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Property profile & analytics
FOR LEASE
Office buildings
1520 Wynkoop St Denver, CO 80202
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-2811432
For Lease
1 / 2
$9,695,000
1520 Wynkoop St, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
WOOD
Total area
38,609 SF
Lot
0.36 ac (15,625 SF)
Zoning code
D-LD
APN
02331-13-020-000
UPID
US13-2811432
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.29M
Comparable Approach
Comparable
$7.68M
Blend (final)
Blend
$9.70M
Owner & transaction history
1536 Wynkoop LLC · 12 yrs held
1536 Wynkoop LLC
since 2014
6 recorded transactions
Zoning & alternative use
D-LD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.8M
+9.2%
Auto repair, garage
$15.5M
+7.0%
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%
$10,055,000
6.5%
$9,285,000
7%
$8,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,460,000
Current use
RESTAURANT
$15,790,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,465,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,530,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,495,000
Change: -14% · Conversion: Easy
RETAIL STORES
$12,415,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,000,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$11,725,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±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
$251 / 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
$34,727
Tax year 2023
Assessed value
$3,734,750
Assessed 2023
Previous assessed
$3,915,090
-4.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,408,420
Assessed improvement
$2,326,330
Land market value
$5,078,100
Improvement market value
$8,338,100
Total market value
$13,416,200
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
For Lease
Year built
1951
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
6
Units
1
Total area
38,609 SF
Lot
0.36 ac (15,625 SF)
Zoning code
D-LD
APN
02331-13-020-000
UPID
US13-2811432
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
$14.5M
RESTAURANT
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$15.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$12.5M
RETAIL STORES
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$11.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1951
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
6
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
1536 Wynkoop LLC
Entity
Mailing address
1536 WYNKOOP ST STE #100, DENVER, CO 80202-1138
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
Alliance Center LLC
—
Deed
related
$7,500,000 · The Denver Foundation
Aug 21, 2023
—
Alliance Center LLC
—
Deed
related
$499,500 · Alpine Bank
May 29, 2014
$13,921,900
1536 Wynkoop LLC
Alliance Center LLC
Special Warranty Deed
$2,126,727 · Alliance Center LLC
Jul 16, 2004
$4,431,300
Alliance Center LLC
Meskis,joyce
Grant Deed
$3,500,000 · Us Bank NA
—
—
Joyce Meskis
—
Deed Of Trust
related
$580,000 · Colorado Housing & Finance Aut
—
—
Alliance Center LLC
—
Deed Of Trust
related
$3,760,000 · Us 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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