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Property profile & analytics
OFF-MARKET
Estimated value
$56,615,000
High-rise multifamily apartments
150 9th Ave Denver, CO 80204-4032
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2829814
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2005
Construction
WOOD
Total area
293,721 SF
Lot
3.33 ac (145,002 SF)
Zoning code
D-GT
APN
05037-11-020-000
UPID
US13-2829814
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
-
The Boulevard Apartments Apartment Building Apartment Complex
-
Greg D. Rawlings, P.C. Law Firm
-
Milligan Creative Advertising Agency Marketing & Advertising
-
Dr. Kenneth Schultz Physician
-
Beaubein Property Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.61M
Comparable Approach
Comparable
$48.02M
Blend (final)
Blend
$56.62M
Owner & transaction history
Shlp Boulevard LLC · 10 yrs held
Shlp Boulevard LLC
since 2015
7 recorded transactions
Zoning & alternative use
D-GT · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$94.0M
+7.0%
Medical building
$89.2M
+1.5%
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%
$74,330,000
6.5%
$68,610,000
7%
$63,710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$87,860,000
Current use
RETAIL STORES
$94,000,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$89,190,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$86,170,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$56.62M
Range $50.95M – $62.28M · ±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
$193 / 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
$741,495
Tax year 2023
Assessed value
$9,569,400
Assessed 2023
Previous assessed
$7,310,000
+30.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$2,667,980
Assessed improvement
$6,901,420
Land market value
$39,875,600
Improvement market value
$103,006,200
Total market value
$142,881,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
6
Units
290
Rooms
947
Bathrooms
1
Total area
293,721 SF
Lot
3.33 ac (145,002 SF)
Zoning code
D-GT
APN
05037-11-020-000
UPID
US13-2829814
Jurisdiction
DENVER
Zoning & alternative use
D-GT · Denver, CO
Zoning D-GT · permitted uses
D-GT · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$87.9M
RETAIL STORES
Est. value
$94.0M
MEDICAL BUILDING
Est. value
$89.2M
OFFICE BUILDING
Est. value
$86.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
12
Units
290
Rooms
947
Bathrooms
1
Lot
3.33 ac
Current owner
From public records · entity-resolved
Shlp Boulevard LLC
Entity
Mailing address
7601 E TECHNOLOGY WAY STE #600, DENVER, CO 80237-3190
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
Sh Trelleborg Boulevard LLC
—
Deed
related
$103,000,000 · The Northwest Mutual Life Insurance
Sep 21, 2015
$85,650,000
Shlp Boulevard LLC
Boulevard Denver Apartments In
Grant Deed
related
—
Jul 28, 2009
—
Denver Apartments In Boulevard
—
Deed Of Trust
related
$44,000,000 · Wachovia Financial Services
Dec 18, 2006
—
Denver Apartments In Boulevard
Speer Lofts
Quit Claim Deed
related
$44,000 · Wachovia Financial Services
Dec 18, 2006
$75,500,000
Denver Apartments In Boulevard
Speer Lofts
Grant Deed
—
Jun 11, 2003
—
Speer Lofts LLC
Bannock Associates LP
Grant Deed
$34,702,500 · Wachovia Bank NA Ttee
—
—
Denver Apartments In Boulevard
—
Deed Of Trust
related
$32,500,000 · Metlife Bank NA
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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