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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Office buildings
1530 Blake St Denver, CO 80202-5946
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0630879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Construction
WOOD
Total area
17,954 SF
Lot
0.22 ac (9,375 SF)
Zoning code
D-LD
APN
02331-15-024-000
UPID
US13-0630879
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
-
D'Corazon Mexican Restaurant Restaurant
-
Piton Learning, LLC Business Management Consultant
-
Gaia Masala & Burger LoDo Restaurant
-
Deutsche Rohstoff AG Gas Company
-
European Wax Center Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$3.56M
Owner & transaction history
Kwon Foundation INC · 4 yrs held
Kwon Foundation INC
since 2022
6 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%
$4,675,000
6.5%
$4,315,000
7%
$4,010,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,825,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,810,000
Change: -14% · Conversion: Easy
RETAIL STORES
$5,775,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,580,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$5,450,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±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
$198 / 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
$94,413
Tax year 2023
Assessed value
$1,218,450
Assessed 2023
Previous assessed
$1,286,240
-5.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$841,720
Assessed improvement
$376,730
Land market value
$3,046,900
Improvement market value
$1,350,300
Total market value
$4,397,200
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
Off-Market
Year built
1939
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
9
Total area
17,954 SF
Lot
0.22 ac (9,375 SF)
Zoning code
D-LD
APN
02331-15-024-000
UPID
US13-0630879
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.5M
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
1939
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
9
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kwon Foundation INC
Entity
Mailing address
51 W OVERLOOK, PORT WASHINGTON, NY 11050-4701
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Kwon Foundation INC
Blake Street LLC
Bargain And Sale Deed
—
Jun 1, 2022
—
Blake Street LLC
—
Deed
related
$2,700,000 · Bank Denver
Oct 10, 2014
—
Blake Street LLC
Kwon,jin & Min O
Grant Deed
$1,940,000 · Miscellaneous Ins Co
Oct 18, 2007
—
Tae Jin Kwon
Tae Jin Kwon
Intrafamily Transfer
related
$1,870,000 · Us Bank NA
—
—
Tae J Kwon
—
Deed Of Trust
related
$600,000 · Guaranty Bank & Trust Co
—
—
Tae J Kwon
—
Deed Of Trust
related
$1,214,847 · Valley Bank & Trust Co
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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