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Property profile & analytics
OFF-MARKET
Hotels
1612 Wazee St Denver, CO 80202-1314
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0494721
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1892
Construction
WOOD
Lot
0.14 ac (6,262 SF)
Zoning code
LDO
APN
02331-11-040-000
UPID
US13-0494721
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
-
NATIV Hotel Hotel & Motel
-
Jet Hotel Hotel & Motel
-
Good Hotel Hotel & Motel
-
Nativ Hotel & Lounge Hotel & Motel Bed & Breakfast
-
TheLOBBY at Renu Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alliance Holdco For Wazee LLC · 2 yrs held
Alliance Holdco For Wazee LLC
since 2024
4 recorded transactions
Zoning & alternative use
LDO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$132,306
Tax year 2023
Assessed value
$1,707,480
Assessed 2023
Effective rate
7.75%
On assessed value
Assessed land
$559,450
Assessed improvement
$1,148,030
Land market value
$2,035,200
Improvement market value
$4,114,800
Total market value
$6,150,000
Applied tax rate
320.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1892
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Lot
0.14 ac (6,262 SF)
Zoning code
LDO
APN
02331-11-040-000
UPID
US13-0494721
Jurisdiction
DENVER
Zoning & alternative use
LDO · Denver, CO
Zoning LDO · permitted uses
LDO · 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
1892
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Alliance Holdco For Wazee LLC
Entity
Mailing address
4925 S BROADWAY AVE, WICHITA, KS 67216-3716
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Alliance Holdco For Wazee LLC
1612 Wazee Alliance LLC
Special Warranty Deed
$6,500,000 · Ubs Ag Tampa Branch
Aug 29, 2022
$6,322,500
1612 Wazee Alliance LLC
1612 Wazee St LLC
Special Warranty Deed
related
$5,330,000 · Pangea Mortgage Capital LLC
Jul 13, 2022
—
1612 Wazee St LLC
Nativ Denver LLC
Public Action
related
—
Apr 29, 2021
—
Natin Denver LLC
—
Deed
related
$600,000 · Timothy Mckimmy
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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