Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Office buildings
1614 15th St Denver, CO 80202-5990
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0064255
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
26,766 SF
Lot
0.13 ac (5,445 SF)
Zoning code
D-LD
APN
02331-20-010-000
UPID
US13-0064255
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
-
Humble Midstream Corporate Office
-
Renova Capital Partners Corporate Office Financial Advisor
-
L&E Research Advertising Agency
-
TURNER Marketing & Advertising Advertising Agency
-
Hipster LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$4.58M
Owner & transaction history
1614 Rock Island LLC · 3 yrs held
1614 Rock Island LLC
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
D-LD · 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
$4,315,000
ML approach
$4,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10% · vs last sale $4.67M (Jul 7 2023)
Last sale anchor
$4.67M
Jul 7 2023
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
$171 / 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
$185,745
Tax year 2023
Assessed value
$2,397,140
Assessed 2023
Previous assessed
$2,505,600
-4.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$485,350
Assessed improvement
$1,911,790
Land market value
$1,769,600
Improvement market value
$6,852,300
Total market value
$8,621,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
5
Total area
26,766 SF
Lot
0.13 ac (5,445 SF)
Zoning code
D-LD
APN
02331-20-010-000
UPID
US13-0064255
Jurisdiction
DENVER
Zoning & alternative use
D-LD · Denver, CO
Zoning D-LD · permitted uses
D-LD · 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
1945
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
1614 Rock Island LLC
Entity
Mailing address
1614 15TH ST, DENVER, CO 80202-5990
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jul 7, 2023
—
1614 Rock Island LLC
Hermanson Family LP II Lllp
Quit Claim Deed
related
—
Dec 26, 2019
$4,674,624
Jh Rock Island LLC
Highland Properties 3919 LLC
Grant Deed
—
Jul 18, 2019
$10,040,000
Hermanson Family LP Il Lllp
St Charles Rock Island LLC
Trustees Deed
$5,522,000 · Firstbank
Jun 4, 2013
—
St Charles Rock Island LLC
St Charles Rock Island Investors Ll
Special Warranty Deed
$4,200,000 · Ladder Capital Finance LLC
Jan 2, 2007
$2,850,000
St Charles Rock Island Investors Ll
The Rock Island Building LLC
Warranty Deed
$2,137,500 · Us Bank NA
Sep 24, 1998
—
Rock Island Building LLC
Clamage,david J
Grant Deed
related
—
—
—
Rock Island Building LLC
—
Deed Of Trust
related
$275,000 · Champions Bank
—
—
Rock Island Building LLC
—
Deed Of Trust
related
$320,000 · Shames-makovsky Mortgage Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1614 15th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
