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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
1516 Blake St 1518 Denver, CO 80202-1322
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-0764260
Property summary
AI-generated overview
This exceptional 4,650 square foot storefront at 1516 Blake Street in Denver, Colorado, presents a unique owner-user investment opportunity. The property is offered at $2,200,000 and boasts a versatile floor plan ideal for a small business owner seeking a live-work arrangement. The building is a two-story structure, including a basement, offering ample space for various business needs. The main floor encompasses a generous 3,150 square feet, while the second floor provides an additional 1,500 square feet of usable space. This flexible layout allows for customization to suit a wide range of business operations. Located in the desirable lower downtown area, the property benefits from the generous D-LD zoning designation, opening up possibilities for diverse uses. The address is 1516 Blake Street, Denver, CO 80202. The net rentable square footage is 4,650 square feet. This is a for-sale-by-owner property. This presents a rare chance to acquire a well-situated, substantial commercial property in a thriving Denver neighborhood. Don't miss this chance to own a piece of Denver's vibrant urban landscape.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
WOOD
Total area
5,250 SF
Lot
0.07 ac (3,125 SF)
Zoning code
D-LD
APN
02331-15-029-000
UPID
US13-0764260
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
-
Barney L Ford Building Tour Operator
-
Associates III Interior Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$1.22M
Owner & transaction history
Kari Foster · 2 yrs held
Kari Foster
since 2024
2 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,700,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,690,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,630,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$1,595,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$231 / 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
$31,875
Tax year 2023
Assessed value
$411,360
Assessed 2023
Previous assessed
$449,670
-8.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$274,980
Assessed improvement
$136,380
Land market value
$1,015,600
Improvement market value
$488,800
Total market value
$1,504,400
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
5,250 SF
Lot
0.07 ac (3,125 SF)
Zoning code
D-LD
APN
02331-15-029-000
UPID
US13-0764260
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING 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
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Kari Foster
Individual
Free & Clear · 2 yrs held
Mailing address
1242 S GILPIN ST, DENVER, CO 80210-1806
Ownership since
2024
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
May 30, 2024
—
Kari Foster
Cake
Bargain And Sale Deed
—
Nov 30, 2010
—
Cake
French,david A
Grant Deed
—
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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