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Property profile & analytics
OFF-MARKET
Hotels
1616 Market St Denver, CO 80202-1514
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0560976
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
STEEL FRAME
Total area
161,316 SF
Lot
0.36 ac (15,655 SF)
Zoning code
D-LD
APN
02331-09-266-000
UPID
US13-0560976
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
-
Thompson Denver by Hyatt Hotel & Motel
-
Duel Coffee Cafe & Coffee Shop
-
Chez Maggy Restaurant
-
Reynard Social Bar & Pub Nightclub
-
Smoke shop (Bike/Boat/Book/etc) 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
by Request
Owner & transaction history
Mh Th Denver LLC · 1 yrs held
Mh Th Denver LLC
since 2025
Last sale
$95.0M
4 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
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
$1,493,181
Tax year 2023
Assessed value
$19,270,330
Assessed 2023
Previous assessed
$14,776,280
+30.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,411,150
Assessed improvement
$17,859,180
Land market value
$5,087,900
Improvement market value
$64,011,400
Total market value
$69,099,300
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
11
Units
216
Total area
161,316 SF
Lot
0.36 ac (15,655 SF)
Zoning code
D-LD
APN
02331-09-266-000
UPID
US13-0560976
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
11
Units
216
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mh Th Denver LLC
Entity
Mailing address
620 NEWPORT CTR DR16FLR, NEWPORT BEACH, CA 92660-6420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 27, 2025
$95,000,000
Mh Th Denver LLC
K4 Dev LLC
Special Warranty Deed
$64,000,000 · Vmc Cre Master Lending Upper Reit L
Feb 17, 2023
—
K4 Dev LLC
—
Deed
related
$50,000,000 · East West Bank
Nov 20, 2020
—
K4 Dev LLC
—
Deed
related
$1,910,000 · Us Bk
—
—
K4 Dev LLC
—
Loan Modification
related
$1,910,000 · Us Bk
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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