388
Land market value
$410,150
Improvement market value
$1,995,550
Total market value
$2,405,700
Applied tax rate
1,152.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Total area
4,924 SF
Lot
0.75 ac (32,812 SF)
APN
29-193-06-129
UPID
US13-1346538
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
2021
Heating
YES
Cooling
Yes
Lot
0.75 ac
Current owner
From public records · entity-resolved
Koda Banks LLC
Entity
Mailing address
14789 W 87TH PKWY, ARVADA, CO 80005-1338
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Koda Banks LLC
—
Deed
related
$2,750,000 · Live Oak Banking Company
Jun 28, 2022
$2,442,100
Koda Banks LLC
Drake Wild Grass Partners LLC
Special Warranty Deed
$2,540,000 · Live Oak Banking Company
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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