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Property profile & analytics
OFF-MARKET
Estimated value
$6,920,000
High-rise multifamily apartments
1560 Sherman St Denver, CO 80203-1726
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2783143
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1952
Construction
WOOD
Total area
20,177 SF
Lot
0.2 ac (8,513 SF)
Zoning code
C-MX-16
APN
02349-38-002-000
UPID
US13-2783143
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
-
The Profile Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
$6.38M
Blend (final)
Blend
$6.92M
Owner & transaction history
1560 Sherman St Aprtments LLC · 4 yrs held
1560 Sherman St Aprtments LLC
since 2022
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
C-MX-16 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+22.0%
Auto repair, garage
$8.1M
+19.5%
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
$6,765,000
ML approach
$6,945,000
CAP Approach
CAP Return
Estimation
6%
$5,105,000
6.5%
$4,715,000
7%
$4,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,765,000
Current use
RESTAURANT
$8,250,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,080,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,550,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,530,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$6,490,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$6,125,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$6.92M
Range $6.23M – $7.61M · ±10% · vs last sale $7.25M (May 6 2022)
Last sale anchor
$7.25M
May 6 2022
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
$343 / 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
$37,353
Tax year 2023
Assessed value
$482,060
Assessed 2023
Previous assessed
$405,270
+18.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$138,910
Assessed improvement
$343,150
Land market value
$2,128,300
Improvement market value
$5,121,700
Total market value
$7,250,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
33
Rooms
86
Bathrooms
1
Total area
20,177 SF
Lot
0.2 ac (8,513 SF)
Zoning code
C-MX-16
APN
02349-38-002-000
UPID
US13-2783143
Jurisdiction
DENVER
Zoning & alternative use
C-MX-16 · Denver, CO
Zoning C-MX-16 · permitted uses
C-MX-16 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.8M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RETAIL STORES
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1952
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
33
Rooms
86
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
1560 Sherman St Aprtments LLC
Entity
Mailing address
1942 BROADWAY STE 314C, BOULDER, CO 80302-5233
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$7,250,000
1560 Sherman St Aprtments LLC
Saratoga Cambridge LLC
Special Warranty Deed
$4,712,500 · Firstbank
Jun 10, 2013
$3,080,000
Saratoga Cambridge LLC
The Cambridge LLC
Warranty Deed
$1,540,000 · Firstbank
Aug 23, 2007
$2,860,000
Cambridge LLC
Cambridge-at-the-capitol LLC
Warranty Deed
$2,145,000 · Imperial Capital Bank
May 17, 2002
—
Capitol LLC
Mcelderry,john R & Joanne S
Quit Claim Deed
related
—
Apr 18, 2002
$1,200,000
Icon Investments Group INC
Xanadu Investments INC
Grant Deed
—
Apr 18, 2002
$2,100,000
John R Mcelderry
Icon Investments Group INC
Grant Deed
$1,300,000 · Bank Of Denver
—
—
Cambridge LLC
—
Deed Of Trust
related
$2,145,000 · City National Bank
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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