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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Theaters & concert halls
15540 40th Ave Denver, CO 80239
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0434398
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1987
Total area
66,975 SF
Lot
5.53 ac (240,669 SF)
APN
R0083908
UPID
US13-0434398
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
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$912k
Blend (final)
Blend
$795k
Owner & transaction history
Pool IV Finance LLC · 10 yrs held
Pool IV Finance LLC
since 2015
7 recorded transactions
Zoning & alternative use
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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$12 / 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
$129,292
Tax year 2023
Assessed value
$1,428,480
Assessed 2023
Previous assessed
$2,618,950
-45.5% YoY
Effective rate
9.05%
On assessed value
Assessed land
$1,091,130
Assessed improvement
$337,350
Land market value
$3,910,871
Improvement market value
$167,032
Total market value
$4,077,903
Applied tax rate
360.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1987
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
66,975 SF
Lot
5.53 ac (240,669 SF)
APN
R0083908
UPID
US13-0434398
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.53 ac
Current owner
From public records · entity-resolved
Pool IV Finance LLC
Entity
Mailing address
2398 E CAMELBACK RD STE #1000, PHOENIX, AZ 85016-9022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2015
—
Pool IV Finance LLC
Atrium Finance IV LP
Grant Deed
related
$585,000,000 · Jp Morgan Chase Bk
Aug 10, 2007
—
Atrium Finance IV
—
Deed Of Trust
related
$120,000,000 · German Am Cap
Mar 29, 2006
—
Atrium Finance IV
—
Deed Of Trust
related
$9,954,000 · Goldman Sachs Comm'l Mtg Cap
Jan 18, 2006
—
Atrium Finance IV
—
Deed Of Trust
related
$55,046,000 · Goldman Sachs Comm'l Mtg Cap
Oct 20, 2005
—
Atrium Finance IV
John Q Hammons Hotels
Grant Deed
related
—
Oct 13, 1995
$11,636,000
John Q Hammons Hotels
John Q Hammons Hotels Two
Warranty Deed
related
$90,000 · State Street Bk&tr/ct
—
—
Finance Atrium IV
—
Deed Of Trust
related
—
—
—
Finance Atrium IV
—
Loan Modification
related
—
—
—
Pool IV Finance LLC
—
Deed Of Trust
related
$600,000,000 · Goldman Sachs Mtg
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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