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Property profile & analytics
FOR LEASE
Office Spaces
1600 Broadway Denver, CO 80202
Entity Owned
4-yr Hold
Property ID
US13-1034607
For Lease
1 / 2
$20 SF/Yr
1600 Broadway, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2017
Construction
CONCRETE
Total area
2,757 SF
Lot
0.04 ac (1,708 SF)
Zoning code
U-MS-3
APN
05227-11-068-068
UPID
US13-1034607
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
-
National Oilwell Varco Factory Production Facility
-
Colorado Office of Economic Development and International Trade State Government Office Government Economic Program
-
David Evans and Associates, Inc. Landscape Architect Structural Engineer
-
Capital Solutions, Corp Marketing & Advertising
-
Chalat Hatten & Banker PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$960k
Owner & transaction history
Fortuna Sports Performance LLC · 4 yrs held
Fortuna Sports Performance LLC
since 2021
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+56.5%
Neighborhood: shopping center
$895,000
+26.8%
Commercial (general)
$890,000
+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
$955,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$890,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$835,000
Change: +19% · Conversion: Easy
RETAIL STORES
$710,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $975k (Jul 27 2021)
Last sale anchor
$975k
Jul 27 2021
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
$348 / 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
$20,808
Tax year 2023
Assessed value
$268,540
Assessed 2023
Previous assessed
$281,040
-4.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$34,540
Assessed improvement
$234,000
Land market value
$153,800
Improvement market value
$838,700
Total market value
$992,500
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
For Lease
Year built
2017
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,757 SF
Lot
0.04 ac (1,708 SF)
Zoning code
U-MS-3
APN
05227-11-068-068
UPID
US13-1034607
Jurisdiction
DENVER
Zoning & alternative use
U-MS-3 · Denver, CO
Zoning U-MS-3 · permitted uses
U-MS-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
$705,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$890,000
MEDICAL BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$710,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2017
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Fortuna Sports Performance LLC
Entity
Mailing address
1600 S PENNSYLVANIA ST, DENVER, CO 80210-2638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Fortuna Sports Performance LLC
—
Deed
related
$115,000 · Firstbank
Jul 27, 2021
$975,000
Fortuna Sports Performance LLC
Lcp Mrep Broadway LLC
Special Warranty Deed
$731,250 · Firstbank
Dec 10, 2020
—
Mhmp 14 Clare Gardens Lllp
—
Deed
related
$8,133,693 · Clare Gardens INC
May 10, 2019
$306,000
Karin West
Lcp-mrep Broadway LLC
Grant Deed
$229,500 · Fairway Independent Mtg
Apr 22, 2019
$495,000
Elsa Archambault
Lcp-mrep Broadway LLC
Grant Deed
$453,000 · Home Mtg Alliance
Apr 19, 2019
$316,500
Colin Sharpe
Lcp-mrep Broadway LLC
Grant Deed
$300,675 · First Centennial Mtg Corp
Jan 10, 2019
$110,900,000
Trea 1600 Broadway LLC
Lba Realty Fund II-wbp Vi LLC
Grant Deed
—
May 23, 2018
—
Lba Realty Fund II Wbp IV LLC
—
Grant Deed
related
$380,400,000 · Bank Of America
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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