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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office Spaces
1540 Emerson St 101 Denver, CO 80218-1450
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0678311
Property summary
AI-generated overview
This exceptional Denver mixed-use property, located at 1540 Emerson St, offers 8,231 square feet of vacant creative office space in a prime location. The three-story building, constructed in 1960, sits on a 14,500 square foot lot with 30 on-site parking spaces, including handicap-accessible spots. The property boasts 100 feet of frontage on Emerson Street and alley access on a 145-foot deep lot. Zoned G-RO-3, it allows for both residential and office uses, up to three stories high. The building has undergone complete asbestos abatement. Its convenient location is less than a block from Colfax Avenue and Clarkson Street. This property presents a unique opportunity for redevelopment or immediate occupancy, combining the benefits of a central location with ample space and parking. The property consists of two separate parcels under one roof. The asking price is $1,600,000.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1960
Construction
WOOD
Total area
5,438 SF
Lot
0.22 ac (9,788 SF)
Zoning code
G-RO-3
APN
02354-25-051-051
UPID
US13-0678311
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
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$875k
Owner & transaction history
Filross 1328 LLC · 9 yrs held
Filross 1328 LLC
since 2016
2 recorded transactions
Zoning & alternative use
G-RO-3 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,390,000
Current use
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$161 / 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
$28,791
Tax year 2023
Assessed value
$328,720
Assessed 2023
Previous assessed
$350,380
-6.2% YoY
Effective rate
8.76%
On assessed value
Assessed land
$264,720
Assessed improvement
$64,000
Land market value
$978,800
Improvement market value
$229,400
Total market value
$1,208,200
Applied tax rate
188.0000
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
1960
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
5,438 SF
Lot
0.22 ac (9,788 SF)
Zoning code
G-RO-3
APN
02354-25-051-051
UPID
US13-0678311
Jurisdiction
DENVER
Zoning & alternative use
G-RO-3 · Denver, CO
Zoning G-RO-3 · permitted uses
G-RO-3 · 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
$1.4M
OFFICE BUILDING Current
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
1960
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Filross 1328 LLC
Entity
Mailing address
1431 N OGDEN ST, DENVER, CO 80218-1909
Ownership since
2016
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
Nov 16, 2016
$1,750,000
Filross 1328 LLC
Mother & Child Reunion LLC
Grant Deed
$1,050,000 · Bank Of Denver
—
—
Filross 1328 LLC
—
Loan Modification
related
$1,078,895 · Bank Of Denver
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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