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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Distribution centers
1607 55th Ave Denver, CO 80221-1731
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0334273
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Total area
14,400 SF
Lot
1.02 ac (44,431 SF)
APN
R0104195
UPID
US13-0334273
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
-
Denver Cutlery, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Denver Cutlery Properties LLC · 4 yrs held
Denver Cutlery Properties LLC
since 2022
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,315,000
Current use
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$100 / 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
$81,991
Tax year 2023
Assessed value
$676,270
Assessed 2023
Previous assessed
$529,160
+27.8% YoY
Effective rate
12.12%
On assessed value
Assessed land
$111,570
Assessed improvement
$564,700
Land market value
$399,881
Improvement market value
$2,024,019
Total market value
$2,423,900
Applied tax rate
497.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,400 SF
Lot
1.02 ac (44,431 SF)
APN
R0104195
UPID
US13-0334273
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
WAREHOUSE, STORAGE Current
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Denver Cutlery Properties LLC
Entity
Mailing address
PO BOX 21797, DENVER, CO 80221-0797
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
—
Denver Cutlery Properties LLC
Richard Rudibaugh
Quit Claim Deed
related
$5,200,000 · Firstbank
Jul 1, 2020
—
Denver Cutlery Props LLC
—
Deed
related
$500,000 · Firstbank
Aug 4, 2008
—
Denver Cutlery Properties LLC
Rudibaugh C Richard R Trust
Quit Claim Deed
related
—
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$600,000 · Foothills Bank
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$200,000 · Firstbank NA
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$400,000 · First Bank
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$100,000 · First Bank
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$400,000 · Firstbank NA
—
—
Denver Cutlery Props LLC
—
Deed Of Trust
related
$500,000 · Firstbank
—
—
Denver Cutlery Properties LLC
—
Loan Modification
related
$400,000 · Firstbank
—
—
Denver Cutlery Properties LLC
—
Loan Modification
related
$200,000 · Firstbank
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$600,000 · Foothills Bank
—
—
Denver Cutlery Properties LLC
—
Deed Of Trust
related
$881,355 · First 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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