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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Bars & Pubs
1601 Evans Ave Denver, CO 80223-3813
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0992440
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1963
Construction
STEEL FRAME
Total area
25,000 SF
Lot
0.72 ac (31,250 SF)
Zoning code
S-CC-3
APN
05282-10-009-000
UPID
US13-0992440
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
-
PT's Showclub Denver Nightclub DJ & Entertainment
-
IEC Inc Business Management Consultant
-
Titello & Associates Inc Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.07M
Owner & transaction history
1601 West Evans LLC · 6 yrs held
1601 West Evans LLC
since 2019
7 recorded transactions
Zoning & alternative use
S-CC-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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$43 / 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
$78,955
Tax year 2023
Assessed value
$1,018,960
Assessed 2023
Previous assessed
$810,120
+25.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$209,610
Assessed improvement
$809,350
Land market value
$781,300
Improvement market value
$2,900,900
Total market value
$3,682,200
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
EVAPORATIVE
Stories
2
Units
3
Total area
25,000 SF
Lot
0.72 ac (31,250 SF)
Zoning code
S-CC-3
APN
05282-10-009-000
UPID
US13-0992440
Jurisdiction
DENVER
Zoning & alternative use
S-CC-3 · Denver, CO
Zoning S-CC-3 · permitted uses
S-CC-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.
Building & site characteristics
From public records
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
3
Lot
0.72 ac
Current owner
From public records · entity-resolved
1601 West Evans LLC
Entity
Mailing address
10737 CUTTEN RD, HOUSTON, TX 77066-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Rci Holdings INC
—
Deed
related
$18,740,000 · Centennial Bank
May 28, 2020
—
1601 West Evans LLC
—
Deed
related
$1,234,573 · Citywide Bk
Sep 17, 2019
—
1601 West Evans LLC
Lowrie Management Lllp
Quit Claim Deed
related
—
Sep 23, 2009
—
Lowrie Management Lllp
—
Deed Of Trust
related
$2,000,000 · Citywide Banks
Dec 29, 2004
—
Lowrie Management Lllp
Evans Venture Lllp
Quit Claim Deed
related
—
—
—
1601 West Evans LLC
—
Deed Of Trust
related
$1,234,573 · Citywide Bk
—
—
Venture LLP Evans
—
Deed Of Trust
related
$300,000 · Amfirst Bank
—
—
Venture Evans
—
Deed Of Trust
related
$963,000 · Community Banks Of Colorado
—
—
Venture Evans
—
Deed Of Trust
related
$850,000 · Community Banks Of Colorado
—
—
Venture Evans
—
Deed Of Trust
related
$1,000,000 · Community Banks Of Colorado
—
—
Venture Lllp Evans
—
Deed Of Trust
related
$1,000,000 · Amfirst Bank
—
—
Venture Evans
—
Deed Of Trust
related
$1,000,000 · Community Banks Of Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$1,202,500 · Citywide Banks
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$2,606,500 · Citywide Banks
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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