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Property profile & analytics
OFF-MARKET
Estimated value
$17,405,000
Office buildings
1616 Welton St Denver, CO 80202-4221
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0661976
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
STEEL FRAME
Total area
124,190 SF
Zoning code
D-C
APN
02346-11-018-000
UPID
US13-0661976
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
-
Medical Waste Pros Waste Management Facility Hazardous Waste Disposal
-
Body Massage Wellness Spa Spa & Massage Center
-
Global Aid Missions Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.41M
Owner & transaction history
Macbain Props Colorado INC · 12 yrs held
Macbain Props Colorado INC
since 2014
7 recorded transactions
Zoning & alternative use
D-C · 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
$140 / 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
$299,872
Tax year 2023
Assessed value
$3,355,230
Assessed 2023
Previous assessed
$4,089,670
-18.0% YoY
Effective rate
8.94%
On assessed value
Assessed improvement
$3,355,230
Improvement market value
$12,055,900
Total market value
$12,055,900
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 (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
9
Units
2
Total area
124,190 SF
Zoning code
D-C
APN
02346-11-018-000
UPID
US13-0661976
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
9
Units
2
Current owner
From public records · entity-resolved
Macbain Props Colorado INC
Entity
Free & Clear · 12 yrs held
Mailing address
318 W ADAMS ST STE #2000, CHICAGO, IL 60606-5148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jun 21, 2022
—
1630 Welton Level Office LLC
—
Deed
related
$13,100,000 · Byline Bank
Oct 22, 2014
—
Macbain Props Colorado INC
—
Grant Deed
related
$11,000,000 · Citibank
Jul 8, 2014
$8,500,000
Macbain Props Colorado INC
Gecmc 2006-c1 Welton Street Ll
Grant Deed
—
Aug 1, 2012
—
Gecmc 2006-c1 Welton Street Ll
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
Apr 23, 2012
$7,535,491
Iec Denver LLC
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$7,300,000
Jan 30, 2006
—
Iec Denver LLC
Iec Denver LLC
Quit Claim Deed
—
Jan 30, 2006
$610,900
Iec Denver Of Delaware LLC
Iec Denver LLC
Grant Deed
related
$7,300,000 · Deutsche Banc Mortgage Capital
May 25, 2001
$1,170,000
Iec Denver LLC
1630 Welton LLC
Grant Deed
$9,325,000 · Transamerica Commercial Financ
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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