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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
1556 Emerson St Denver, CO 80218-1450
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0688819
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1922
Construction
WOOD
Total area
3,334 SF
Lot
0.17 ac (7,250 SF)
Zoning code
G-RO-3
APN
02354-25-005-000
UPID
US13-0688819
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
-
Emerson House Psychotherapist
-
Colo Federation-Garden Clubs Association Or Organization
-
Rocky Mountain African Violet Council Charitable Organization Social Service Agency
-
Laszlo & Assoc / Comedia Commercial Photo Photography Service (Bike/Boat/Book/etc) Store
-
CoMedia Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$815k
Owner & transaction history
Carmen Galante · 1 yrs held
Carmen Galante
since 2025
Last sale
$881,261
1 recorded transaction
Zoning & alternative use
G-RO-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+56.5%
Neighborhood: shopping center
$1.1M
+26.8%
Commercial (general)
$1.1M
+26.5%
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
$715,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
AUTO REPAIR, GARAGE
$1,335,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,080,000
Change: +26% · Conversion: Easy
RETAIL STORES
$1,070,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,010,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $881k (Apr 1 2025)
Last sale anchor
$881k
Apr 1 2025
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
$244 / 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
$2,891
Tax year 2023
Assessed value
$194,190
Assessed 2023
Previous assessed
$252,590
-23.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$193,910
Assessed improvement
$280
Land market value
$725,000
Improvement market value
$1,000
Total market value
$726,000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
2
Total area
3,334 SF
Lot
0.17 ac (7,250 SF)
Zoning code
G-RO-3
APN
02354-25-005-000
UPID
US13-0688819
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
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1922
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Carmen Galante
Individual
Mailing address
1556 N EMERSON ST, DENVER, CO 80218-1450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$881,261
Carmen Galante
The Colorado Federation Of Garden C
Special Warranty Deed
$495,000 · The Co Federation Of Garden Clubs
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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