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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Turn key restaurants
1617 California St 102 Denver, CO 80202-3713
Entity Owned
11-yr Hold
Free & Clear
Property ID
US13-0827680
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
WOOD
Total area
2,230 SF
Lot
0.01 ac (540 SF)
Zoning code
D-C
APN
02345-27-151-151
UPID
US13-0827680
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
-
Kyoto Ramen Restaurant
-
Care Deeply Consulting Human Resource Consulting Business Management Consultant
-
BRiiO Advisors Business Management Consultant Business Development Service
-
Super Clean General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$850k
Owner & transaction history
1617 California Street LLC · 11 yrs held
1617 California Street LLC
since 2014
Last sale
$850,000
6 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
Method
Estimation
Statistic approach
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$910,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Dec 2 2024)
Last sale anchor
$850k
Dec 2 2024
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
$381 / 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
$12,123
Tax year 2023
Assessed value
$156,460
Assessed 2023
Previous assessed
$185,950
-15.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$44,500
Assessed improvement
$111,960
Land market value
$189,500
Improvement market value
$401,300
Total market value
$590,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
5
Total area
2,230 SF
Lot
0.01 ac (540 SF)
Zoning code
D-C
APN
02345-27-151-151
UPID
US13-0827680
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$835,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1955
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
5
Lot
0.01 ac
Current owner
From public records · entity-resolved
1617 California Street LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1528 WAZEE ST, DENVER, CO 80202-1312
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2014
$1,870,000
1617 California Street LLC
Scc Properties Ca LLC
Grant Deed
—
Jan 28, 2013
$1,600,000
Scc Properties Ca LLC
Bank Of The West
Grant Deed
—
May 16, 2011
—
Bank Of The West
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
May 6, 2011
$126,008
Ans Lemongrass Grille INC
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$100,000
Aug 2, 2005
$606,900
Ans Lemongrass Grille INC
Baldwin Residences LLC
Special Warranty Deed
$491,080 · Commercial Federal Bank
—
—
Ans Lemongrass Grille INC
—
Deed Of Trust
related
$100,000 · Bank Of The West
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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