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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office Spaces
1501 Wazee St Ste 1b Denver, CO 80202-1476
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1075589
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1968
Construction
WOOD
Total area
1,569 SF
Lot
0.01 ac (466 SF)
Zoning code
D-LD
APN
02331-13-054-054
UPID
US13-1075589
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
-
Denver Dental Assistant School Vocational School Training Center
-
TJN Supervision Specialists Social Service Agency Community Center
-
Hindlemann Architecture Architect
-
The Bradley Group, LLC Real Estate Agency
-
Wynkoop Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$1.09M
Owner & transaction history
Wynkoop Players LLC · 4 yrs held
Wynkoop Players LLC
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
D-LD · 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
$1,095,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.18M (Jun 22 2022)
Last sale anchor
$1.18M
Jun 22 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
$695 / 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
$14,917
Tax year 2023
Assessed value
$192,510
Assessed 2023
Previous assessed
$172,380
+11.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$34,010
Assessed improvement
$158,500
Land market value
$151,900
Improvement market value
$568,100
Total market value
$720,000
Applied tax rate
320.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Total area
1,569 SF
Lot
0.01 ac (466 SF)
Zoning code
D-LD
APN
02331-13-054-054
UPID
US13-1075589
Jurisdiction
DENVER
Zoning & alternative use
D-LD · Denver, CO
Zoning D-LD · permitted uses
D-LD · 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
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Lot
0.01 ac
Current owner
From public records · entity-resolved
Wynkoop Players LLC
Entity
Mailing address
1501 WAZEE ST STE 1A, DENVER, CO 80202-1476
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$1,175,000
Wynkoop Players LLC
Lora Ledermann
Warranty Deed
$1,175,000 · Jpmorgan Chase Bank NA
Sep 13, 2001
$361,900
Lora Ledermann
Hardware Block LLC
Grant Deed
$436,174 · First United Bank
—
—
Lora Ledermann
—
Deed Of Trust
related
$332,500 · Guaranty Bank
—
—
Lora Ledermann
—
Deed Of Trust
related
$200,000 · Front Range Regional Econ Dev
—
—
Lora Ledermann
—
Deed Of Trust
related
$233,124 · Firstbank Of Denver 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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